# Power Finance Corporation (PFC) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/pfc

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹328.8
- Change: -0.18%
- As of: 2026-11-06
- 1D return: -0.18%
- 5D return: +4.85%
- 1M return: +1.58%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

PFC (₹328.80) is trading in a defined daily bounce within a broader multi-timeframe downtrend. The daily Supertrend remains bearish, and price sits below the 50-period and 200-period moving averages, confirming the primary trend is down. However, the stock has reclaimed the 20-period EMA and SMA, with an ADX of 26.96 indicating established directional strength on the daily chart. This technical structure suggests a corrective rally rather than a trend reversal.

Participation is mixed; while a high-severity upward gap occurred on November 5 (+2.1%), the most recent close on November 6 saw a slight decline (-0.2%) with low volume participation (volume ratio 0.31), hinting at fading immediate buying pressure. Price is positioned near the middle of its 20-day range but only 10.5% above its 252-day low, reflecting significant underperformance over the last year (-14.8%).

Key levels to monitor include resistance at ₹332.47 (1.12% above) and support at ₹327.93 (pivot). A sustained break above ₹332.47 would be required to validate further upside toward ₹335.53. Conversely, failure to hold the pivot at ₹327.93 could expose the stock to lower supports at ₹324.87. With annualized volatility at +31.0% and a current drawdown of -31.7%, risk remains elevated.

- Trend Conflict: Daily trend shows established strength (ADX 26.96) with price above 20-period EMAs/SMA, but weekly and monthly structures remain firmly bearish with price below all major moving averages and Supertrends.
- Price Positioning: Trading at ₹328.80, the stock is 1.12% below immediate resistance at ₹332.47 and 0.26% above pivot support at ₹327.93. It sits 10.5% above its 252-day low, indicating it is still near historical lows despite recent bounces.
- Momentum & Participation: Recent activity includes a high-severity upward gap on Nov 5 (+2.1%) followed by a low-volume pullback on Nov 6 (-0.2%, volume ratio 0.31), suggesting cautious sentiment and lack of strong conviction in the current move.
- Risk Metrics: Annualized volatility is +31.0% with a current drawdown of -31.7%. The stock has declined -14.8% over the past year and -29.1% over six months, highlighting persistent downside pressure.

- Bullish Engulfing Reversal
- Outside Bar
- Inside Bar

### News Context

Power Finance Corporation (PFC) announced a second interim dividend of ₹4.10 per share for FY27, with a record date of November 17 and payment expected by December 12. This follows Q2FY27 results released on November 4, which showed a marginal 2% year-on-year decline in net profit to ₹7,681.51 crore due to higher expenses. Despite the profit dip, shares rallied approximately 5% over three trading sessions, closing at ₹329.50 on November 5. Third-party analysis from Livemint notes PFC’s dividend has increased 200% over five years, while Bajaj Broking identified PFC as a potential candidate for short-covering activity on November 5 based on elevated open interest and weak price action.

- Dividend Declaration: Second interim dividend of ₹4.10/share approved; record date Nov 17, payment by Dec 12.
- Q2FY27 Financials: Net profit declined 2% YoY to ₹7,681.51 crore due to higher expenses.
- Market Reaction: Shares rose ~5% over three days, closing at ₹329.50 on Nov 5.
- Derivatives Positioning: Bajaj Broking flagged PFC for potential short-covering on Nov 5 citing high open interest.

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- [PFC dividend: Up 200% in 5 yrs, Maharatna PSU's shares rally 5% in 3 days - Check dividend record date, payment timeline](https://www.livemint.com/market/stock-market-news/pfc-dividend-up-200-in-5-yrs-maharatna-psus-shares-rally-5-in-3-days-check-dividend-record-date-payment-timeline-11793884952011.html)
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### What Changed

Power Finance Corporation (PFC) has materially shifted its capital return profile with the approval of a second interim dividend of ₹4.10 per share for FY27, bringing total payouts to a level that highlights a 200% increase over five years. This corporate action was announced on November 6, 2026, following the release of Q2 results which reported a marginal 2% year-on-year decline in net profit to ₹7,681.51 crore, attributed to higher expenses. The market responded positively to the dividend news, with PFC shares rallying approximately 5% over three trading sessions to close at ₹329.50. While profitability faced slight pressure from expense growth, the sustained and growing dividend yield positions PFC among top dividend-paying stocks, reinforcing its appeal for income-focused investors despite the minor earnings dip.

- Dividend Approval: Second interim dividend of ₹4.10 per share approved for FY27, with record date set for November 17 and payment expected by December 12.
- Profitability Update: Q2 net profit declined marginally by 2% year-on-year to ₹7,681.51 crore due to higher expenses.
- Market Reaction: Shares rallied ~5% over three days, closing at ₹329.50, reflecting investor appetite for the enhanced payout.
- Yield Context: PFC’s dividend trajectory shows a 200% increase over five years, placing it among top dividend-yielding equities.

