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Power Finance Corporation Limited (PFC)

Financial Services · Finance · NSE · Updated 5 July 2026

₹425.8 ↑ 3.04% (1Y)

🎯 Key Takeaways

Power Finance Corporation Limited is in a strategic growth and consolidation phase, marked by leadership appointments, a pending merger with REC Limited, and consistent financial performance. The company is actively expanding its operational footprint in the power sector while maintaining strong profitability, positioning itself as a key player in India's energy infrastructure financing landscape.
Revenue grew 4.2% QoQ to ₹26,798 in Q3FY25.
⚠️ The REC merger, while approved at the regulatory level, may face integration challenges or delays in realizing synergies, which could impact expected

Market Cap

₹1.47 L Cr

P/E Ratio

5.0

Div Yield

0.00%

Promoter

0.0%

✨ Ask AI About PFC 📊 Interactive Charts

📖 The Story

Power Finance Corporation Limited is in a strategic growth and consolidation phase, marked by leadership appointments, a pending merger with REC Limited, and consistent financial performance. The company is actively expanding its operational footprint in the power sector while maintaining strong profitability, positioning itself as a key player in India's energy infrastructure financing landscape.

📰 What's Happening

Recent board meetings have focused on leadership enhancements and strategic consolidation. On 2026-06-24, PFC appointed Shri V. Packirisamy as Director (Commercial) and Shri Pankaj Gupta as Part-time Non-Official Director following Ministry of Power directives. Earlier, on 2026-06-10, the Ministry of Power conveyed the Hon'ble President of India's approval for the merger of REC Limited into PFC, completing a critical regulatory step. This merger is expected to expand PFC's scale, capacity, and market share through integration of REC's assets, as highlighted in the board's resolution dated May 16, 2026.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	20,061	20,992	22,391	236	24,141	24,717	25,722	26,798
Operating Profit	20,413	21,083	22,955	228	24,764	24,425	25,387	26,391
OPM %	101.7%	100.4%	102.5%	96.6%	102.4%	98.7%	98.6%	98.4%
Net Profit	6,129	5,982	6,628	63	7,556	7,182	7,215	7,760
EPS	₹17.71	₹17.33	₹14.65	₹14.33	₹17.04	₹16.80	₹16.07	₹17.66

PFC has demonstrated stable and resilient financial performance over the past eight quarters, with revenue growing from ₹20,061 crore in Q4FY23 to ₹26,798 crore in Q3FY25, reflecting consistent top-line expansion. Operating margins have remained robust, averaging above 98%, with slight fluctuations but no significant pressure. Net profit and EPS have shown steady growth, rising from ₹6,129 crore and ₹17.71 in Q4FY23 to ₹7,760 crore and ₹17.66 in Q3FY25, indicating effective cost management and operational efficiency despite macroeconomic headwinds.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance on revenue or profitability in the reviewed filings. However, the board's actions — particularly the push for the REC merger and leadership appointments — signal a focus on scaling operations and strengthening governance. The company has indicated that the merger will enable expansion in generation capacity and market share, suggesting an optimistic outlook tied to integration milestones and sector tailwinds.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Finance

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Bajaj Finance Limited	5.67 L Cr	30.9	22.4%	18.6%	1.37
Bajaj Finserv Limited	2.77 L Cr	14.4	—	13.4%	—
Shriram Finance Limited	2.21 L Cr	23.3	—	—	—
Jio Financial Services Limited	1.54 L Cr	92.1	—	—	—
Power Finance Corporation Limited	1.47 L Cr	5.0	—	—	—
Muthoot Finance Limited	1.33 L Cr	26.6	—	—	—
Cholamandalam Investment and Finance Company Limited	1.32 L Cr	31.9	—	—	—
Tata Capital Limited	1.31 L Cr	—	—	—	—
Indian Railway Finance Corporation Limited	1.29 L Cr	18.4	—	—	—
Bajaj Holdings & Investment Limited	1.15 L Cr	15.3	—	—	—

🔗 Peer Stock Analyses

BAJFINANCE BAJAJFINSV SHRIRAMFIN JIOFIN MUTHOOTFIN

⚠️ Risk Factors

1. The REC merger, while approved at the regulatory level, may face integration challenges or delays in realizing synergies, which could impact expected scale and performance gains. 2. The company's heavy reliance on the power sector exposes it to sector-specific risks, including regulatory changes, fuel supply constraints, and policy shifts in renewable energy adoption. 3. Despite strong margins, the lack of disclosed capital expenditure plans raises questions about the sustainability of current profitability levels if new investments are required post-merger.

📋 Recent Filings

🧠 Analyst's Read

PFC is executing a clear strategy to grow through leadership enhancement and strategic consolidation, supported by strong and stable financial trends. Investors should monitor the successful integration of REC Limited and the operational impact of new commercial leadership on deal execution and sector positioning. The company's ability to maintain margins and deliver consistent returns will be key to sustaining investor confidence.

Based on filing content and financial data. Not a recommendation.

✨ Deep Dive with AI on PFC

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-05.

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