PFC shares rally as board approves second interim dividend for FY27
Power Finance Corporation shares rose on Thursday following the announcement of its second quarter results and a dividend payout.
Power Finance Corporation (PFC) shares closed higher on Thursday, following the announcement of its second quarter results for the financial year 2026-27, according to Mint.
The Maharatna PSU's board of directors approved a second interim dividend of ₹4.10 per equity share, which is 41 per cent of the ₹10 face value. The payout will be subject to tax deducted at source (TDS).
The company has fixed Tuesday, November 17, 2026, as the record date to determine shareholder eligibility for the dividend. The payout is estimated to be made on or before December 4, 2026.
PFC reported a net profit of ₹7,681.51 crore in the September quarter of FY27, a 2 per cent year-on-year decline from the ₹7,834.39 crore recorded in the same quarter of the previous financial year. The company cited higher expenses for the decline.
The total income for the quarter was ₹29,234.42 crore, which was marginally higher than the ₹28,901.10 crore recorded in the same period last year.
The stock closed 2.36 per cent higher at ₹329.50 per share on the BSE on Thursday. The share price has surged nearly 5 per cent over the last three trading sessions and has delivered a 200 per cent return over the last five years.