Power Finance Corporation Limited · NSE:PFC
Power Finance — Q1 FY18 Earnings Presentation
17 slides from Power Finance's earnings presentation, Jun 30, 2017
Slide 1: Performance Highlights Quarter Ended 30th June, 2017
Funding for a Brighter Tomorrow…. Power Finance Corporation Limited A Navratna PSU Performance Highlights Quarter Ended (Standalone, Un-Audited) 30th June, 2017
Slide 2: Highlights – Q1 FY18 vs. Q1 FY17
Highlights – Q1 FY18 vs. Q1 FY17 Sanctions increased by 47% to ` 50,922 crore from ` 34,613 crore Disbursements increased by 66% to ` 12,849 crore from ` 7,754 crore Loan Assets (Net) increased by 10% to ` 2,47,139 crore from ` 2,24,970 crore Net Worth (Share Capital + All Reserves) increased by 2%
Slide 3: Profit & Loss Account
Profit & Loss Account (Y/E – March, ` crore) Income Statement# Q1 FY18 Q1 FY17 FY17 FY16 Interest Income 6,897 7,152 26,688 27,288 Interest Expense (4,133) (4,169) (16,326) (16,091) Net Interest Income 2,764 2,983 10,362 11,197 Other Income * 9 7 129 106 Operating Costs (204) (202) (354) (293) Provi
Slide 4: Balance Sheet
Balance Sheet (Y/E – March, ` crore) Liabilities 30.06.2017 30.06.2016 31.03.2017 31.03.2016 Shareholders' Funds 37,978 37,141 36,470 35,766 Non-Current Liabilities Long-term Borrowing 1,72,306 1,60,741 174,841 172,550 Deferred Tax Liabilities (net) 238 418 251 302 Other Liabilities 5,988 524 6,143
Slide 5: Balance Sheet
Balance Sheet (Y/E – March, ` crore) Assets 30.06.2017 30.06.2016 31.03.2017 31.03.2016 Non-Current Assets Fixed Assets 63 63 63 64 Non-Current Investments 2,266 2,267 2,266 2,267 Long-term Loans 2,11,500 1,77,876 200,333 200,036 Other Assets 5,447 321 5,451 315 Current Assets Current Investments 1,
Slide 6: Key Indicators
Key Indicators (Y/E – March, ` crore) Key Indicators Q1 FY18 Q1 FY17 FY17 FY16 Sanctions (excluding R-APDRP) 50,922 34,613 100,603 65,042 R-APDRP Scheme – Sanctions 100 1,574 3,045 19,747 Disbursements (excluding R-APDRP) 12,849 7,754 62,798 46,588 R-APDRP Scheme- Disbursements 724 657 3,914 995 Out
Slide 7: Key Indicators
Key Indicators (Y/E – March, ` crore) Key Indicators Q1 FY18 Q1 FY17 FY17 FY16 Return on Average Assets * 2.20% 2.79% 0.84% 2.57% Net worth (share capital + Free Reserves) (` in Crore) 33,344 33,268 32,021 32,046 Net worth (share capital + All Reserves) (` in Crore) 37,978 37,141 36,470 35,766 Retur
Slide 8: Sanctions – Composition
Sanctions – Composition (Y/E – March, ` crore) Sanctions Q1 FY18 Q1 FY17 FY17 FY16 Discipline-wise Amount % Amount % Amount % Amount % Generation 39,462 77% 27,929 81% 41,794 42% 38,235 59% Transmission 1,225 2% 430 1% 16,666 17% 6,050 9% Distribution # 4,100 8% 39 0% 5,697 6% 4,513 7% Others* 6,135
Slide 9: Outstanding Sanctions as at 30.06.2017
Outstanding Sanctions as at 30.06.2017 (Y/E – March, ` crore) O/S Sanctions where Total Outstanding Particulars doc. executed & disb. doc. executed but disb. doc. not executed Sanctions commenced not commenced Discipline-wise Generation 50,064 38,845 38,196 1,27,105 Transmission 13,958 5,041 12,195
Slide 10: Disbursements – Composition
Disbursements – Composition (Y/E – March, ` crore) Disbursements Q1 FY18 Q1 FY17 FY17 FY16 Discipline-wise Amount % Amount % Amount % Amount % Generation 5,850 46% 3,223 42% 25,767 41% 26,377 57% Transmission 747 6% 665 9% 3,605 6% 2,160 5% Distribution # 203 2% 173 2% 1,580 3% 1,546 3% Others * 6,0
Slide 11: Loan Assets – Composition
Loan Assets – Composition (Y/E – March, ` crore) Loan Assets* 30.06.2017 30.06.2016 31.03.2017 31.03.2016 Discipline-wise Amount % Amount % Amount % Amount % Generation 1,85,903 74% 1,72,977 76% 1,83,379 75% 171,740 72% Transmission 17,077 7% 14,954 7% 16,607 7% 14,613 6% Distribution 6,423 3% 6,743
Slide 12: Loan Quality & Provisions - NPAs
Loan Quality & Provisions - NPAs (Y/E – March, ` crore) Particulars 30.06.2017 30.06.2016 31.03.2017 31.03.2016 Gross NPAs 31,498 7,556 30,702 7,519 Less: Provisions 5,607 1,568 (5,356) (1,458 ) Net NPAs 25,892 5,989 25,346 6,061 As a % of Loan Assets: Gross NPAs 12.46% 3.34% 12.50% 3.15% Net NPAs 1
Slide 13: Loan Quality & Provisions – Restructured Loan Assets
Loan Quality & Provisions – Restructured Loan Assets (Y/E – March, ` crore) Particulars 30.06.2017 30.06.2016 31.03.2017 31.03.2016 Restructured Loan assets 54,595 33,540 55,441 32,263 State sector * 36,505 10,786 35,995 10,784 Private Sector 18,090 22,754 19,446 21,479 Provisions on Restructured Lo
Slide 14: Borrowing Profile
Borrowing Profile (Y/E – March, ` crore) 30.06.2017 30.06.2016 31.03.2017 31.03.2016 Borrowings Amount % Amount % Amount % Amount % Bonds 1,88,799 92% 1,71,176 88% 190,911 94% 172,339 86% Term Loans 7,240 4% 10,035 5% 9,277 5% 20,574 10% Short Term Loans 8,726 4% 13,271 7% 2,401 1% 7,572 4% Total 2,
Slide 15: Resource Profile
Resource Profile (Y/E – March, ` crore) 30.06.2017 30.06.2016 31.03.2017 31.03.2016 Resources Amount % Amount % Amount % Amount % Shareholders’ Funds 37,978 16% 37,141 16% 36,470 15% 35,766 15% Reserve for bad & doubtful debts (included in Shareholder’s 3,127 2,648 3,015 2,547 Funds) Deferred Tax Li
Slide 16: Shareholding Pattern
Shareholding Pattern Holding (%) Category 30.06.2017 30.06.2016 31.03.2017 31.03.2016 President of India 66.35% 67.80% 66.35% 67.80% FIIs & FPIs 15.65% 13.18% 15.51% 13.34% Indian FIs & Banks 8.39% 12.76% 9.51% 12.74% Bodies Corporate 1.42% 1.24% 1.44% 1.39% Resident Individuals 3.31% 2.76% 3.19% 2.
Slide 17: Thank You!
Thank You! 17 Funding for a Brighter Tomorrow….