Power Finance Corporation PFC
State power lender and REC's parent; its PFC Consulting arm is a bid-process coordinator for ISTS TBCB projects
Mapped in 1 theme: Power Transmission & Grid.
Where Power Finance Corporation sits in the supply chain
Power Finance Corporation appears in 1 supply-chain layer in one theme, Power Transmission & Grid.
Power Transmission & Grid › Power markets & grid finance
EnablerOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 76,262 | 77,568 | 91,508 | 1,06,502 | 1,15,450 |
| Net profit | 18,768 | 21,179 | 26,461 | 30,514 | 33,625 |
Latest-year revenue ₹1.15L Cr (FY26, company-wide).
Note: Lender: enabler, not a grid owner.
Strengths
- Largest power-sector lender; earns from both loans and bid-process fees
- Holds a controlling stake in REC
Risks
- Concentrated exposure to state utilities and private gencos
- Transmission is a minority of its loans
Common questions
What does Power Finance Corporation do?
State power lender and REC's parent; its PFC Consulting arm is a bid-process coordinator for ISTS TBCB projects.
Where does Power Finance Corporation sit in the supply chain?
Power Finance Corporation (NSE: PFC) is mapped in 1 supply-chain layer: Power markets & grid finance (Power Transmission & Grid).
Who are Power Finance Corporation's peers?
In the Power markets & grid finance layer of Power Transmission & Grid: Indian Energy Exchange, PTC India, REC and Grid Controller of India (Grid-India) (not NSE-listed).
What is Power Finance Corporation's market cap and valuation?
As of 6 Nov 2026: market cap ₹1.08L Cr, P/E 4.1x, ROCE 9.7%, ROE 20.7%, dividend yield 5.64%.