Power Finance Corp Q4 PAT Jumps 20% YoY to Rs 5,624 Cr in Q4 FY24

Power Finance Corporation reported a consolidated net profit of 5,624.36 crore rupees up 20.26% in Q4 FY24 against 4,676.71 crore rupees in Q4 FY23. 

Sequentially, revenue from operations rose 21.10% to 24,064.14 crore rupees in the quarter ended March 2024 compared to 19,871.84 crore rupees during the previous quarter ended March 2023.

Key Takeaways from Power Finance Corp Performance:

• Consolidated net profit of 5,624.36 crore rupees up 20.26%.
• Revenue from operations rose 21.10% to 24,064.14 crore rupees.

Further, consolidated net profit for the full year rose 24.37% to 19,761.16 crore rupees in the year ending March 2024 against 15,889.33 crore rupees given the previous year ended March 2023.

Total sales rose 17.30% to 90,495.28 crore rupees in the year ended March 2024 against 77,147.72 crore rupees during the previous year ended March 2023.

About Power Finance Corporation Limited:

Power Finance Corporation Limited established in 1986, is an Indian central public sector undertaking under the ownership of the Ministry of Power, Government of India. It is the financial backbone of the Indian power sector. Power Finance Corporation is the 8th highest profit-making Central Public Sector Undertaking (CPSU) and India's largest NBFC. The government has raised the status of Power Finance Corporation from 'Navratna' to 'Maharatna' PSU on 12 October 2021.

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