PFC Records 59% growth during the FY 18-19

By Sarkaritel May 29, 2019 15:46

1st significant development last FY 2018-19 was acquisition of REC

PFC has successfully completed the acquisition of REC Ltd. As regards the consolidated numbers for FY 2018-19 post PFC acquisition of REC is concerned

  • Consolidated loan asset book is at Rs. 5,95,877 Crs
  • Net profit is at Rs. 12,640 Crs
  • CRAR is at 16.78%
  • Networth is at Rs. 63,484 Crs

Based on consolidated financial numbers:

  • PFC is the leading & the largest financial player for power sector funding
  • PFC is India’s 2nd highest profit-making financial organisation (behind HDFC Bank)
  • PFC is India’s 3rd highest profit-making PSU on consolidated basis
  • Further, post-acquisition, PFC continues to maintain its domestic and international credit rating
  • Post acquisition, the capital adequacy continues to be above 17% as against 15% prescribed by RBI
  • Thus, with its focussed approach, PFC has been able to effectively manage the immediate fallout of acquisition
  • PFC believes that with acquisition of REC, it is poised for higher growth rate
By Sarkaritel May 29, 2019 15:46