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- [Newspaper Publication-Financial Results |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/PFC2023_06112026142830_INTI06112026Signed.pdf)

### Official Filings

Power Finance Corporation (PFC) approved its un-audited financial results for the half-year ended September 30, 2026, reporting a consolidated net profit after tax of ₹7,670.49 crore. The Board declared a second interim dividend of ₹4.10 per equity share, representing 41% of face value, with a record date of November 17, 2026, and payment due by December 4, 2026. Capital raising activities remained robust, with PFC securing ₹6,643.50 crore through private placements of non-convertible securities in August and September 2026; these proceeds were fully utilized with no material deviations. A significant structural development is the ongoing merger of REC Limited into PFC, which has successfully obtained no-objection certificates from the Reserve Bank of India (October 15, 2026) and approvals from the BSE and NSE (October 19, 2026). The transaction now awaits final sanction from the Ministry of Corporate Affairs.

- Consolidated Net Profit After Tax: ₹7,670.49 crore for H1 FY 2026-27 (ended September 30, 2026).
- Dividend Declaration: Second interim dividend of ₹4.10 per equity share (41% of face value); Record Date: November 17, 2026; Payment Deadline: December 4, 2026.
- Capital Raising: Raised ₹6,643.50 crore via private placement of non-convertible securities during August–September 2026, with full utilization and no material deviations reported.
- Merger Progress: Scheme to merge REC Limited into PFC has received RBI no-objection (October 15, 2026) and stock exchange approvals (October 19, 2026); pending MCA sanction.

- [Newspaper Publication-Financial Results |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/PFC2023_06112026142830_INTI06112026Signed.pdf)
- [Outcome of Board Meeting- Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PFC2023_04112026140236_Intimation04112026signedoutcome.pdf)
- [Power Finance Corporation Limited has informed the Exchange that Board of Directors at its meeting held on November 04, 2026, declared Interim Dividend of Rs. 4.10 per equity share. |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/PFC2023_04112026141638_Intimation04112026signedoutcome.pdf)
- [Power Finance Corporation Limited has informed the Exchange that Record date for the purpose of Dividend is 17-Nov-2026. |SUBJECT: Record Date](https://nsearchives.nseindia.com/corporate/PFC2023_04112026141809_Intimation04112026signedoutcome.pdf)
- [Financial Results Updates |SUBJECT: Financial Results Updates](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_04112026151140_FinalQ2result.pdf)
- [Disclosure under Regulation 52(4) |SUBJECT: Disclosure under Regulation 52(4)](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_04112026151629_FinalQ2result.pdf)
- [Statement of deviation/variation in use of Issue proceeds |SUBJECT: Statement of deviation/variation in use of Issue proceeds](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_04112026152717_FinalQ2result.pdf)
- [Statement of utilization of issue proceeds |SUBJECT: Statement of utilization of issue proceeds](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_04112026152919_FinalQ2result.pdf)
- [Security Cover |SUBJECT: Security Cover](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_04112026153340_FinalQ2result.pdf)
- [Disclosure under Regulation 52(6) |SUBJECT: Disclosure under Regulation 52(6)](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_04112026154719_FinalQ2result.pdf)

### Fundamentals

Power Finance Corporation (PFC) demonstrates consistent top-line expansion with total income rising to ₹29,234 crore in Q2 FY2026-27, up from ₹28,563 crore in Q1. However, profitability softened sequentially; net profit declined to ₹7,682 crore from ₹8,998 crore in the prior quarter. This contraction was driven by a rise in finance costs to ₹18,058 crore and an impairment reversal of only ₹172 crore, compared to a significant negative impairment (credit benefit) of ₹1,523 crore in Q1. Despite this quarterly dip, underlying earnings quality remains robust, evidenced by a stable Return on Equity (ROE) of 21% over the last three years and a financing margin improvement to 37% in FY2026. The balance sheet continues to expand, with total assets reaching ₹12,73,787 crore as of September 2026, supported by loan book growth to ₹11,79,805 crore. While promoter holding is stable at 55.99%, Foreign Institutional Investors (FIIs) saw a slight reduction in stake to 17.83%.

- Q2 FY2026-27 net profit fell 15% sequentially to ₹7,682 crore due to higher finance costs (₹18,058 crore) and reduced credit benefits.
- Income grew to ₹29,234 crore in Q2, maintaining a positive sequential trajectory alongside a 3-year ROE stability at 21%.
- Balance sheet expanded with total assets at ₹12,73,787 crore and loans at ₹11,79,805 crore as of Sep 2026.
- FII holding decreased slightly to 17.83% in Sep 2026, while promoter holding remained constant at 55.99%.

