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Time of India
21-05-2025
- Business
- Time of India
PFC Group reports ₹30,514 crore PAT in FY25, up 15%; standalone profit rises 21%
New Delhi: Power Finance Corporation (PFC) Group reported a 15 per cent increase in profit after tax (PAT) at ₹30,514 crore for the financial year 2024-25, compared to ₹26,461 crore in FY24. The company's consolidated loan asset book rose 12 per cent to ₹11,09,996 crore from ₹9,90,824 crore. PFC's consolidated net worth, including non-controlling interest, increased by 16 per cent to ₹1,55,155 crore as on March 31, 2025, from ₹1,34,289 crore in the previous year. The Group's consolidated gross NPA declined to 1.64 per cent in FY25 from 3.02 per cent in FY24. Net NPA dropped to 0.38 per cent from 0.85 per cent. On a standalone basis, PAT rose 21 per cent to ₹17,352 crore in FY25 from ₹14,367 crore in FY24. In the fourth quarter, standalone PAT stood at ₹5,109 crore, up from ₹4,135 crore in Q4FY24. The board proposed a final dividend of ₹2.05 per share for Q4, taking the total dividend for FY25 to ₹15.80 per share. PFC's standalone loan book increased 12.81 per cent to ₹5,43,120 crore as on March 31, 2025, from ₹4,81,462 crore. The renewable loan book grew 35 per cent year-on-year to ₹81,031 crore. Net worth on a standalone basis rose to ₹90,937 crore, a 15 per cent increase from ₹79,052 crore. The gross NPA on a standalone basis declined by 140 basis points to 1.94 per cent in FY25 from 3.34 per cent in FY24. Net NPA dropped to 0.39 per cent from 0.85 per cent following the resolution of the KSK Mahanadi project. Commenting on the performance, CMD Parminder Chopra said, 'PFC continues to set new benchmarks as India's highest profit-making NBFC — both on a consolidated and standalone basis. With a focus on delivering sustainable growth that is Realistic, Resilient, and Robust, we have delivered yet another year of strong financial performance.' She added, 'We are powering India's power and infrastructure sector with confidence and stability. PFC continues to lead the way in clean energy financing with the largest renewable loan book in the country, now exceeding ₹80,000 crore — a 35 per cent year-on-year growth.' Director (Finance) Sandeep Kumar said, 'FY25 has been a landmark year for PFC, delivering our highest-ever profit — a 21 per cent increase to ₹17,352 crore — driven by strong financial and operational excellence.' He added, 'The successful resolution of KSK Mahanadi has been instrumental in further strengthening our asset quality, with Net NPAs sharply declining to 0.39 per cent from 0.85 per cent.'
Economic Times
15-05-2025
- Business
- Economic Times
JSW Energy Q4 Results: Cons PAT jumps 16% YoY to Rs 408 crore. Board approves Rs 10,000 crore fundraise plan
JSW Energy on Thursday reported a consolidated net profit growth of 16% to Rs 408 crore in Q4FY25 versus Rs 351 crore reported in the year ago period. The company's revenue from operations in the March-ended quarter stood at Rs 3,189 crore, which was also up nearly 16% versus Rs 2,755 crore in the corresponding quarter of the last financial year. ADVERTISEMENT The company's board approved a proposal to raise up to Rs 10,000 crore in one or more tranches by way of private offerings and/or on preferential allotment basis and/or via qualified institutions placement (QIP) mode. The renewable power generation company also recommended a dividend of Rs 2 per equity share for the financial year 2024-25 to the shareholders of the company. Company's cash PAT grew by 8% from Rs 686 crore in Q4FY24 to Rs 744 crore in Q4 the quarter ended March 31, 2025, the total revenue increased by 21% YoY to Rs 3,497 crore from Rs 2,879 crore resulting in EBITDA growth of 17% YoY from Rs 1,292 crore to Rs 1,512 crore. It was driven by contributions from the 1,800 MW KSK Mahanadi thermal power plant and organic wind capacity additions, the company's filing FY25, the total revenue increased 6% YoY to Rs 12,639 crore from Rs 11,941 crore in FY24. EBITDA for the year grew by 5% YoY to Rs 6,115 crore driven by RE capacity additions, contributions from the Utkal and KSK Thermal plants. PAT increased 13% YoY to Rs 1,951 crore as compared to Rs 1,723 crore in FY24. Meanwhile, cash PAT for the full year stood at Rs 3,399 crore and Rs 4,679 crore on