Power Finance Corporation profit jumps 15% to $3.7bn

Power Finance Corporation reported consolidated profit after tax of INR 30,514 crore in FY25, up 15% year-on-year, while standalone profit rose 21% to INR 17,352 crore.

Loan assets grew 12% to INR 11,09,996 crore. Gross non-performing assets fell sharply to 1.64% from 3.02% the previous year, with net NPAs at just 0.38%.

The company's renewable energy loan book surged 35% to INR 81,031 crore, supporting 60 GW of capacity representing 27% of India's non-fossil fuel installed capacity.