### Bull Case

Power Finance (PFC) presents a conditional upside case anchored by aggressive capital return and potential technical unwinding, despite bearish trend indicators. The company approved a second interim dividend of ₹4.10 per share for FY27, with a record date of November 17 and payment expected by December 12. This follows a 200% increase in dividends over the past five years, reinforcing PFC’s status as a high-yield Maharatna PSU. Additionally, Q2FY27 net profit remained resilient at ₹7,681.51 crore, showing only a marginal 2% year-on-year decline despite higher expenses. From a market structure perspective, PFC was identified as a candidate for short-covering activity on November 5 due to elevated open interest and weak price action, which previously triggered a 5% rally over three sessions to close at ₹329.50. While the stock trades in a bearish trend with a current drawdown of -31.7%, these factors provide a constructive foundation focused on income generation and mean-reversion mechanics rather than growth momentum.

- PFC approved a second interim dividend of ₹4.10 per share for FY27 (record date: Nov 17; payment: Dec 12), continuing a 200% dividend growth trajectory over five years.
- Q2FY27 net profit held steady at ₹7,681.51 crore, reflecting resilience with only a 2% YoY decline despite rising expenses.
- The stock was flagged for potential short-covering on Nov 5, leading to a 5% rally over three days to ₹329.50, suggesting sensitivity to derivative positioning.
- Current technicals remain bearish across daily and weekly timeframes, with a -31.7% drawdown, requiring monitoring of support levels near ₹324.87.

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- [Newspaper Publication-Financial Results |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/PFC2023_06112026142830_INTI06112026Signed.pdf)
- [Outcome of Board Meeting- Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PFC2023_04112026140236_Intimation04112026signedoutcome.pdf)
- [Power Finance Corporation Limited has informed the Exchange that Board of Directors at its meeting held on November 04, 2026, declared Interim Dividend of Rs. 4.10 per equity share. |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/PFC2023_04112026141638_Intimation04112026signedoutcome.pdf)
- [Power Finance Corporation Limited has informed the Exchange that Record date for the purpose of Dividend is 17-Nov-2026. |SUBJECT: Record Date](https://nsearchives.nseindia.com/corporate/PFC2023_04112026141809_Intimation04112026signedoutcome.pdf)
- [Financial Results Updates |SUBJECT: Financial Results Updates](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_04112026151140_FinalQ2result.pdf)

### Bear Case

Power Finance Corporation faces near-term technical weakness and recent earnings pressure. The stock has declined 14.8% over the past year and is down 9.5% year-to-date, with a current drawdown of -31.7% against a maximum historical drawdown of -34.9%. Technical indicators across daily, weekly, and monthly timeframes are uniformly bearish, with the Supertrend signaling downside pressure and the 50-day moving average slope steeply negative at -4.3. While Q2FY27 net profit showed only a marginal 2% year-on-year decline to ₹7,681.51 crore despite higher expenses, the broader market context includes potential short-covering volatility identified by brokers for November 5. The company maintains a strong dividend profile, having approved a second interim dividend of ₹4.10 per share for FY27, but the combination of significant price depreciation and bearish momentum suggests caution for investors monitoring entry points or existing positions.

- Technical trends are bearish across daily, weekly, and monthly charts, with the Supertrend indicating downward pressure and the 50-day SMA slope at -4.3.
- The stock has underperformed significantly, posting a -14.8% return over one year and a -9.5% year-to-date decline, with a current drawdown of -31.7%.
- Q2FY27 net profit contracted marginally by 2% year-on-year to ₹7,681.51 crore, attributed to higher expenses.
- Brokers have flagged PFC as a candidate for short-covering activity due to elevated open interest and weak price action, introducing potential volatility.

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- [Newspaper Publication-Financial Results |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/PFC2023_06112026142830_INTI06112026Signed.pdf)
- [Outcome of Board Meeting- Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PFC2023_04112026140236_Intimation04112026signedoutcome.pdf)
- [Power Finance Corporation Limited has informed the Exchange that Board of Directors at its meeting held on November 04, 2026, declared Interim Dividend of Rs. 4.10 per equity share. |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/PFC2023_04112026141638_Intimation04112026signedoutcome.pdf)
- [Power Finance Corporation Limited has informed the Exchange that Record date for the purpose of Dividend is 17-Nov-2026. |SUBJECT: Record Date](https://nsearchives.nseindia.com/corporate/PFC2023_04112026141809_Intimation04112026signedoutcome.pdf)
- [Financial Results Updates |SUBJECT: Financial Results Updates](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_04112026151140_FinalQ2result.pdf)

### FAQs

**What dividend has PFC declared for FY27, and when will it be paid?**

PFC’s Board approved a second interim dividend of ₹4.10 per equity share on November 4, 2026. The record date is set for November 17, 2026, with payment expected by December 12, 2026. This follows the company's Q2 results reporting a net profit of ₹7,681.51 crore.