a proforma basis. ADVERTISEMENT Balance Sheet The consolidated net worth and net debt as on March 31, 2025 were Rs 27,362 crore and Rs 43,962 crore respectively, resulting in a net debt to equity ratio of l.6X. Net Debt to EBITDA stood at 5.0x, with Net Debt to EBITDA (excl. CWIP) at a healthy 3.9X. Receivables in DSO terms are at a healthy level of 76 days in the quarter. ADVERTISEMENT Cash and Cash EquivalentLiquidity continues to be strong with Cash balances at Rs 5,660 crores as of March 31, 2025. Management take ADVERTISEMENT Commenting on the earnings, Sharad Mahendra, Joint Managing Director and CEO of JSW Energy said that the company has surpassed the 10 GW capacity target, marking a major milestone in its growth journey. "Our successful completion of two large-scale acquisitions underscores our capability to execute complex, high-impact transactions. Additionally, our recent foray into greenfield thermal projects underlines our commitment to energy security. As we build on this momentum, we are excited to unveil our new growth plan, Strategy 3.0, targeting 30 GW of generation capacity by 2030 along with 40 GWh of energy storage. This Strategy 3.0 of 30 by 30 reflects our ambition to lead India's energy security with scale, speed, and sustainability," Mahendra said. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
15-05-2025
- Business
- Time of India
JSW Energy Q4 Results: Cons PAT jumps 16% YoY to Rs 408 crore. Board approves Rs 10,000 crore fundraise plan
JSW Energy on Thursday reported a consolidated net profit growth of 16% to Rs 408 crore in Q4FY25 versus Rs 351 crore reported in the year ago period. The company's revenue from operations in the March-ended quarter stood at Rs 3,189 crore, which was also up nearly 16% versus Rs 2,755 crore in the corresponding quarter of the last financial year. The company's board approved a proposal to raise up to Rs 10,000 crore in one or more tranches by way of private offerings and/or on preferential allotment basis and/or via qualified institutions placement (QIP) mode. The renewable power generation company also recommended a dividend of Rs 2 per equity share for the financial year 2024-25 to the shareholders of the company. Company's cash PAT grew by 8% from Rs 686 crore in Q4FY24 to Rs 744 crore in Q4 FY25. During the quarter ended March 31, 2025, the total revenue increased by 21% YoY to Rs 3,497 crore from Rs 2,879 crore resulting in EBITDA growth of 17% YoY from Rs 1,292 crore to Rs 1,512 crore. It was driven by contributions from the 1,800 MW KSK Mahanadi thermal power plant and organic wind capacity additions, the company's filing said. Live Events For FY25, the total revenue increased 6% YoY to Rs 12,639 crore from Rs 11,941 crore in FY24. EBITDA for the year grew by 5% YoY to Rs 6,115 crore driven by RE capacity additions, contributions from the Utkal and KSK Thermal plants. PAT increased 13% YoY to Rs 1,951 crore as compared to Rs 1,723 crore in FY24. Meanwhile, cash PAT for the full year stood at Rs 3,399 crore and Rs 4,679 crore on a proforma basis. Balance Sheet The consolidated net worth and net debt as on March 31, 2025 were Rs 27,362 crore and Rs 43,962 crore respectively, resulting in a net debt to equity ratio of l.6X. Net Debt to EBITDA stood at 5.0x, with Net Debt to EBITDA (excl. CWIP) at a healthy 3.9X. Receivables in DSO terms are at a healthy level of 76 days in the quarter. Cash and Cash Equivalent Liquidity continues to be strong with Cash balances at Rs 5,660 crores as of March 31, 2025. Management take Commenting on the earnings, Sharad Mahendra, Joint Managing Director and CEO of JSW Energy said that the company has surpassed the 10 GW capacity target, marking a major milestone in its growth journey. "Our successful completion of two large-scale acquisitions underscores our capability to execute complex, high-impact transactions. Additionally, our recent foray into greenfield thermal projects underlines our commitment to energy security. As we build on this momentum, we are excited to unveil our new growth plan, Strategy 3.0, targeting 30 GW of generation capacity by 2030 along with 40 GWh of energy storage. This Strategy 3.0 of 30 by 30 reflects our ambition to lead India's energy security with scale, speed, and sustainability," Mahendra said. ETMarkets WhatsApp channel )
