Power Finance Corporation stock: Profit slips 2% in Q2

Power Finance Corporation reported a 2 percent year-on-year decline in consolidated net profit to INR 7,681.51 crore for the quarter ended September 30, 2026. The results were reported on Wednesday, November 4, according to HDFC Sky, which carried the PTI report.

Profit compared with INR 7,834.39 crore in the second quarter of the previous financial year. Total income rose 1.15 percent to INR 29,234.42 crore from INR 28,901.10 crore, while expenses increased by more than 3 percent to INR 19,453.12 crore.

Dividend adds shareholder focus

The board declared an interim dividend of INR 4.10 per share for the quarter. The payment is a direct distribution decision alongside the earnings release, while the higher expense base remains the main pressure point in the reported consolidated figures.

PFC also reported a consolidated loan asset book of INR 11,89,152 crore as of September 30. The company had raised around USD 1.4 billion by that date through a concessional foreign-exchange swap facility for public-sector enterprises introduced by the Reserve Bank of India. The facility is available until December 31, 2026.

Power-sector lending remains central

Power Finance Corporation is a state-owned non-banking financial corporation focused on financing energy projects in India. Its loan portfolio and funding activity leave the company exposed to credit quality, funding costs and the pace of investment across the power sector.

The broader Indian equity market provides the trading backdrop for the company and can influence sentiment toward state-owned financial and infrastructure businesses.