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PFC Logs Highest-Ever Quarterly Revenue of Rs 5,229 Crore in July-September 2022

Energy Finance Company (PFC) on Thursday posted its highest ever quarterly revenue after tax of Rs 5,229.33 crore for September quarter 2022-23 primarily as a consequence of increased revenues. The consolidated revenue is 4 per cent increased as in comparison with the year-ago interval when it logged a revenue of Rs 5,023.42 crore, it mentioned in a BSE submitting.

Complete earnings rose to Rs 19,344.39 crore from Rs 19,282.60 crore in the identical interval a yr in the past. The board in its assembly on Thursday additionally authorised second interim dividend of Rs 3 per share of Rs 10 every for 2022-23.

The PFC group delivered its highest ever consolidated revenue after tax (PAT) of Rs 5,229 crore in Q2FY23, it mentioned in an announcement.

The group reported a PAT of Rs 9,809 crore in April-September FY23 as towards Rs 9,578 crore within the year-ago interval.

The consolidated internet value crossed Rs 1 lakh crore mark and stood at Rs 1,02,280 crore (together with non-controlling curiosity) as on September 30, 2022. That is reflective of PFC group’s sturdy fundamentals and would assist in leveraging future enterprise alternatives, it said.

The synergies in decision of pressured belongings led to a pointy discount of 79 foundation factors in gross NPA (dangerous mortgage) ratio. Gross NPA got here down from 5.17 per cent in April-September 2021-22 to 4.38 per cent within the six-month interval of ongoing fiscal yr.

Web NPA ratio too noticed 45 foundation factors discount. It got here down from 1.72 per cent in first half of 2021-22 to 1.27 per cent in April-September 2022-23. That is the bottom ever internet NPA ratio.

Beneath the late fee surcharge scheme, until date, the PFC group has collectively sanctioned Rs 1,00,303 crore to fifteen discoms in 10 states and to this point has disbursed Rs 13,307 crore.

PFC group can now lend to infrastructure and logistics sectors, implying a optimistic alternative for the group to diversify its companies.

To begin with, lending as much as 30 per cent of internet value has been permitted by Ministry of Energy, it said.

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