Business & Finance
PFC Shares Climb 2% After Q2 Profit Surge and Dividend Declaration
Power Finance Corporation Limited shares rose to a day high of Rs 325.45, up 2%, after the company announced that its board had cleared results for the quarter ended 30 September. Standalone profit after tax for the quarter was Rs 4,986.71 crore, an increase of 11.8% from Rs 4,461.94 crore a year earlier. Total income for the quarter edged up about 1.5% to Rs 14,973.11 crore from Rs 14,756.14 crore. Profit before tax rose to Rs 6,157.13 crore from Rs 5,539.89 crore. For the first six months of the year, profit after tax reached Rs 9,732.11 crore, up from Rs 8,963.44 crore.
The board also declared a second interim dividend of Rs 4.10 per share, equivalent to 41% of the Rs 10 face value. Shareholders on record on 17 November will receive the dividend, which will be paid on or before 4 December. Earlier, a Rs 3.95 dividend went ex‑dividend on 31 July and the first interim dividend of Rs 3.90 was declared on 27 August.
PFC also updated its planned merger with REC Limited. The Reserve Bank of India issued a no‑objection certificate on 15 October, and the BSE and NSE sent their own letters on 19 October. The merger scheme still requires approval from shareholders and creditors of both companies, as well as sanction from the Ministry of Corporate Affairs.
On the NSE, PFC shares closed at Rs 322.50, up 1.42% from the previous close of Rs 318.00. Approximately 114.38 lakh shares, worth Rs 366.99 crore, were traded during the day. The stock remains down 11.19% for 2026 and about 34% below its 52‑week high of Rs 486.50 reached on 28 April. PFC’s market value is Rs 1,06,428.28 crore.
Frequently asked questions
What was PFC's profit after tax for Q2?
PFC's profit after tax for the quarter ended 30 September was Rs 4,986.71 crore, up 11.8% from Rs 4,461.94 crore a year earlier.
What dividend did PFC declare for Q2?
PFC declared a second interim dividend of Rs 4.10 per share, equivalent to 41% of the Rs 10 face value. Shareholders on record on 17 November will receive the dividend, which will be paid on or before 4 December.
What is the status of PFC's merger with REC Limited?
The RBI issued a no‑objection certificate on 15 October, and the BSE and NSE sent their own letters on 19 October. The merger scheme still requires approval from shareholders and creditors of both companies, as well as sanction from the Ministry of Corporate Affairs.