Power Finance Corporation LimitedQ1 FY27 Results & Financial Update
Power Finance Corporation Limited: Q1 FY27 consolidated results and company financials – revenue ₹28,526.86 Cr, PAT ₹8,997.92 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarter overview
Quarterly earnings analysis
Power Finance Corporation registered a consolidated total income from operations of INR 28,526.86 crore for the quarter ended June 30, 2026 (Q1 FY27), reflecting robust business scale across its infrastructure lending portfolio.
Interest income formed the core of top-line performance, standing at INR 27,946.85 crore alongside other operating income of INR 36.31 crore, bringing total consolidated income to INR 28,563.17 crore.
On the expenditure side, consolidated finance costs stood at INR 17,250.42 crore, representing the primary operational outflow required to service borrowings that fund the company's large loan assets.
Profit before tax (PBT) for the quarter settled at INR 11,260.08 crore, after accounting for tax expenses of INR 2,262.16 crore and depreciation of INR 17.98 crore.
Consolidated net profit after tax (PAT) for Q1 FY27 reached INR 8,997.92 crore, translating to basic and diluted earnings per share (EPS) of INR 21.25 for the quarter.
The board of directors declared a first interim dividend of INR 3.90 per equity share of face value INR 10 each for the financial year 2026-27, setting the record date for entitlement as August 18, 2026.
Power Finance Corporation reported consolidated total income from operations of INR 28,526.86 crore and total income of INR 28,563.17 crore for the quarter ended June 30, 2026.
Profit before tax (PBT) for the consolidated entity stood at INR 11,260.08 crore, supported by robust interest income generation of INR 27,946.85 crore during the quarter.
01 · Business model
What does Power Finance Corporation do?
Power Finance Corporation Limited (PFC) operates as a dedicated financial institution and Maharatna public sector undertaking under India's Ministry of Power, specializing in comprehensive funding and advisory support for the country's power sector infrastructure.
The company's primary business model centers on extending debt financing, term loans, and working capital facilities across the entire electricity value chain, encompassing power generation, transmission, distribution, and emerging green energy projects.
Revenue generation is principally driven by interest income accrued from an extensive loan book spanning state-owned power utilities, private power developers, and central sector generation companies, complemented by other financial services and fee-based advisory mandates.
PFC functions as a critical pillar for India's power sector capital formation, leveraging its sovereign backing and strong domestic and international credit access to fund large-scale conventional and renewable power assets.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Total income | ₹28,563.17 Cr |
| Interest income | ₹27,946.85 Cr |
| Other income | ₹36.31 Cr |
| Profit before tax | ₹11,260.08 Cr |
| Profit after tax | ₹8,997.92 Cr |
| EPS | ₹21.25 |
03 · Earnings & margin drivers
What drove earnings and margins
What drove net interest income and earnings
Interest income from lending operations contributed INR 27,946.85 crore to the consolidated top line during Q1 FY27.
The company recorded other income of INR 36.31 crore, supporting total income of INR 28,563.17 crore for the quarter.
Consolidated interest income reached INR 27,946.85 crore for Q1 FY27, serving as the primary driver of top-line revenue.
Other income contributed INR 36.31 crore to the consolidated total, bringing total income to INR 28,563.17 crore.
Other income contributed INR 36.31 crore to the total operating revenue of INR 28,526.86 crore.
NIM, spread, funding cost and credit cost
Finance expenses accounted for INR 17,250.42 crore during the quarter, representing the dominant cost head against interest earnings.
Tax expenses for the quarter were recorded at INR 2,262.16 crore, leaving a consolidated PAT margin of 31.54% relative to total income from operations.
Depreciation and amortization expenses remained modest at INR 17.98 crore for the consolidated entity.
Consolidated finance costs stood at INR 17,250.42 crore for the quarter, representing the largest expenditure item against interest inflows.
The consolidated tax charge for the quarter was recorded at INR 2,262.16 crore, influencing the net margin translation.
Finance expenses totaled INR 17,250.42 crore for the quarter, representing the largest cost component associated with servicing the company's funding liabilities.
The corporation incurred a tax charge of INR 2,262.16 crore, resulting in a PAT margin of approximately 31.54% relative to total operating revenue.
04 · Reported developments
What changed operationally
The board declared a first interim dividend of INR 3.90 per equity share (39% of paid-up equity share capital) for FY 2026-27.
05 · Beyond the numbers
What changed beyond the numbers
First Interim Dividend Record Date
The board fixed August 18, 2026, as the record date for eligibility of the first interim dividend for FY 2026-27.
Interim Dividend Declaration
The Board of Directors at its meeting held on August 7, 2026, declared an interim dividend at the rate of 39% on the paid-up equity share capital (INR 3.90 per equity share of face value INR 10 each) for the financial year 2026-27.
06 · Key Q&A
The quarter, answered directly
What does Power Finance Corporation do?
Power Finance Corporation Limited (PFC) operates as a dedicated financial institution and Maharatna public sector undertaking under India's Ministry of Power, specializing in comprehensive funding and advisory support for the country's power sector infrastructure.
What is the clearest takeaway from Q1 FY27?
Power Finance Corporation registered a consolidated total income from operations of INR 28,526.86 crore for the quarter ended June 30, 2026 (Q1 FY27), reflecting robust business scale across its infrastructure lending portfolio.
What drove earnings or loan-book movement?
Interest income from lending operations contributed INR 27,946.85 crore to the consolidated top line during Q1 FY27.
What mattered most for margins, funding or credit cost?
Finance expenses accounted for INR 17,250.42 crore during the quarter, representing the dominant cost head against interest earnings.
What changed operationally beyond the headline numbers?
The board fixed August 18, 2026, as the record date for eligibility of the first interim dividend for FY 2026-27.
What should the next disclosure help confirm?
Monitor the disbursement of the declared first interim dividend of INR 3.90 per share to eligible shareholders following the record date.
07 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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08 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Interim Dividend Payment: Monitor the disbursement of the declared first interim dividend of INR 3.90 per share to eligible shareholders following the record date.
- 02
Dividend Record Date: The record date for the purpose of payment of the interim dividend is set for August 18, 2026.
- 03
Dividend Payout Execution: Monitor the disbursement of the declared first interim dividend of INR 3.90 per share following the August 18, 2026 record date.
- 04
Subsequent Quarter Financial Disclosures: Track upcoming consolidated quarterly filings for Q2 FY27 to assess sequential trends in interest income, finance costs, and profitability.
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