PFC Q4 Results: PSU stock gains after margins expand, asset quality improves

Shares of state-run Power Finance Corporation (PFC) Ltd. gained on Wednesday, May 13, in response to its March quarter results, that showed improvement on the margins and asset quality front.

Net profit for the period increased by 10.8% from the same quarter last year to ₹6,999 crore from ₹6,316.5 crore. Revenue declined by 1.2% to ₹28,919 crore from ₹29,265 crore last year.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹28,503 crore, a growth of 5% from last year's figure of ₹27,117 crore.

EBITDA margin for the quarter expanded by nearly six percentage points to 98.6% from 92.7% year-on-year.

PFC's asset quality also improved on a sequential basis. Its Gross Credit Impaired Assets Ratio at the end of the March quarter stood at 1.09%, an improvement from the 1.64% it reported in the December quarter, while Net Credit Impaired Assets Ratio stood at 0.15%, an improvement from the 0.26% it reported during the previous quarter.

The board of PFC also approved a dividend of ₹3.95 per share, subject to approval from shareholders.

Shares PFC have surged to the highs of the day, currently trading 2% higher at ₹449.65. The stock has risen 24% so far in 2026.