Power Finance Corporation Limited · NSE:PFC
Power Finance — Q4 FY2025 Earnings Presentation
33 slides from Power Finance's earnings presentation, May 21, 2025
Slide 1: Cover letter to stock exchanges: presentation for analyst/investor meet
q1q'( 4>1��fl cl>'f41��1"1 fcltile.'5 POWER FINANCE CORPORATION LTD. (1ITTTI � cpl �) (A Govt. of India Undertaking) (�-�.3ll. 45001:2018 >11'llfu@) (ISO 45001:2018 Certified) No: 1:05:138: I: CS Dated: 21.05.2025 National Stock Exchange of India Ltd, BSE Limited, Listing Department, Exchange Plaza,
Slide 2: Performance Highlights, Quarter ended 31st March 2025
Funding for a brighter Tomorrow Performance Highlights Quarter ended 31st March 2025 Power Finance Corporation Ltd. A Maharatna PSU
Slide 3: Table of Contents
A PFC AT A GLANCE Powering Nation’s Development PFC Group Structure PFC Financing Progress PFC ESG Vision Table of B CONSOLIDATED PERFORMANCE Contents Consolidated Highlights Key Consolidated Financials C STANDALONE PERFORMANCE Highlights Earning Update Asset Quality Operational Performance Sharehol
Slide 4: PFC at a Glance
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Slide 5: Powering Nation's Development
PFC IFSC subsidiary is Majority owned Highest Profit Powering by Government of making NBFC in the first company in power & infra lending India India* Nation’s space in IFSC GIFT City Development Largest NBFC Group in India Government’s key financial partner for #36 in Fortune 500 AAA rated NBFC driv
Slide 6: PFC Group Structure
PFC Group Structure PFC Consulting 100% 100 % PFC Infra Finance 100% IFSC Subsidiaries 100 REC Ltd. 52.63% % Power Finance Corporation 100 % Ultra Mega 47.15 100% % Power Projects Associates 52.63 % 5
Slide 7: PFC Financing Progress - Milestone by Milestone
PFC Financing Progress - Milestone by Milestone From its incorporation in 1986, till date, PFC has achieved multiple milestones, from its IPO in 2007 to its first green bond issue, to doubling of its loan portfolio in less than a decade Incorporated Acquired majority FPO, GOI - INR 4 trillion in loa
Slide 8: ESG At PFC
ESG At PFC Vision- Powering Progress through Sustainability PFC is committed to playing a leading role in shaping a sustainable and resilient future for India. PFC’s ESG vision rests on three pillars: Pillar I Pillar II Pillar III Preserving Planet Promoting the Pathway towards Pursuing Prudence Inc
Slide 9: Consolidated Performance
Consolidated Performance 8
Slide 10: Consolidated Highlights
Consolidated Highlights 15% increase registered Consolidated loan asset 16% increase in The consolidated Gross in Consolidated Profit book crosses 11 lakh consolidated Net NPA Ratio under 2% After Tax (PAT) crores Worth(1) • Rs. 30,514 crores in • Rs. 11,09,996 crores as • Rs. 1,55,155 crores as on
Slide 11: Key Consolidated Financials
(Rs.’ crore) z Q4 FY 25 Q4 FY 24 FY 25 FY 24 INTEREST INCOME 28,676 23,891 1,05,001 90,085 Key Consolidated INTEREST EXPENSE 16,584 15,152 64,670 57,962 Financials NET INTEREST INCOME 12,092 8,739 40,331 32,123 PROFIT AFTER TAX 8,358 7,556 30,514 26,461 TOTAL COMPREHENSIVE 7,050 9,137 28,699 28,894
Slide 12: Standalone Performance
Standalone Performance 11
Slide 13: 1. Highlights
1.Highlights Standalone performance 12
Slide 14: FY'25 in Perspective
FY’25 in Perspective Successful resolution of KSK Mahanadi 21% increase in PAT registered for FY’25 A 3,600 MW thermal generation project with outstanding of Rs. 3,300 crores. Registered highest ever annual Profit After More than 100% recovery Tax of Rs. 17,352 crores in FY’25 vs Rs. 14,367 With thi
Slide 15: 2. Earning Update
2.Earning Update Standalone performance 14
Slide 16: Revenue & Growth
(Rs.’ crore) Q4 FY 25 Q4 FY 24 FY 25 FY 24 INTEREST INCOME 13,721 11,494 49,875 43,641 Revenue & Growth INTEREST EXPENSE 7,811 7,258 30,538 28,020 NET INTEREST INCOME 5,910 4,236 19,337 15,621 PROFIT AFTER TAX 5,109 4,135 17,352 14,367 TOTAL COMPREHENSIVE 4,850 4,549 17,051 15,755 INCOME Some figure
Slide 17: Key Ratios
(Ratios in %) FY 25 FY 24 YIELD ON EARNING ASSETS 10.02 10.01 Key Ratios COST OF FUNDS 7.44 7.37 INTEREST SPREAD ON EARNING ASSETS 2.58 2.64 NET INTEREST MARGIN ON EARNING 3.64 3.46 ASSETS CRAR 22.08 25.41 NET WORTH (SHARE CAPITAL + ALL Rs.90,937 cr. Rs.79,203 cr. RESERVES) Some figures may have bee
Slide 18: 3. Asset Quality
3. Asset Quality Standalone performance 17
Slide 19: Asset Synopsis - FY'25
