Power Finance Corporation Q1 FY27 Share Price & Earnings Call Analysis
Part of: Nifty Next 50 · Nifty 100 · Nifty Financial Services · Nifty PSE · Nifty Dividend Opportunities 50 · Nifty 200 · +3 more
- Market cap
- ₹1.11L Cr
- P/E
- 4.20
- ROE
- 20.69%
- PEG
- 0.24
- Price to sales
- 0.96
- Debt to equity
- 6.94
- 52W high / low
- ₹481 / ₹314
- Sales growth (5Y)
- 10.01%
- EBITDA margin
- 97.53%
- Net profit margin
- 29.15%
- Promoter holding
- 55.99%
- Sales (last year)
- ₹1.16L Cr
Power Finance Corporation Limited is a Systemically Important Non-Deposit taking NBFC registered with the RBI as an Infrastructure Finance Company. It is engaged in extending financial assistance to the Indian power sector. [1]
Guidance scorecard · Q1 FY27 call
What Power Finance Corporation's management guided
and where it ranks in Finance
Finance
RevenueQ4 FY26 call
10–20%- Increasing shift in loan mix from conventional (thermal) to non-fossil fuel (renewable) projects; expected future mix approximately 70% conventional and 30% renewable.
- Growth supported by improving DISCOM performance and reduction in AT&C losses.
- Competitive market with other financial institutions also active but sufficient headroom for growth exists.
2 more points from Power Finance Corporation's call on revenue
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MarginsQ4 FY26 call
FlatSee what Power Finance Corporation said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Power Finance Corporation (PFC) is focusing on financing emerging technologies including battery and pump storage projects, having sanctioned around INR 16,000 crores towards these areas, indicating strategic investment in energy storage solutions.
- There is a shift in loan asset mix from fossil fuels to non-fossil fuel categories and distribution sector, aiming for around a 70-30 mix of conventional (thermal) and renewable energy capacities in the future.
- PFC is funding the solar value chain, manufacturing of solar and wind equipment aligned with the Atmanirbhar Bharat initiative.
- The company is also involved in bioethanol projects to reduce dependence on petrol and diesel and is funding electric vehicles, anticipating increased power demand due to EV growth.
- Infrastructure sector funding will contribute incrementally to loan growth, with a targeted loan growth of around 10% in FY27.
2 more points from Power Finance Corporation's call on capex
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FundraisingQ4 FY26 call
PlannedSee what Power Finance Corporation said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
- The total unsanctioned (pending) loan book, i.e., sanctioned but not disbursed amount, is broadly estimated to be around INR 2.5 to 3 lakh crores.
- For FY26, sanctions were around INR 2.85 lakh crores.
- Disbursements for FY26 were INR 1.65 lakh crores, which is about one-third of the sanction pool in recent years, indicating a significant spillover in the orderbook.
2 more points from Power Finance Corporation's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Finance
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Finance companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹2,826 Cr | 59.9 | |
| 2 | 40%+ | Up 2%+ | ₹844 Cr | — | |
| 3 | 40%+ | Flat | ₹41,424 Cr | 38.1 | |
| 4 | 40%+ | Flat | ₹16,712 Cr | — | |
| 5 | 40%+ | Flat | ₹7,256 Cr | 19.1 | |
| 6 | 40%+ | Flat | ₹948 Cr | 28.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Finance rankingPower Finance Corporation announcements
All announcements →- Acquisition / mergerNotablePFC receives NSE, BSE no-objection letters for proposed merger with REC
- Acquisition / mergerNotablePower Finance Corporation Ltd receives RBI no objection for merger with REC Limited
