State-owned lender to the energy sector, Power Finance Corporation (PFC), has reported consolidated revenue from operations of ₹289.20 billion (~$3.03 billion) in the fourth quarter (Q4) of the financial year (FY) 2026, down 1.2% year-over-year (YoY) from ₹292.65 billion (~$3.06 billion).

The company’s consolidated net profit rose 2.9% YoY to ₹85.98 billion (~$899.33 million) from ₹83.58 billion (~$874.26 million).

Diluted earnings per share stood at ₹21.21 (~$0.221), compared to ₹19.14 (~$0.199) a year earlier.

FY 2026

For FY 2026, revenue from operations rose 8.4% YoY to ₹1.15 trillion (~$12.08 billion) from ₹1.07 trillion (~$11.14 billion).

Consolidated net profit increased 10.2% YoY to ₹336.25 billion (~$3.52 billion) from ₹305.14 billion (~$3.19 billion).

Diluted earnings per share stood at ₹78.49 (~$0.819) in FY 2026, compared to ₹69.67 (~$0.727) in FY 2025.

PFC’s consolidated loan asset book stood at ₹11.64 trillion (~$121.73 billion) as of March 31, 2026. The company’s consolidated net worth rose 12% YoY to ₹1.73 trillion (~$18.14 billion).

The company said its consolidated balance sheet size exceeded ₹12 trillion (~$125.52 billion), making the PFC Group the largest non-banking financial company in India.

Its consolidated net credit impaired asset ratio fell to 0.13% from 0.38% a year earlier.

PFC’s loan assets stood at ₹5.80 trillion (~$60.68 billion) as of March 31, 2026, compared to ₹5.43 trillion (~$56.81 billion) a year earlier.

Disbursements stood at ₹1.65 trillion (~$17.30 billion) in FY 2026, compared to ₹1.68 trillion (~$17.60 billion) in FY 2025.

The company’s renewable energy loan book rose to ₹901.35 billion (~$9.43 billion) from ₹810.31 billion (~$8.48 billion) a year earlier. Renewable energy accounted for 16% of PFC’s loan book and 32% of its outstanding generation loan book.

PFC said it had supported around 66 GW of renewable energy capacity, equivalent to about 24% of India’s non-fossil fuel-based installed capacity, by the end of FY 2026.

The loan book included ₹2.78 trillion (~$29.06 billion) toward generation, ₹420.29 billion (~$4.40 billion) toward transmission, ₹1.94 trillion (~$20.25 billion) toward distribution, ₹520.76 billion (~$5.45 billion) toward infrastructure and logistics, and ₹145.84 billion (~$1.53 billion) toward other segments.

Government sector loans accounted for 76% of the loan book, while private sector loans accounted for 24%.

Recently, PFC’s board approved a plan to borrow up to ₹1.6 trillion (~$17.16 billion) from domestic and international markets through a wide range of instruments for FY 2026-27.

PFC had announced that its merger with REC Limited was moving ahead in full steam, with execution plans being laid out to meet the statutory and regulatory requirements.