Consistent with its higher volume of operations, Power Finance Corporation’sProfit After Tax (PAT) is up by 16% from Rs.2348 crore to Rs. 2728 crore during the first half (April-September) of the current Financial year of 2018-19.
Total Income rose by 6% to reach a figure of Rs.14,382crore as against Rs.13,629 crore recorded during the same period last year. Net Loan Assets registered a growth of 14% during this period. Another significant aspect is that the Cost of Funds has come down by a whopping 25 bps i.e. from 8.32% to 8.07%. It is pertinent to mention in this context that PFC has now access to lost cost funds like 54EC Bonds the subscription to which has witnessed a quantum leap of 2 times over the previous quarter.
Disbursements are up by about 14% to Rs.30,486 crore in comparison to Rs.26,669crore registered during the same period last year. EarningPer Share (EPS) has gone up from Rs.8.9 to Rs.10.33 during this period.
Out of the total Loan Book of Rs.2,92,648 crore, Government Sector assets comprise of 82% and Private Sector about 18%. 90% of the Total Loan Assets are regular in servicing and no stress is envisaged.