- Acquisition / mergerNotablePower Finance Corporation approves merger scheme with REC Limited
- Acquisition / mergerNotablePower Finance Corporation Ltd announces Presidential approval for REC merger
- Acquisition / mergerNotablePower Finance Corporation board approves proposal for merger with REC Limited
Financials of Power Finance Corporation
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Power Finance Corporation
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 55.99% | 55.99% | 55.99% | 55.99% | 55.99% | 55.99% | 55.99% | 55.99% | 55.99% | 55.99% | 55.99% | 55.99% |
| FIIs + | 17.85% | 17.19% | 17.93% | 17.74% | 18.04% | 18.84% | 18.66% | 18.84% | 18.33% | 19.64% | 20.54% | 17.83% |
| DIIs + | 17.47% | 18.21% | 17.04% | 17.43% | 17.16% | 16.17% | 16.11% | 16.04% | 15.48% | 15.05% | 14.50% | 15.77% |
| Public + | 8.66% | 8.58% | 9.04% | 8.83% | 8.80% | 8.97% | 9.21% | 9.13% | 10.18% | 9.32% | 8.96% | 10.42% |
| No. of Shareholders | 5,97,315 | 7,07,579 | 10,04,152 | 10,34,391 | 10,91,108 | 11,26,259 | 11,28,203 | 10,97,217 | 11,30,351 | 10,54,196 | 10,04,992 | 10,58,025 |
Financials of Power Finance Corporation
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 22,391 | 23,572 | 24,141 | 24,717 | 25,722 | 26,798 | 29,265 | 28,539 | 28,890 | 29,095 | 28,920 | 28,527 | 29,044 |
| YoY Revenue growth | +16% | +20% | +20% | +18% | +15% | +14% | +21% | +15% | +12% | +9% | -1% | -0% | +1% |
| Interest | 14,313 | 14,827 | 15,154 | 15,521 | 16,008 | 16,562 | 16,567 | 17,204 | 17,314 | 17,572 | 17,333 | 17,250 | 18,058 |
| Expenses + | -551 | 791 | -589 | 310 | 366 | 429 | 2,148 | 212 | 1,515 | 1,031 | 416 | 35 | 1,379 |
| Financing Profit | 8,629 | 7,954 | 9,577 | 8,886 | 9,348 | 9,807 | 10,550 | 11,123 | 10,062 | 10,492 | 11,170 | 11,242 | 9,607 |
| Financing Margin % | 39% | 34% | 40% | 36% | 36% | 37% | 36% | 39% | 35% | 36% | 39% | 39% | 33% |
| Other Income + | 13 | 22 | 35 | 20 | 33 | 24 | 20 | 90 | 11 | 27 | -63 | 36 | 190 |
| Depreciation | 13 | 14 | 15 | 12 | 13 | 15 | 16 | 14 | 15 | 18 | 16 | 18 | 16 |
| Profit before tax | 8,629 | 7,961 | 9,597 | 8,894 | 9,368 | 9,816 | 10,554 | 11,199 | 10,057 | 10,502 | 11,092 | 11,260 | 9,781 |
| Tax % | 23% | 21% | 21% | 19% | 23% | 21% | 21% | 20% | 22% | 22% | 22% | 20% | 21% |
| Net Profit + | 6,628 | 6,294 | 7,556 | 7,182 | 7,215 | 7,760 | 8,358 | 8,981 | 7,834 | 8,212 | 8,598 | 8,998 | 7,682 |
| EPS in Rs | 14.65 | 14.33 | 17.04 | 16.80 | 16.07 | 17.66 | 19.14 | 20.81 | 17.40 | 19.07 | 21.21 | 21.25 | 18.29 |
| Gross NPA % | 3.40% | 3.13% | 3.02% | 2.97% | 2.62% | 2.30% | 1.64% | 1.47% | 1.45% | 1.26% | 0.66% | 0.66% | 0.55% |
| Net NPA % | 0.98% | 0.86% | 0.85% | 0.84% | 0.80% | 0.73% | 0.38% | 0.31% | 0.30% | 0.23% | 0.13% | 0.13% | 0.13% |
Financials of Power Finance Corporation
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 24,988 | 27,861 | 27,581 | 48,624 | 54,106 | 62,189 | 71,656 | 76,262 | 77,568 | 91,508 | 106,502 | 115,450 | 115,586 |
| Revenue growth | +17% | +11% | -1% | +76% | +11% | +15% | +15% | +6% | +2% | +18% | +16% | +8% | +2% |
| Interest | 15,456 | 16,657 | 16,768 | 30,289 | 34,627 | 40,845 | 44,684 | 44,709 | 47,017 | 57,968 | 64,644 | 69,415 | 70,214 |
| Expenses + | 1,103 | 2,042 | 5,538 | 6,583 | 1,696 | 7,332 | 7,102 | 8,215 | 4,051 | -33 | 3,255 | 3,171 | 2,861 |
| Financing Profit | 8,429 | 9,162 | 5,275 | 11,752 | 17,783 | 14,012 | 19,871 | 23,338 | 26,501 | 33,573 | 38,603 | 42,864 | 42,511 |
| Financing Margin % | 34% | 33% | 19% | 24% | 33% | 23% | 28% | 31% | 34% | 37% | 36% | 37% | 37% |
| Other Income + | 25 | 25 | 30 | 42 | 94 | 105 | 46 | 79 | 47 | 69 | 85 | 49 | 191 |
| Depreciation | 8 | 20 | 41 | 15 | 15 | 24 | 25 | 35 | 52 | 53 | 56 | 63 | 68 |
