PFC-REC Merger Set to Create the Power Sector’s Strongest Financial Giant 

PFC Scripts History with Record Profit of ₹33,625 Crore

Mumbai (Anil Bedag): Power Finance Corporation has delivered an exceptional performance in FY 2025-26, reporting a record consolidated Profit After Tax (PAT) of ₹33,625 crore, registering a 10% growth over the previous fiscal. On a standalone basis, the company posted a 16% rise in profit at ₹20,051 crore. With this achievement, PFC continues to retain its position as India’s most profitable NBFC.

The company’s total balance sheet size crossed ₹12.40 lakh crore, while its net worth increased to ₹1.73 lakh crore. Asset quality also improved significantly, with Gross NPA declining to 0.66% and Net NPA reducing sharply to just 0.13%, highlighting the company’s strong recovery and risk management strategy.

CMD Parminder Chopra said, “FY26 has been a year of strong achievements and solid performance for PFC. The proposed merger of PFC and REC Limited will create a stronger and more capable institution for the power sector, leading to improved efficiency and capital strength.” She further added, “The total dividend of ₹18.55 per share reflects our continued commitment towards our shareholders.”

The company also highlighted that the successful resolution of TRN Energy and Sinnar Thermal has further strengthened its asset quality. With a robust capital base and a sharp focus on energy transition, PFC is well-positioned to support future technologies and meet the growing demands of India’s power sector.