{"id":68002,"date":"2021-06-15T16:24:36","date_gmt":"2021-06-15T10:54:36","guid":{"rendered":"https:\/\/newsmakhani.com\/?p=68002"},"modified":"2021-06-15T16:24:36","modified_gmt":"2021-06-15T10:54:36","slug":"power-finance-corporation-logs-highest-ever-net-profit-of-rs-8444-cr-for-fy-21-up-49-on-y-o-y-basis","status":"publish","type":"post","link":"https:\/\/newsnarad.com\/hi\/power-finance-corporation-logs-highest-ever-net-profit-of-rs-8444-cr-for-fy-21-up-49-on-y-o-y-basis\/","title":{"rendered":"Power Finance Corporation logs highest ever net profit of Rs 8,444 cr for FY 21, up 49% on Y-o-Y basis"},"content":{"rendered":"

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Delhi 15 JUN 2021<\/strong><\/div>\n

Power Finance Corporation (PFC) non-banking financial firm under Ministry of Power records highest ever net profit of 8,444 cr for FY 21, up 49% on year on year (Y-o-Y) basis.<\/p>\n

    \n
  • Highest Annual Profit after tax ( PAT\u00a0)\u00a0of Rs.8,444 cr.<\/li>\n<\/ul>\n
      \n
    • 49% jump in Standalone Profit After Tax from FY \u201920 . PAT at Rs.8,444 cr. for FY\u201921. Vs Rs.5,655 cr. in FY \u201920<\/li>\n
    • 28% increase in Net Interest Income from FY\u201920 \u2013 Net Interest Income at Rs. 12,951 cr. for FY\u201921 vs.Rs.10,097 cr. in FY \u201920<\/li>\n
    • Dividend of Rs.2 declared per share. Thus, in FY 21, PFC has given a total dividend of Rs. 10 per share i.e. 100%.<\/li>\n
    • Aided by profit growth, PFC\u2019s net worth for FY 21 is up by 16% to Rs.52,393 cr. and has crossed the fifty thousand mark.<\/li>\n
    • 25% Stressed Book Resolved in FY 21:<\/li>\n
    • Gross NPA ratio saw a sharp reduction of 238 bps from FY\u201920. The current GNPA ratio is at 5.70% against 8.08% inFY\u201920.<\/li>\n<\/ul>\n
        \n
      • Lowest Net NPA levels in past 4 years. Net NPA ratio saw a sharp reduction of 171 bps from FY\u201920. The current Net NPA ratio is at 2.09% against 3.80% in FY\u201920.<\/li>\n
      • The Capital Adequacy Ratio of the Company has also improved sequentially to 18.83% as on 31st March 2021. The capital adequacy is at a comfortable level with sufficient cushion over & above the prescribed regulatory limits.<\/li>\n<\/ul>\n

         <\/p>\n

        FY\u201921 Vs FY\u201920<\/u><\/strong><\/p>\n

         <\/p>\n

          \n
        • 66% increase in consolidated Profit After Tax from FY\u201920 – PAT at Rs. 15,716 cr. for FY\u201921 vs. Rs.9,477cr. for FY\u201920.<\/li>\n
        • Loan Asset book grows at 12% – Loan asset book for FY 21 at Rs.7, 45, 189 cr. vs. Rs.6,67,330 cr. in FY\u201920<\/li>\n
        • Reduction in consolidated net NPA ratio to 1.91% in FY 21 from 3.57% in FY\u201920 due to resolution of stressed assets.<\/li>\n
        • Reduction in consolidated Gross NPA ratio to 5.29% in FY 21 from 7.36% in FY\u201920 due to resolution of stressed assets.<\/li>\n<\/ul>\n

          Liquidity support to Discoms under Aatma Nirbhar Bharat Abhiyaan<\/u><\/strong><\/p>\n

            \n
          • Under the Aatma Nirbhar Discoms liquidity support announced by the GOI, PFC & its subsidiary REC combined together, have so far sanctioned Rs.1,34,782 cr. and disbursed Rs.78,855 cr.<\/li>\n<\/ul>\n

            PFC\u2019s CMD\u00a0Mr. R.S. Dhillon appreciated that\u00a0\u00a0\u00a0FY 21 results are noteworthy.\u00a0The impressive performance in\u00a0FY 21 as is evident from the highest ever profit, underlines the inherent strengths of PFC in handling adverse economic events.<\/p>","protected":false},"excerpt":{"rendered":"

            \u0915\u094d\u0937\u092e\u093e \u0915\u0930\u0947\u0902, \u092f\u0939 \u0938\u092e\u093e\u091a\u093e\u0930 \u0906\u092a\u0915\u0947 \u0905\u0928\u0941\u0930\u094b\u0927 \u0915\u0940 \u092d\u093e\u0937\u093e \u092e\u0947\u0902 \u0909\u092a\u0932\u092c\u094d\u0927 \u0928\u0939\u0940\u0902 \u0939\u0948\u0964 \u0915\u0943\u092a\u092f\u093e \u092f\u0939\u093e\u0901 \u0926\u0947\u0916\u0947\u0902\u0964 Delhi 15 JUN 2021 Power Finance Corporation (PFC) non-banking financial firm under Ministry of Power records highest ever net profit of 8,444 cr for FY 21, up 49% on year on year (Y-o-Y) basis. Highest Annual Profit after tax ( […]<\/p>\n","protected":false},"author":13,"featured_media":47731,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[109,122,24052],"tags":[35765,22142,35766,35768,35767,35764],"class_list":{"0":"post-68002","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national","8":"category-news","9":"category-power","10":"tag-liquidity-support-to-discoms-under-aatma-nirbhar-bharat-abhiyaan","11":"tag-ministry-of-power","12":"tag-npa","13":"tag-pat","14":"tag-pfc","15":"tag-power-finance-corporation"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/posts\/68002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/comments?post=68002"}],"version-history":[{"count":0,"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/posts\/68002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/media\/47731"}],"wp:attachment":[{"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/media?parent=68002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/categories?post=68002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/tags?post=68002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}