Government-owned Power Finance Corporation (PFC) recorded a total revenue of ₹292.85 billion (~$3.42 billion) in the fourth quarter (Q4) of the financial year (FY) 2024-25, a 21.13% year-over-year (YoY) increase from ₹241.76 billion (~$2.82 billion).

It has attributed the rise in total income to higher net interest income, which went up 38.36% to ₹120.92 billion (~$1.4 billion) from ₹87.39 billion (~$1.01 billion) in the corresponding quarter of the previous year.

The public infrastructure financing company’s Profit After Tax (PAT) increased by 10.6% YoY to ₹83.58 billion (~$976.46 million) from ₹75.56 billion (~$882.76 million).

Its Earnings Per Share (EPS) stood at ₹19.14 (~$0.22) in Q4 FY25 compared to an EPS of ₹17.04 (~$0.19).

Its loan asset book jumped by 12.88% YoY to ₹5.43 trillion (~$63.43 billion) from ₹4.81 trillion (~$56.19 billion).

Full Year Results

PFC reported a consolidated revenue of ₹1.07 trillion (~$12.5 billion) in FY25, a 17.35% YoY increase from ₹911.75 billion (~$10.6 billion).

The jump in consolidated revenue resulted from a 25.55% YoY increase in net interest income to ₹403.31 billion (~$4.69 billion) from ₹321.23 billion (~$3.74 billion).

Its PAT rose by 15.31% to ₹305.14 billion (~$3.56 billion) from ₹264.61 billion (~$3.09 billion) in the previous year.

The EPS stood at ₹69.67 (~$0.81) in FY25 compared to an EPS of ₹59.88 (~$0.69) in FY24.

PFC completely utilized the ₹228.85 billion (~$2.67 billion) funds raised through private placements.

The company’s consolidated loan asset book increased by 12% YoY to ₹11.1 trillion (~$129.68 billion) from ₹9.91 trillion (~$115.77 billion) in the last financial year.

During the year, PFC lent primarily to the government sector, which accounted for 77% of the loans disbursed, with the rest going to the private sector.

Its loan assets amounted to ₹5.43 trillion (~$63.43 billion), and loan disbursements amounted to ₹1.68 trillion (~$19.62 billion).

The public financing company’s gross loan assets for renewable energy companies increased by 34.58% YoY to ₹810.31 billion (~$9.46 billion) from ₹602.08 billion (~$7.03 billion).

The gross loan assets for solar/wind and other renewable energy projects increased by 46.98% YoY to 648.4 billion (~$7.57 billion) from ₹441.13 billion (~$5.15 billion).

As of March 31, 2025, PFC had a borrowing mix of ₹2.61 trillion (~$30.49 billion) of domestic bonds (56%), ₹888.77 billion (~$10.38 billion) of rupee term loans from banks/financial institutions (19%), and foreign currency borrowings (19%) of ₹891.32 billion (~$10.41 billion).

It also includes ₹99.43 billion (~$1.16 billion) of 54EC bonds (2%), ₹59.96 billion (~$700.51 million) of commercial papers (1.29%), ₹35.12 billion (~$410.3 million) of subordinated liabilities (0.75%), and lent ₹69.05 billion (~$806.7 million) categorised as others (1.48%).

The net non-performing asset (NPA) ratio decreased to 0.38% from 0.85%. The gross NPA declined to 1.64% from 3.02% in FY24.

As of March 31, 2025, the company has outstanding borrowings of ₹4.66 trillion (~$54.44 billion).

In January 2025, the Japan Bank for International Cooperation (JBIC) signed an agreement to set up a credit line of JPY120 billion (~$770.64 million) with PFC. JBIC’s share of the total credit line will be JPY72 billion (~$462.38 million).

Last October, PFC closed its largest-ever foreign currency term loan, raising $1.265 billion.