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PFC declares second interim dividend of Rs 3.65/share, sets Nov 26 as record date

by TheAdviserMagazine
3 months ago
in Business
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PFC declares second interim dividend of Rs 3.65/share, sets Nov 26 as record date
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State-run Power Finance Corporation on Friday announced its second interim dividend of Rs 3.65 per equity share for the financial year FY26. The PSU power NBFC has set November 26 as the record date for ascertaining the shareholders’ eligibility.

The date of payment of the dividend will be on or before December 6, 2025.

The dividend was announced along with the company’s September quarter earnings, where PFC reported a standalone net profit of Rs 4,462 crore, which was up 2% from Rs 4,370 crore reported in the year-ago period. The profit after tax (PAT) was down 0.9% on a sequential basis versus Rs 4,501 crore posted in Q1FY26.

The total revenue from operations stood at Rs 14,755 crore in the quarter under review, which was 12% higher compared to Rs 13,207 crore in the corresponding quarter of the last financial year. The topline increased 7% on a quarter-on-quarter basis versus Rs 13,773 crore reported in the April-June quarter of FY26.

Also Read: Nykaa Q2 Results: Cons PAT skyrockets 243% YoY to Rs 34 crore, revenue jumps 25%

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PFC’s dividend income stood at Rs 13,473 crore in Q2FY26 versus Rs 13,739 crore in Q1FY26 and Rs 11,909 crore in Q2FY25. The company also earned dividend income of Rs 1,102 in the said quarter. On a consolidated basis, the bottomline stood at Rs 7,834 up 9% versus Rs 7,215 crore in Q2FY25, while declining nearly 13% on a sequential basis compared to Rs 8,981 crore in the April-June quarter of FY26.Also Read: Dividend darlings disappoint as 5 of top 10 PSU yield plays fall in double digits up to 28%The total revenue rose 12% to Rs 28,901 crore in the reporting quarter compared to Rs 25,755 crore in the year-ago period. On a QoQ basis, the top line rose 1% against Rs 28,629 crore in Q1FY26.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)



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