PFC Group is the highest profit making NBFC both on a consolidated and on a stand-alone basis. It has achieved record profits in FY24. Profit increased by 24% to Rs. 14,367 crores. This strong performance is backed by a 14% growth in loan portfolio while retaining a strong asset quality. Net NPA levels reduced from 1.07% in previous financial year to 0.85% currently. The final dividend of Rs. 2.50 per share has been proposed. With this, the total dividend for FY’24 would be Rs. 13.50 per share.

Renewable loan portfolio grew 25% year on year to over Rs. 60,000 crores. PFC Group registered the highest annual PAT with 25% increase – Rs. 21,179 crores in FY’23 to Rs. 26,461 crores in FY’24. PFC Group continues to be the largest NBFC Group in India with total balance sheet size crossing more than Rs.10 lakh crore in FY’24 – The current balance sheet size is 10.39 lakh crores. 16% growth in consolidated loan asset book from Rs. 8,57,500 crores as on 31.03.2023 to Rs. 9,90,824 crores as on 31.03.2024.

About the author: IE&M Team
IE&M Team
Indian Economy & Market is an Indian media and information platform producing data-backed news and analysis on all the vital elements at the intersection of the economy, stock markets, mutual fund, insurance, commodities, currency, technology, startups and business.

More articles by the author

Table of Contents