Power Finance Corporation Q4 results 2026 Highlights: Profit grows 3% YoY; dividend of ₹3.95/share declared

PFC shares jumped nearly 3% after the March quarter results. The PSU stock hit the day's high of ₹454 following earnings announcement.

Expenses reduced to ₹17,764.79 crore from ₹18,730.86 crore in the last quarter of FY25.

During January-March, the company's total income fell to ₹28,856.60 crore from ₹29,285.45 crore in the fourth quarter of the preceding 2024-25 financial year.

The net interest income (NII), the difference between the interest earned and expended, fell 10.5% YoY during the quarter under review. The NII stood at ₹10,833 crore in the March quarter of FY26 as against ₹12,109 crore in the same period last year.

PFC's board recommended a final dividend of ₹3.95 per equity share on the face value of the paid-up equity shares of ₹10/- each for the FY 2025–26, subject to approval of shareholders in the ensuing Annual General Meeting.

This is in addition to the interim dividends of ₹14.60 per equity share (subject to deduction of TDS) for the FY 2025–26 already declared and paid during the year in four tranches. The final dividend, if declared, will be paid within the statutory period of 30 days from the date of approval in the ensuing AGM.

PFC's consolidated profit for the January-March quarter jumped 2.87% to ₹8,598 crore from ₹8,358 crore in the same period a year ago. On a QoQ basis, too, the figure was higher than ₹8,212 crore posted in the December quarter.

Power Finance Corporation's share price was trading 0.77% higher at ₹444.10 per share today. The PSU company is slated to announce its March quarter results later in the day.

Emkay Global expects PAT to fall 1.2% YoY in Q4FY26 while total income could face a steeper 7.5% decline.

We believe PFC's loan book will grow ~11% YoY, driven by a strong sanction and disbursement pipeline. While we expect marginal moderation in overall margin as PFC continues to increase its share of disbursements toward renewables, opex would remain elevated on account of higher exposure to ECBs. Overall asset quality is expected to remain robust, with credit costs staying low due to provision writebacks from stressed asset resolution in Q3FY26.

— Emkay Global

Power Finance Corporation (PFC) is slated to announce its March quarter results for the quarter ended March today, 13 May. The PSU company will consider the dividend payout along with earnings.