PFC Hits Yet Another New Milestone Delivered Highest Annual Profit

The Power Finance Corporation(PFC) has achieved a new milestone and a significant one in the public sector corporate domain by delivering the highest annual profit ever of Rs.10,022 cr. PFC continues to stick to its commitment to share its success with the shareholder. Accordingly, during the year, PFC has distributed nearly 32% of its profit through dividends to its shareholder.  The Chief Managing Director R.P Dhillon expressed his cheerfulness and satisfaction and remarked that I am happy to share that during this financial year, PFC has hit yet another milestone by delivering the highest annual profit ever On the business front, the power sector is still reeling under the impact of COVID pandemic, as a result, our loan asset book grew marginally. However, we are optimistic that with the economic activity bouncing back to its pre-covid level, PFC’s business activity would start picking up momentum. Further, On this achievement the Director of Finance Ms, Parminder Chopra commented that despite a challenging environment, PFC had delivered historically high annual profits in FY 22. PFC during the year focused on building its capital buffer and creating a resilient balance sheet to tackle the adverse economic scenario. I believe that PFC will also continue to work through the consequences of the pandemic and register profitable growth in the future.