**How has PFC's stock price performed recently relative to its dividend announcement?**

Shares rallied approximately 5% over three trading sessions following the dividend news, closing at ₹329.50 before settling at ₹328.80 on November 6. Despite this short-term gain, the stock remains in a bearish technical trend, down -14.8% over the past year and currently -31.7% from its peak.

**Is there any update on the merger between PFC and REC?**

Yes. Official filings confirm that PFC has received no-objection certificates from the Reserve Bank of India (RBI), BSE, and NSE regarding the Scheme of Merger of REC Limited into PFC. This indicates regulatory progress toward the consolidation of the two entities.

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- [Newspaper Publication-Financial Results |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/PFC2023_06112026142830_INTI06112026Signed.pdf)
- [Outcome of Board Meeting- Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PFC2023_04112026140236_Intimation04112026signedoutcome.pdf)
- [Power Finance Corporation Limited has informed the Exchange that Board of Directors at its meeting held on November 04, 2026, declared Interim Dividend of Rs. 4.10 per equity share. |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/PFC2023_04112026141638_Intimation04112026signedoutcome.pdf)
- [Power Finance Corporation Limited has informed the Exchange that Record date for the purpose of Dividend is 17-Nov-2026. |SUBJECT: Record Date](https://nsearchives.nseindia.com/corporate/PFC2023_04112026141809_Intimation04112026signedoutcome.pdf)
- [Financial Results Updates |SUBJECT: Financial Results Updates](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_04112026151140_FinalQ2result.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹327.93
- Risk regime: Higher Price Risk

### Support levels
- 311.82500000000005
- 324.8666666666667
- 320.3333333333333

### Resistance levels
- 402.39970703125005
- 411.03671875
- 420.4245239257813

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.18% |
| return_10 | +4.05% |
| return_1m | +1.92% |
| return_1y | -14.84% |
| return_20 | +1.58% |
| return_3m | -21.34% |
| return_5 | +4.85% |
| return_6m | -29.12% |
| return_since_start | -26.66% |
| return_ytd | -9.46% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -34.86% |
| annualized_volatility | +31.02% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Power Finance Corporation Limited Q2 FY2026-27: Profit Before Tax Drops 13% QoQ

Power Finance Corporation’s revenue from operations rose 1.8% quarter on quarter to ₹29,044 crore in Q2 FY2026-27, but profit before tax fell 13.1% to ₹9,781 crore. Expenses increased 12.4%, while impairment moved from a reversal in Q1 to a charge in Q2. Year on year, revenue was up 0.5% and profit before tax was down 2.7%.

## Revenue and expenses

Revenue from operations was ₹29,044 crore, compared with ₹28,527 crore in Q1 FY2026-27 and ₹28,890 crore in Q2 FY2025-26. Interest earned rose 1.4% QoQ to ₹28,339 crore and 1.0% YoY. Fees and commission income was ₹316 crore, and revenue from sale of services was ₹345 crore.

Expenses rose to ₹19,453 crore from ₹17,303 crore in Q1 and were 3.2% higher than the ₹18,844 crore reported in Q2 FY2025-26. Finance costs increased 4.7% QoQ to ₹18,058 crore. Employee benefit expense was ₹152 crore and depreciation was ₹16 crore.

## Impairment shifted from reversal to charge

Impairment on financial instruments was a charge of ₹172 crore in Q2, compared with a reversal of ₹1,523 crore in Q1. This ₹1,695 crore quarter-on-quarter swing coincided with the increase in reported expenses and the decline in profit before tax.

## Profit and earnings per share

Profit before tax was ₹9,781 crore, down 13.1% from ₹11,260 crore in Q1 FY2026-27 and 2.7% from ₹10,057 crore in Q2 FY2025-26. Tax expense declined to ₹2,100 crore from ₹2,262 crore in Q1. Q2 tax comprised current tax of ₹2,116 crore and a deferred tax credit of ₹16 crore; Q1 included a deferred tax charge of ₹67 crore.

Profit for the period fell 14.6% QoQ to ₹7,682 crore. Of this, ₹6,034 crore was attributable to owners of the parent and ₹1,647 crore to non-controlling interests. Basic and diluted EPS were ₹18.29, down 13.9% from ₹21.25 in Q1 but 5.1% higher than ₹17.40 in Q2 FY2025-26. Trailing 12-month EPS was ₹79.82.

## Loan book and balance sheet

Loans stood at ₹11,79,805 crore as of 30 September 2026, compared with ₹11,53,255 crore as of 31 March 2026 and ₹11,26,319 crore as of 30 September 2025. Financial assets were ₹12,65,741 crore and total assets were ₹12,73,787 crore at quarter-end. Investments were ₹15,438 crore. Derivative financial instrument assets were ₹35,236 crore, compared with ₹30,588 crore at 31 March 2026.

