Power Finance Corporation Ltd. Q3 FY2026 results: revenue ₹29,095 crore, up 8.6% on the year
Power Finance Corporation Ltd. (PFC) reported consolidated revenue from operations of ₹29,095 crore for Q3 FY2026, the quarter ended 31 December 2025, up 8.6% on the same quarter a year earlier. Profit after tax was ₹8,212 crore, up 5.8% on the year, and earnings per share ₹19.07. The figures are the company's own, from the un-audited results it filed with NSE on 5 February 2026.
The quarter, against the one before and a year earlier
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 29,095 | 28,890 | 26,798 | +8.6% |
| Other income | 46 | 11 | 24 | +92.3% |
| Total income | 29,141 | 28,901 | 26,822 | +8.6% |
| Cost of materials consumed | 0 | 0 | 0 | n/a |
| Purchases of stock-in-trade | 0 | 0 | 0 | n/a |
| Changes in inventories | 0 | 0 | 0 | n/a |
| Employee benefit expense | 152 | 142 | 123 | +23.7% |
| Finance costs | 17,572 | 17,314 | 16,560 | +6.1% |
| Depreciation, depletion and amortisation | 18 | 15 | 15 | +22.5% |
| Other expenses | 456 | 88 | 350 | +30.1% |
| Total expenses | 18,621 | 18,844 | 17,006 | +9.5% |
| Profit before exceptional items and tax | 10,520 | 10,057 | 9,816 | +7.2% |
| Exceptional items | -18 | 0 | 0 | n/a |
| Profit before tax | 10,502 | 10,057 | 9,816 | +7.0% |
| Current tax | 2,125 | 2,282 | 2,001 | +6.2% |
| Deferred tax | 164 | -59 | 56 | +192.6% |
| Total tax | 2,290 | 2,223 | 2,057 | +11.3% |
| Profit after tax | 8,212 | 7,834 | 7,760 | +5.8% |
| Attributable to owners of the parent | 6,292 | 5,743 | 5,829 | +8.0% |
| Other comprehensive income | 317 | 644 | 172 | +84.5% |
| Total comprehensive income | 8,529 | 8,479 | 7,931 | +7.5% |
| EPS, basic | n/a | n/a | ₹17.66 | n/a |
| EPS, diluted | n/a | n/a | ₹17.66 | n/a |
₹ crore except per share.
Leverage, as the company states it
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Debt to equity | 5.68 | 5.85 | n/a |
Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.
Quarterly results, the last 12 quarters
| Q2 FY2022 | Q2 FY2023 | Q4 FY2023 | Q1 FY2024 | Q3 FY2024 | Q1 FY2025 | Q3 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 19,268 | 19,336 | 20,061 | 20,992 | 236 | 24,717 | 26,798 | 28,539 | 28,890 | 29,095 | 28,920 | 28,527 |
| Expenses | 12,967 | 12,740 | 12,312 | 13,600 | 156 | 15,843 | 17,006 | 17,430 | 18,844 | 18,621 | 17,765 | 17,303 |
| Operating profit | 17,545 | 18,020 | 20,400 | 21,074 | 228 | 24,405 | 26,367 | 28,327 | 27,376 | 28,064 | 28,504 | 28,492 |
| OPM % | 91% | 93% | 102% | 100% | 97% | 99% | 98% | 99% | 95% | 96% | 99% | 100% |
| Other income | 15 | 8 | 13 | 9 | 0 | 20 | 24 | 90 | 11 | 46 | -63 | 36 |
| Interest | 11,235 | 11,413 | 12,637 | 13,670 | 148 | 15,519 | 16,560 | 17,204 | 17,314 | 17,572 | 17,333 | 17,250 |
| Depreciation | 9 | 12 | 14 | 12 | 0 | 12 | 15 | 14 | 15 | 18 | 16 | 18 |
| Exceptional items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18 | 0 | 0 |
| Profit before tax | 6,316 | 6,604 | 7,762 | 7,401 | 80 | 8,894 | 9,816 | 11,199 | 10,057 | 10,502 | 11,092 | 11,260 |
| Tax % | 20% | 21% | 21% | 19% | 21% | 19% | 21% | 20% | 22% | 22% | 22% | 20% |
| Net profit | 5,023 | 5,229 | 6,129 | 5,982 | 63 | 7,182 | 7,760 | 8,981 | 7,834 | 8,212 | 8,598 | 8,998 |
| EPS in ₹ | ₹14.20 | ₹14.91 | ₹17.71 | ₹17.33 | ₹14.33 | ₹16.80 | ₹17.66 | ₹20.81 | ₹17.40 | ₹19.07 | ₹21.21 | ₹21.25 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Un-audited consolidated results for the quarter ended 31 December 2025, filed with NSE on 5 February 2026: the result statement. All of Power Finance Corporation Ltd.'s results: NSE company page.
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