Power Finance (PFC) Q1 26/27 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter ended 30.06.2026 were approved, with limited review by statutory auditors and compliance with Ind AS 34 and SEBI regulations.

• Interim dividend of ₹3.90 per share (39%) declared for FY 2026-27, with record date set as 27.08.2026.

• Draft scheme of merger by absorption between the company and REC Limited approved, with a share exchange ratio of 88:100 and an appointed date of 01.04.2027, subject to regulatory and shareholder approvals.

Financial highlights

• Standalone Q1 FY27 revenue from operations: ₹13,993.13 crore; total income: ₹13,994.90 crore.

• Standalone net profit after tax: ₹4,745.40 crore, up from ₹4,501.50 crore YoY.

• Consolidated Q1 FY27 revenue from operations: ₹28,526.86 crore; total income: ₹28,563.17 crore.

• Consolidated net profit after tax: ₹8,997.92 crore, compared to ₹8,981.45 crore YoY.

• Basic and diluted EPS (standalone): ₹14.38; (consolidated): ₹21.25 for the quarter.

Outlook and guidance

• The merger with REC Limited is expected to enhance scale and synergies, pending statutory and regulatory approvals.

• Dividend policy remains consistent, with interim and final dividends recommended.