Equity attributable to owners of the parent was ₹1,46,874 crore at 30 September 2026, up from ₹1,32,861 crore at 31 March 2026 and ₹1,26,986 crore a year earlier.

## Cash flows and balances

Cash flow from operating activities was ₹1,349 crore and cash flow from investing activities was ₹65 crore; reported free cash flow was ₹1,415 crore. Financing cash flow was negative ₹1,344 crore. Cash and cash equivalents stood at ₹1,138 crore at 30 September 2026, down from ₹1,409 crore at 31 March 2026 and ₹5,262 crore at 30 September 2025. Other bank balances were ₹3,925 crore, up from ₹3,263 crore at 31 March 2026.

## Key Takeaway

PFC’s lending balances and revenue continued to rise, but Q2 profit before tax and EPS fell sequentially as expenses increased and the prior quarter’s impairment reversal gave way to a charge. The loan book and parent-attributable equity were higher than at the March year-end.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +55.99%
- FII holding: +17.83%
- DII holding: +15.77%
- Mutual fund holding: +8.99%
- Retail holding: +6.50%
- Promoter pledged: +0.00%

### Major reported shareholders

- PRESIDENT OF INDIA — +55.99%
- LICI PENSION PLUS NON UNIT FUND — +4.39%
- KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK NIFTY NEXT — +1.91%
- NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA RET — +1.74%
- HDFC MUTUAL FUND - HDFC BSE 500 ETF — +1.07%

## Official filings

- 2026-11-06 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PFC2023_06112026142830_INTI06112026Signed.pdf)
- 2026-11-04 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PFC2023_04112026140236_Intimation04112026signedoutcome.pdf)
- 2026-11-04 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PFC2023_04112026141638_Intimation04112026signedoutcome.pdf)
- 2026-11-04 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PFC2023_04112026141809_Intimation04112026signedoutcome.pdf)
- 2026-11-04 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_04112026151140_FinalQ2result.pdf)
- 2026-11-04 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_04112026151629_FinalQ2result.pdf)
- 2026-11-04 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_04112026152717_FinalQ2result.pdf)
- 2026-11-04 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_04112026152919_FinalQ2result.pdf)
- 2026-11-04 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_04112026153340_FinalQ2result.pdf)
- 2026-11-04 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_04112026154719_FinalQ2result.pdf)
- 2026-11-04 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PFC2023_04112026163027_Intimation04112026incorpSigned.pdf)
- 2026-11-04 — Financial Results Filing: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_NBFC_INDAS_1752680_04112026045535_WEB.xml)
- 2026-11-04 — Financial Results Filing: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_NBFC_INDAS_1752690_04112026045908_WEB.xml)
- 2026-11-04 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_2536_WebXMLFile_20261104_170305110.xml)
- 2026-11-04 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_2536_WebXMLFile_20261104_170836400.xml)
- 2026-11-04 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PFC2023_04112026171347_Intimation04112026namechangeSigned.pdf)
- 2026-11-03 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/PFC1_03112026152726_Comp_254.pdf)
- 2026-10-30 — Board Meeting Notice: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PFC2023_30102026155727_Intimation30102026Signed.pdf)
- 2026-10-30 — Board Meeting Notice: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PFC2023_30102026155846_Intimation30102026Signed.pdf)
- 2026-10-30 — Board Meeting Notice: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2536_WebXMLFile_20261030_161028362.xml)
- 2026-10-30 — Board Meeting Notice: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2536_WebXMLFile_20261030_161242382.xml)
- 2026-10-30 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2536_WebXMLFile_20261030_161028362.xml)
- 2026-10-30 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2536_WebXMLFile_20261030_161242382.xml)
- 2026-10-29 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PFC2023_29102026130812_Intimation29102026Signed.pdf)
- 2026-10-24 — Generic Announcement: Power Finance Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PFC2023_24102026141947_Intimation24102026Signed.pdf)