Asset Synopsis –FY’25 Gross NPA Ratio reaches 80% provisioning maintained below 2% at 1.94% on NPA assets (Stage-III) Loan Assets Rs.5,43,120 cr. Government Sector 77% Disbursements Rs.1,68,265cr. Majority Lending To Govt. Sector Net NPA Ratio 0.39 % Private Sector 23% Assets under advance stages of
Slide 20: Robust Asset Quality
Robust Asset Quality Net NPA Ratio at 0.39% 9.39% 8.08% Continuously improving asset quality 5.70% 5.61% Decreasing NPA trend 4.55% 3.91% testament to PFC’s 3.80% 3.34% successful resolution efforts 2.09% 1.94% 1.76% 1.07% 0.85% 0.39% Net NPA Ratio Gross NPA Ratio FY 19 FY 20 FY 21 FY 22 FY 23 FY 24
Slide 21: Provisioning Snapshot - 31.03.2025
Provisioning Snapshot -31.03.2025 Provisioning Status as on 31.03.2024 31.03.2025 (Rs.’ crore) 74% provisioning against Stage III 80% OUTSTANDING LOAN ASSETS Assets (NPA) STAGE III STAGE I & II STAGE III TOTAL (as % of Gross Loan Assets) Government Sector 4,20,549 NIL 4,20,549 OUTSTANDING STAGE III
Slide 22: Resolution Status - Stage III Assets
Resolution Status- Stage III Assets Rs.8,209 cr. in NCLT 10 projects Resolution status Under NCLT of Rs. 10,517 cr. 87% provision of loan assets in Stage 3 Rs.2,308 cr. resolution being pursued outside NCLT 11 projects Outside NCLT 56% provision 21
Slide 23: Resolution Update - Stage III Assets (NCLT)
Resolution Update- Stage III Assets Provisioning Status as on 31.03.2024 Major projects being resolved through NCLT 74% provisioning against Stage III Assets (NPA) Outstanding amount as on 31.03.2025 Capacity (in MW) COD Status (Rs. crores) SINNAR THERMAL POWER LTD. 3,001 1,350 Commissioned SHRI MAH
Slide 24: Resolution Update - Stage III Assets (outside NCLT)
Resolution Update- Stage III Assets Provisioning Status as on 31.03.2024 Major projects being resolved outside NCLT 74% provisioning against Stage III Assets (NPA) Outstanding amount as on 31.03.2025 Capacity (in MW) COD Status (Rs. crores) TRN Energy Pvt. Ltd. 1,139 600 Commissioned Shiga Energy Pv
Slide 25: 4. Operational Performance
4. Operational Performance Standalone performance 24
Slide 26: Loan Asset - Composition
Loan Asset- Composition (Rs.’crore) Provisioning Status as on Loan Asset Mix 31.03.2024 As on 31.03.2025 As on 31.03.2024 Gross Loan Assets 5,43,120 4,81,462 74% provisioning against Stage III Scheme Wise Infrastructure Assets (NPA) 2.31% Generation 2,53,884 2,32,131 Others 3.05% - Conventional Gene
Slide 27: Disbursement Composition
Disbursement Composition Provisioning Status as on (Rs.’crore) 31.03.2024 Q4 FY 25 Q4 FY 24 FY 25 FY 24 Amt % Amt % Amt %74% provisioning Amt against%Stage III Disbursements 67,968 100% 48,607 100% 1,68,265 100% Assets (NPA)100% 1,27,656 Scheme Wise Generation 26,232 39% 10,611 22% 55,996 33% 29,068
Slide 28: Borrowing Mix as on 31.03.2025
Borrowing Mix as on 31.03.2025 Domestic Bonds RTL from Banks/FI’s Rs.2,61,398cr. (56%) Rs. 88,877cr. (19%) Foreign Currency Borrowing Rs. 89,132 cr. (19%) Commercial Papers Rs.5,996 cr.* (1.29%) Subordinated Liabilities Rs.3,512 cr.* (0.75%) Others 54EC Bonds Rs.6,905 cr. (1.48%) Rs. 9,943 cr. (2%)
Slide 29: 5. Shareholder Outlook
5. Shareholder Outlook Standalone performance
Slide 30: Shareholder Outlook as on 31.03.2025
Shareholder Outlook as on 31.03.2025 EPS (Annualized) Rs.52.58 55.99 % 18.84 % 10.84 % President of India FIIs & FPIs Mutual Funds Price to Earning Ratio 7.88 7.25 % 4.51 % 1.02 % Resident Individuals QIB Bodies Corporate Book Value Per Share Rs.275.56 1.08 % 0.43 % 0.03 % Others Indian FIs & Banks
Slide 31: Investor Resources
Investor Resources Annual Report https://pfcindia.com/ensite/Home/VS/72 Financial results https://pfcindia.com/ensite/Home/VS/73 ESG Report https://pfcindia.com/ensite/Home/VS/10201 Join us: @pfclindia Investor https://pfcindia.com/ensite/Home/VS/10201 announcements www.pfcindia.com Investor FAQs ht
Slide 32: Contact information
Contact information Investor Relations Team investorrelations@pfcindia.com Join us: @pfclindia 54EC Bonds - 54ECinvestorcell@pfcindia.com Bond Queries Other Bonds - bondsinvestorcell@pfcindia.com www.pfcindia.com Equity Share Queries investorsgrievance@pfcindia.com 31
Slide 33: Disclaimer
Disclaimer The presentation is prepared based on consolidated/stand-alone audited financial statements of PFC for quarter ended 31.03.2025. There is a possibility of Ind AS financial results and the additional disclosures to be updated, modified or amended because of adjustments which may be require