Power Finance Corporation earnings calls.

PFC delivered a strong Q1 FY25 with standalone PAT of INR 3,718 crore, up 24Current reported value: 24. No comparable prior figure is available in the source record.% YoY, driven by improving yields (10.08%), stable spreads (2.64%), and NIM of 3.55%. Consolidated PAT stood at INR 7,182Current reported value: 7,182. No comparable prior figure is available in the source record. crore, up 20% YoY. The group loan asset book crossed INR 10,00,000 crore (INR 10,04,735 crore), growing 13% YoY, though standalone growth moderated to ~10% due to a temporary BCG-led transformation exercise affecting Q1 disbursements (INR 19,483 crore). Asset quality improved with gross NPA declining to 3.38%Current 3.38%. Reported change: -44bps YoY. (vs 3.82% in Q4 FY24) and net NPA at 0.87% (vs 1.04% YoY). Stage 2 assets rose to ~11% of outstanding (vs 7.5% in Q4), primarily from state utilities with delays in remittances. The company maintains FY25 loan growth guidance of ~14% despite Q1 disruption. Key resolutions in pipeline include KSK Mahanadi (expected >100% recovery) and Lanco Amarkantak (expected ~20% write-back). Distribution contributed 59% of Q1 disbursements while renewables accounted for 18%. Capital adequacy remains robust at 27%Current 27%. Reported change: Flat QoQ..