## News and market events

- 2026-11-05 — Mint: **Dividend stocks: Coal India, TCS, HUDCO, HCL Tech, GAIL among top 10 dividend paying stocks - Check yield, annual return | Stock Market News** — Livemint highlights Coal India, TCS, HUDCO, HCL Tech, and GAIL among the top ten dividend-paying stocks based on their annual yields. The report details specific payout figures and yield percentages for these entities, including Coal India's 6.72% yield and ONGC's 5.76%, to illustrate immediate cash returns relative to share prices. — [Source](https://www.livemint.com/market/stock-market-news/dividend-stocks-coal-india-tcs-hudco-hcl-tech-gail-among-top-10-dividend-paying-stocks-check-yield-annual-return-11793892901046.html)
- 2026-11-05 — Mint: **PFC dividend: Up 200% in 5 yrs, Maharatna PSU's shares rally 5% in 3 days - Check dividend record date, payment timeline** — Power Finance Corporation approved a second interim dividend of ₹4.10 per share for FY27, with a record date set for November 17 and payment expected by December 12. This announcement followed the release of Q2 results showing a marginal 2% year-on-year decline in net profit to ₹7,681.51 crore due to higher expenses. Consequently, PFC shares rallied approximately 5% over three trading sessions, closing at ₹329.50. — [Source](https://www.livemint.com/market/stock-market-news/pfc-dividend-up-200-in-5-yrs-maharatna-psus-shares-rally-5-in-3-days-check-dividend-record-date-payment-timeline-11793884952011.html)
- 2026-11-05 — BUSINESSTODAY: **Stock market today: Suzlon, PB Fintech, PFC, Mazagon among 17 stocks that may see short covering** — Bajaj Broking identified 17 F&O stocks, including Suzlon Energy, UPL, and PFC, as potential candidates for short-covering activity on November 5, citing a strong gap-up opening in Gift Nifty and derivative metrics showing elevated open interest alongside weak price action. The brokerage highlighted that stocks like UPL and Policybazaar exhibit positioning conditions that could trigger unwinding of short bets, while also noting breakout or resistance scenarios for other equities based on call open interest levels. Bajaj Broking cautioned that these observations are informational, do not constit — [Source](https://www.businesstoday.in/markets/stocks/story/stock-market-today-suzlon-pb-fintech-pfc-mazagon-among-17-stocks-that-may-see-short-covering-565792-2026-11-05)
- 2026-11-04 — CNBC-TV18: **Q2 Results Live Updates: BSE, Apollo, IRCON, PFC report today; NSE, MCX react to numbers** — On November 4, approximately 75 companies including Nifty 50 constituents Apollo Hospitals and BSE are reporting their Q2 results alongside numerous broader market names. The article notes that stocks such as NSE, MCX, Lupin, and others are reacting to these earnings releases. This update provides a live feed of the reported numbers, management commentary, and brokerage calls for investors. — [Source](https://www.cnbctv18.com/market/q2-results-live-updates-nse-bse-mcx-apollo-hospitals-bata-aurobindo-dabur-pfc-pi-premier-exide-grse-hudco-ircon-dam-lupin-share-price-liveblog-20026491.htm)
- 2026-11-04 — Mint: **Top stocks to watch today:  BSE, Nykaa, NSE, SBI, IEX shares in focus on Wednesday, 4 Nov | Full list** — The Indian stock market is expected to open lower on November 4, breaking a four-session winning streak, as GIFT Nifty signals a weak start for domestic benchmarks. Several stocks including BSE, Nykaa, Lenskart, NSE, SBI, and IEX are in focus due to scheduled Q2FY27 earnings releases and operational updates. Key reported results include a 23% YoY rise in NSE's PAT, a 14% growth in SBI's standalone net profit, and a 130% jump in MCX's consolidated net profit. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-bse-nykaa-nse-sbi-iex-shares-in-focus-on-wednesday-4-nov-full-list-11793755813757.html)
- 2026-11-01 — Mint: **Cash rewards coming? PFC, CONCOR, RITES, to Sonata- These firms to announce dividend with Q2 results 2026 this week** — Multiple companies including Power Finance Corporation, Container Corporation of India Limited, RITES, and Sonata Software are scheduled to hold board meetings this week to announce Q2FY27 results and potentially approve dividends. — [Source](https://www.livemint.com/market/stock-market-news/cash-rewards-coming-pfc-concor-rites-pfc-to-sonata-these-firms-to-announce-dividend-with-q2-results-2026-this-week-11793537407103.html)
- 2026-10-28 — BUSINESSTODAY: **MPW 2026: Here are the women leaders breaking barriers** — Parminder ChopraChairman & Managing Director, Power Finance Corporation Ltd. — [Source](https://www.businesstoday.in/magazine/profile/story/mpw-2026-here-are-the-women-leaders-breaking-barriers-564347-2026-10-28)
