Q4 2026 Power Finance Corporation Ltd Earnings Call Transcript
Key Points
- Power Finance Corp Ltd (BOM:532810) reported its highest ever net profit of Rs. 20,051 crore for the financial year 2026, marking a 16% increase year-on-year.
- The company maintained strong asset quality with net NPAs at around 0.13%, showcasing effective risk management.
- Power Finance Corp Ltd (BOM:532810) continues to lead in renewable energy financing with a significant renewable book of Rs. 1.65 lakh crore.
- The company's consolidated PAT is the highest among NBFCs at Rs. 33,625 crores, reflecting its robust financial performance.
- The restructuring and planned merger with REC is expected to create a unified institution with better scale, capital efficiency, and financing capabilities for India's power sector.
- The company faced elevated prepayment pressures due to a declining interest rate environment, impacting loan growth.
- Disbursements declined year-on-year in FY26, attributed to competitive intensity and changes in the nature of disbursements.
- Volatility in the foreign exchange market led to pressures on the overall funding cost, impacting financial performance.
- The merger with REC may lead to challenges in maintaining government company status due to potential reduction in government shareholding.
- The company anticipates continued competition pressure and prepayment pressure, which may affect future spreads and profitability.
(Operator Instructions) Ladies and gentlemen, on behalf of Power Finance Corporation, we feel honored and privileged to welcome you all to this Investors Meet. Today the company announced its financial results for the year 2025-26. PFC is always aiming to connect with its investor and build a strong and positive relationship with the investment community. With this objective, today's event has been organized to discuss PFC's financial performance with the current and prospective investors.
Now I would like to introduce PFC's management. On the desk, we have to my immediate left, Sri Rajesh Kumar Agarwal, Director of Finance, Shrimathi Parvinder Chopra, Chairperson and Managing Director, and to my extreme left. Shri V. Bakarisamy, Executive Director.
The program for today's annual media investors meet will start with PFC's CMD speech which will be followed by a Q&A session. Now I would like to invite Shrimati Parvandar Chopra, Chairperson and Managing Director to address the gathering.
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