India · Delayed Price · Currency is INR Power Finance Corporation Earnings Call Transcripts
Fiscal Year 2026
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Profit after tax rose 17% year-over-year in H1 FY26, with strong loan growth and improved asset quality. Loan book guidance remains at 10%-11% for FY26, and spreads are expected to be maintained despite competition. 95% of foreign currency exposure is hedged.
Fiscal Year 2025
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Profit after tax rose 17% year-over-year to INR 22,157 crores, with loan assets up 12%. Asset quality improved, gross NPA fell below 3%, and renewable portfolio grew 28%. Forex volatility and project resolutions may impact Q4, but guidance for loan growth and NIM remains stable.
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Net profit and loan assets grew strongly year-on-year, with record low NPA ratios and robust disbursements. Asset quality improved through major resolutions, and margins, capital adequacy, and dividend payouts remain strong. Growth guidance for FY25 is maintained at 14%.
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Q1 FY25 saw 20% YoY profit growth and a 13% rise in the loan book, with asset quality improving and margins stable. Disbursements were steady, and the company remains focused on distribution, renewables, and gradual infrastructure expansion.