- 2026-10-27 — Mint: **Top dividend stocks to buy: PTC India, CESC, Vedanta, Coal India, HPCL offer up to 24% yield. Check full list here** — Axis Securities' dividend-yield report highlights PTC India at 24% and CESC at 10% among small-cap stocks. Vedanta and Coal India each yielded 7% among large caps, while HPCL led the PSU category at 7%. Dividend yield can fluctuate and should not be treated alone as an investment measure. — [Source](https://www.livemint.com/market/stock-market-news/top-dividend-stocks-to-buy-ptc-india-cesc-vedanta-coal-india-hpcl-offer-up-to-24-yield-check-full-list-here-11793085342244.html)
- 2026-10-27 — BUSINESSTODAY: **Top dividend yield stocks: Vedanta, Coal India, Indian Oil, BPCL among brokerage's list of companies** — Vedanta, Coal India, Indian Oil Corporation and Bharat Petroleum Corporation Ltd (BPCL) are among the companies featuring in Axis Direct's list of high dividend-yield stocks.The domestic brokerage, in its recent report, has identified companies across the large-cap, mid-cap, small-cap and PSU categories with dividend yields of up to 24 per cent over the past 12 months.Large-cap stocks with high dividend yieldsVedanta and Coal India top the large-cap list, with dividend yields of 7 per cent each over the last 12 months, according to the report. — [Source](https://www.businesstoday.in/markets/stocks/story/top-dividend-yield-stocks-vedanta-coal-india-indian-oil-bpcl-among-brokerages-list-of-companies-563855-2026-10-27)
- 2026-10-26 — CNBC-TV18: **REC Q2 results: Net profit falls 21% to ₹3,478 crore, declares interim dividend** — REC reported a 21.2% year-on-year decline in Q2 FY27 net profit to ₹3,478 crore, while net interest income fell 9% to ₹5,478 crore. The company also announced interim dividend. — [Source](https://www.cnbctv18.com/market/rec-share-price-q2-results-net-profit-revenue-declares-interim-dividend-20019558.htm)
- 2026-10-26 — MONEYCONTROL: **Finance ministry reviewing PFC-REC merger, cabinet approval soon** — Finance ministry reviewing PFC-REC merger, cabinet approval soon comments have been incorporated. — [Source](https://www.moneycontrol.com/news/business/finance-ministry-reviewing-pfc-rec-merger-cabinet-approval-soon-14060348.html)
- 2026-10-16 — The Hindu: **RBI gives NoC to PFC-REC merger** — REC gets RBI NoC for merging into PFC, creating a ₹11 lakh crore loan book financing entity. — [Source](https://www.thehindubusinessline.com/companies/rbi-gives-noc-to-pfc-rec-merger/article71591605.ece)
- 2026-10-16 — The Hindu: **Stock Market Highlights, Oct 16: Sensex gains 413 pts, Nifty ends at 23,146 led by IT stocks** — Sensex Today, Nifty 50 | Stock Market Highlights: Find here all the highlights related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 16th October 2026. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-highlights-16-october-2026/article71587755.ece)
- 2026-10-07 — Mint: **Top dividend stocks: PTC India, Coal India, REC among 10 dividend stocks with yields of up to 16.7%** — PTC India leads with a dividend yield of 16.7%, highest among 10 stocks. The company declared two interim dividends in 2026 and proposed a final dividend. Other top dividend-yielding companies include Coal India at 6.3% and REC at 6.1% as per October 2026 analysis. — [Source](https://www.livemint.com/market/stock-market-news/top-dividend-stocks-ptc-india-coal-india-rec-among-10-dividend-stocks-with-yields-of-up-to-167-11791361850077.html)
- 2026-09-29 — BUSINESSTODAY: **Dividend stocks: These 10 counters offer up to 9.7% yield; PTC India, Coal India, REC among top names** — Dividend stocks, high dividend yield stocks, dividend paying stocks, PTC India, Coal India, REC, ONGC, Gujarat Pipavav Port, Power Finance Corporation, PFC, TCS, HCL Technologies, GAIL India, Petronet LNG, PSU dividend stocks, dividend income, stock market, Indian stocks, dividend yield, FY26 dividend, Religare Broking — [Source](https://www.businesstoday.in/markets/stocks/story/dividend-stocks-these-10-counters-offer-up-to-9-7-yield-ptc-india-coal-india-rec-among-top-names-558461-2026-09-29)
- 2026-09-28 — Mint: **Top stocks in focus tomorrow: Investors must watch HCL Tech, NCC, IRFC, Power Mech shares on Tue, 29 Sept | Triggers** — Investors will focus on HCL Technologies, NLC India, Power Mech Projects, and others following recent business developments and contracts. Key announcements include HCL's acquisition of Robotiq.ai and NCC's ₹1,076.71 crore water supply contract in Andhra Pradesh. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-in-focus-tomorrow-investors-must-watch-hcl-tech-ncc-irfc-power-mech-shares-on-tue-29-sept-triggers-11790605116716.html)
- 2026-09-23 — MONEYCONTROL: **Prime Focus arm Brahma AI raises $150 mn at $2-bn valuation from Multiples Private Equity** — Prime Focus, Brahma AI, Multiples PE — [Source](https://www.moneycontrol.com/news/business/markets/prime-focus-arm-brahma-ai-raises-150-mn-at-2-bn-valuation-from-multiples-private-equity-14036123.html)
- 2026-09-17 — Mint: **Five safe dividend stocks to beat inflation in India** — With inflation putting pressure on purchasing power, here are 5 dividend stocks with strong payout histories and healthy yields. — [Source](https://www.livemint.com/market/stock-market-news/dividend-stocks-in-india-best-dividend-stocks-high-dividend-yield-stocks-11789555861801.html)
