PFC to disburse Rs 44K crore loans in FY'16

Written By Unknown on Rabu, 01 April 2015 | 20.07

PFC on Wednesday signed an MoU with the Ministry of Power for the financial year 2015-16. As per the pact, the company will disburse loans worth Rs 44,440 crore during the current fiscal.

State-owned lender Power Finance Corporation  plans to disburse over Rs 44,000 crore loans during the current financial year (2015-16).

PFC on Wednesday signed an MoU with the Ministry of Power for the financial year 2015-16. As per the pact, the company will disburse loans worth Rs 44,440 crore during the current fiscal.

Target of gross NPAs (non-performing assets) as percentage of loan assets has been kept as 1 percent. PFC, reported 4.83 percent rise in net profit at Rs 1,541.73 crore for the third quarter ended December 31, 2014-15, mainly on account of increase in income from operations.

It had reported net profit of Rs 1,534.31 crore in the October-December period of 2013-14 fiscal.

PFC is engaged in funding of various power projects in generation, transmission, and distribution sectors. The company's scrip closed at Rs 281.75, up 3.3 percent, on the BSE.

Power Finance stock price

On April 01, 2015, Power Finance Corporation closed at Rs 281.75, up Rs 9.00, or 3.30 percent. The 52-week high of the share was Rs 344.20 and the 52-week low was Rs 179.85.


The company's trailing 12-month (TTM) EPS was at Rs 44.01 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 6.4. The latest book value of the company is Rs 207.38 per share. At current value, the price-to-book value of the company is 1.36.


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