Latest news with #PowerFinanceCorporation
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Business Standard
a day ago
- Business
- Business Standard
Shanti Ekambaram tops Hurun India 2025 list of women professionals
Shanti Ekambaram, deputy managing director of Kotak Mahindra Bank, leads the list of the top 10 women professionals in India, with the company being valued at ₹3.8 trillion, according to the 2025 Candere Hurun India Women Leaders List. The inaugural report analysed 97 women across nine categories, professionals, first-generation wealth creators, next-generation leaders, investors, philanthropists, young women leaders, artists, most-followed influencer founders, and most-followed celebrity investors. Parminder Chopra, chairperson and managing director, Power Finance Corporation (PFC), follows Ekambaram in the list. Overall, the businesses led by the women in the top professionals' list are valued at over ₹11.7 trillion, the report stated. Leading the list of top 10 first-generation women wealth creators is Radha Vembu, cofounder of Zoho Corporation, with a net worth of ₹55,300 crore. Roshni Nadar Malhotra, chairperson, HCL Technologies, tops the list of next-generation women leaders, with her company being valued at ₹4.87 trillion. Isha Ambani, executive director at Reliance Retail ranks sixth in the top-10 young women leaders list. Meanwhile, Devanshi Kejriwal (28), cofounder and CPO, Skillmatics, ranks first on the list.
Time of India
28-05-2025
- Business
- Time of India
ACME Solar commissions 1st phase of 26.4 MW wind project in Gujarat; operational capacity reaches 2,731.4 MW
New Delhi: ACME Solar Holdings Ltd has commissioned the first phase of its 50 MW wind power project at Shapar in Gujarat, adding 26.4 MW and taking the company's total operational renewable energy capacity to 2,731.4 MW, according to a company statement. The ACME Pokhran wind project is being implemented in phases, and the 26.4 MW capacity commissioned is the initial stage. Prior to this, the company's operational capacity stood at 2,705 MW. The project is financed by Power Finance Corporation (PFC) and constructed in-house by ACME's EPC division using Envision 3.3 MW turbines. The power generated is pooled at a 33/220 kV pooling station and stepped up for evacuation via a dedicated single circuit 220 kV transmission line to the Shapar sub-station. The Shapar sub-station will also be used for evacuating power from ACME's upcoming 100 MW wind project currently under advanced stages of construction. The power generated from the ACME Pokhran wind project will be sold under a 25-year Power Purchase Agreement signed with Gujarat Urja Vikas Nigam Ltd (GUVNL). ACME Solar Holdings has a total renewable energy portfolio of 6,970 MW comprising solar, wind, firm and dispatchable renewable energy (FDRE), and hybrid projects. Of this, 2,731.4 MW is operational, while the remaining 4,238.6 MW is at various stages of implementation.
News18
22-05-2025
- Business
- News18
PFC Final Dividend 2025: Power PSU Announces Cash Reward In Q4, Shares Up 4%
Last Updated: PFC Final Dividend 2025: PFC has released its Q4 results, showing a solid performance for the fiscal year 2024-25. PFC Final Dividend 2025: Power Finance Corporation (PFC) has recommended a final dividend of Rs 2.05 per equity share on the face value of Rs 10 each for the FY2024-25. This is in addition to the interim dividends off 13.75 per equity share (subject to deduction of TDS) for the FY 2024-25 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 ensuing AGM. PFC shares fell 2.28 per cent intraday on Thursday after gaining 4% with opening of Rs 413.70 apiece. PFC shares were trading at Rs 403 apiece at 2:00 pm, with the day's high at Rs 414 apiece. PFC Financial Performance PFC reported that its revenue from operations stood at Rs 20,170 crore in Q4 FY25, up 10 per cent YoY from Rs 20,074 crore in Q4 FY24. PAT grew by 13 per cent to Rs 7,017 crore in Q4 FY25, against Rs 6,184 crore in Q4 FY24. PFC has released its Q4 results, showing a solid performance for the fiscal year 2024-25. The company's consolidated revenue from operations reached Rs 85,517.85 crore, reflecting a year-on-year growth of 10.25% from Rs 77,568.30 crore in the previous fiscal year 2023-24. Additionally, the estimated EBITDA for FY 2024-25 stands at approximately Rs 52,594.68 crore, up by 10.6% compared to Rs 47,561.74 crore in FY 2023-24. This estimation is derived from the Profit Before Tax (PBT) in addition to depreciation and finance costs, as EBITDA is not explicitly stated. Moreover, PFC's Profit After Tax (PAT) for FY 2024-25 has increased to Rs 24,224.88 crore, marking a significant growth of 14.38% over Rs 21,179.71 crore reported in FY 2023-24. These figures highlight a robust financial performance, showcasing considerable progress in revenue, EBITDA, and PAT year-on-year. First Published: May 22, 2025, 13:52 IST
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.'
Business Standard
21-05-2025
- Business
- Business Standard
Power Finance Corporation consolidated net profit rises 12.31% in the March 2025 quarter
Sales rise 20.46% to Rs 28988.16 crore Net profit of Power Finance Corporation rose 12.31% to Rs 6316.45 crore in the quarter ended March 2025 as against Rs 5624.36 crore during the previous quarter ended March 2024. Sales rose 20.46% to Rs 28988.16 crore in the quarter ended March 2025 as against Rs 24064.14 crore during the previous quarter ended March 2024. For the full year,net profit rose 16.34% to Rs 22990.81 crore in the year ended March 2025 as against Rs 19761.16 crore during the previous year ended March 2024. Sales rose 16.82% to Rs 105717.48 crore in the year ended March 2025 as against Rs 90495.28 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 28988.1624064.14 20 105717.4890495.28 17 OPM % 93.60102.77 - 97.68101.14 - PBDT 10570.099611.85 10 38687.8433641.52 15 PBT 10554.339597.00 10 38632.1633588.12 15 NP 6316.455624.36 12 22990.8119761.16 16