- 2026-09-12 — Orissa POST: **RBI rejects Tata Sons' bid to surrender NBFC licence, setting stage for mandatory listing - OrissaPOST** — Mumbai: The Reserve Bank has rejected Tata Sons’ application to surrender its core investment company registration, killing the Tata Group holding company’s attempt to avoid a mandatory stock-market listing and setting the stage for it to become publicly traded, sources said Saturday. The rejection was conveyed in a letter received by Tata Sons’ company secretary […] — [Source](https://www.orissapost.com/rbi-rejects-tata-sons-bid-to-surrender-nbfc-licence-setting-stage-for-mandatory-listing)
- 2026-09-03 — CNBC-TV18: **Dividend hunters, take note: These 10 stocks offer nearly 10% yield** — TCS, HCLTech, GAIL, and ONGC feature among 10 stocks offering some of the highest dividend yields based on FY26 adjusted payouts. PTC India leads the list at nearly 10%, followed by Coal India and REC. — [Source](https://www.cnbctv18.com/photos/market/dividend-stocks-tcs-hcltech-gail-rec-ongc-ptc-india-offer-up-to-10-pc-yield-report-19983365.htm)
- 2026-09-03 — BUSINESS: **Volumes soar at Elgi Equipments Ltd counter** — Elgi Equipments Ltd recorded volume of 6.62 lakh shares by 10:46 IST on BSE, a 22.76 times surge over two-week average daily volume of 29096 shares — [Source](https://www.business-standard.com/markets/capital-market-news/volumes-soar-at-elgi-equipments-ltd-counter-126090300304_1.html)
- 2026-08-26 — CNBC-TV18: **AI data centres could lift India's annual power demand growth from 5.5% to 6%: Bernstein** — Bernstein's Nikhil Nigania says AI-driven data centers could lift India's power demand growth to 6% annually, while a renewable tender priced below thermal power marks a shift in the sector. He also flags loan book pressure at PFC and REC. His top picks span L&T, JSW Energy, NTPC and Adani Green. — [Source](https://www.cnbctv18.com/market/bernstein-artificial-intelligence-data-centers-india-power-demand-growth-6-jsw-energy-larsen-toubro-ntpc-pfc-rec-thermal-solar-energy-19977337.htm)
- 2026-08-25 — BUSINESSTODAY: **PFC, REC shares: Why Bernstein sees 37-41% upside for two Maharatna PSU stocks** — PFC share price, REC share price: PFC Bernstein target, REC Bernstein target, Maharatna PSU stocks, PSU stocks, PFC target, REC target — [Source](https://www.businesstoday.in/markets/stocks/story/pfc-rec-shares-why-bernstein-sees-37-41-upside-for-two-maharatna-psu-stocks-551111-2026-08-25)
- 2026-08-20 — Economic Times: **Power Finance Corporation and REC shares fall up to 3% after Morgan Stanley downgrade** — PFC and REC shares fell on Thursday after Morgan Stanley downgraded both stocks to Equal-Weight and cut their target prices. The brokerage flagged slower loan growth and lowered earnings estimates for FY28 and FY29. The downgrade comes ahead of the proposed PFC-REC merger, with both stocks already under pressure. — [Source](https://cfo.economictimes.indiatimes.com/news/power-finance-corporation-and-rec-shares-fall-up-to-3-after-morgan-stanley-downgrade/133373124)
- 2026-08-20 — Economic Times: **Power Finance Corporation and REC shares fall up to 3% after Morgan Stanley downgrade** — PFC and REC shares fell on Thursday after Morgan Stanley downgraded both stocks to Equal-Weight and cut their target prices. The brokerage flagged slower loan growth and lowered earnings estimates for FY28 and FY29. The downgrade comes ahead of the proposed PFC-REC merger, with both stocks already under pressure. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/power-finance-corporation-and-rec-shares-fall-up-to-3-after-morgan-stanley-downgrade/articleshow/133367186.cms)

## Business profile

**Strategic vision:** Provides financial assistance across the power value chain.

### Business segments
- **Fund-Based Products:** Offers various loans and financing solutions for power and related infrastructure projects, including conventional power, renewable energy, transmission, distribution, and non-power infrastructure.
- **Non-Fund-Based Products:** Provides support for project execution and financial structuring without direct lending, including Letters of Undertaking, Guarantees, and Letters of Comfort.
- **Consultancy Services:** Offers non-fund-based consultancy and advisory services through subsidiaries, covering transaction advisory, project development, smart solutions, and procurement of power.

### Competitive strengths
- Position as a specialized financial institution in the power sector.
- Lean and professionally managed organization structure.
- Recognition as a Maharatna Central Public Sector Enterprise.
- ISO 9001:2015 and ISO 45001:2018 certifications.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/pfc
Markdown representation: https://faxioms.com/stocks/pfc?render=md