| Profit before tax | 8,446 | 9,167 | 5,264 | 11,779 | 17,862 | 14,093 | 19,891 | 23,382 | 26,496 | 33,588 | 38,632 | 42,850 | 42,635 |
| Tax % | 29% | 33% | 58% | 25% | 29% | 33% | 21% | 20% | 20% | 21% | 21% | 22% | |
| Net Profit + | 6,004 | 6,184 | 2,236 | 8,797 | 12,640 | 9,477 | 15,716 | 18,768 | 21,179 | 26,461 | 30,514 | 33,625 | 33,489 |
| EPS in Rs | 18.19 | 18.74 | 6.78 | 20.27 | 30.06 | 21.58 | 35.60 | 42.47 | 48.15 | 59.88 | 69.67 | 78.49 | 79.82 |
| Dividend Payout % | 20% | 30% | 59% | 31% | 0% | 35% | 22% | 23% | 22% | 23% | 23% | 24% |
Financials of Power Finance Corporation
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1,320 | 1,320 | 2,640 | 2,640 | 2,640 | 2,640 | 2,640 | 2,640 | 2,640 | 3,300 | 3,300 | 3,300 | 3,300 |
| Reserves | 31,091 | 34,708 | 34,205 | 37,194 | 44,481 | 46,760 | 58,127 | 69,036 | 81,518 | 97,847 | 114,438 | 129,561 | 143,574 |
| Borrowing | 187,795 | 200,660 | 202,993 | 441,151 | 539,488 | 596,561 | 659,682 | 660,476 | 751,158 | 861,961 | 971,758 | 1,012,503 | 1,018,872 |
| Other Liabilities + | 8,705 | 10,531 | 19,700 | 41,546 | 42,260 | 48,560 | 55,257 | 58,848 | 60,796 | 75,770 | 88,590 | 99,214 | 108,040 |
| Total Liabilities | 228,912 | 247,220 | 259,537 | 522,531 | 628,869 | 694,521 | 775,707 | 791,000 | 896,112 | 1,038,877 | 1,178,086 | 1,244,579 | 1,273,787 |
| Fixed Assets + | 102 | 198 | 296 | 161 | 196 | 238 | 341 | 719 | 782 | 764 | 761 | 755 | 753 |
| CWIP | 2 | 47 | 105 | 129 | 199 | 288 | 336 | 53 | 22 | 39 | 88 | 144 | 147 |
| Investments | 528 | 2,230 | 3,145 | 5,493 | 4,604 | 4,404 | 3,499 | 3,774 | 5,973 | 10,971 | 12,792 | 15,549 | 15,438 |
| Other Assets + | 228,280 | 244,745 | 255,990 | 516,749 | 623,871 | 689,590 | 771,530 | 786,454 | 889,334 | 1,027,102 | 1,164,445 | 1,228,131 | 1,257,449 |
| Total Assets | 228,912 | 247,220 | 259,537 | 522,531 | 628,869 | 694,521 | 775,707 | 791,000 | 896,112 | 1,038,877 | 1,178,086 | 1,244,579 | 1,273,787 |
Financials of Power Finance Corporation
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -21,455 | -13,298 | 1,795 | -57,148 | -80,252 | -42,148 | -59,143 | 4,904 | -74,699 | -97,820 | -92,270 | -4,504 |
| Cash from Investing Activity + | -491 | -1,973 | -667 | 1,409 | -13,463 | -73 | 1,741 | -547 | -1,694 | -3,409 | -2,212 | -3,441 |
| Cash from Financing Activity + | 26,916 | 10,383 | 1,950 | 52,018 | 93,616 | 43,399 | 60,424 | -8,371 | 75,518 | 101,261 | 94,159 | 9,265 |
| Net Cash Flow | 4,970 | -4,888 | 3,079 | -3,720 | -98 | 1,179 | 3,023 | -4,014 | -874 | 32 | -323 | 1,319 |
| Free Cash Flow | -21,498 | -13,456 | 1,614 | -57,237 | -80,351 | -42,277 | -59,234 | 4,604 | -74,821 | -98,143 | -93,110 | -4,841 |
Financials of Power Finance Corporation
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 20% | 18% | 6% | 17% | 23% | 15% | 21% | 21% | 20% | 21% | 21% | 21% |
Guidance history
How Power Finance Corporation's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 10–20% | Flat | Planned | Planned | — |
| Q4 FY25 call → | 0–10% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
13 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,937 stocks |
|---|---|---|
| Last 12 months | −10.4% | 41% |
| Last 6 months | −25.0% | 7% |
| Last 3 months | −11.1% | 28% |
The price is 39.8% below its all-time high of ₹555.15 (12 Jul 2024). Stocks more than 20% below their peak have their score halved, so 25 became 13.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,937 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Power Finance Corporation: 0.4 × 41 + 0.4 × 7 + 0.2 × 28 = 25, halved to 13 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 13 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Power Finance Corporation's management said in earlier quarters
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