Power Finance Past Earnings Performance
Past criteria checks 3/6
Power Finance has been growing earnings at an average annual rate of 16.3%, while the Diversified Financial industry saw earnings growing at 16.3% annually. Revenues have been growing at an average rate of 15.9% per year. Power Finance's return on equity is 19.4%, and it has net margins of 54.3%.
Key information
16.33%
Earnings growth rate
16.33%
EPS growth rate
| Diversified Financial Industry Growth | 18.91% |
| Revenue growth rate | 15.88% |
| Return on equity | 19.39% |
| Net Margin | 54.30% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • Apr 25
PFC: Proposed Merger And Steady Interim Dividends Will Shape Future Returns
Analysts have trimmed their price target on Power Finance slightly, with fair value moving from about ₹493.85 to ₹491.15, as they factor in a marginally higher discount rate and an updated future P/E assumption while keeping revenue growth and profit margin expectations effectively unchanged. What's in the News On February 6, 2026, Power Finance Corporation Limited and REC Limited gave in principle approval for a proposed merger, with a detailed scheme to be prepared so that the combined entity remains a government company under the Companies Act, 2013 (Key Developments).Narrative Update • Apr 11
PFC: Proposed Merger And Ongoing Interim Dividends Will Support Future Returns
Analysts have trimmed their price target on Power Finance slightly to around ₹494 from about ₹498. This reflects updated assumptions around discount rates, revenue trends, margins and future P/E multiples.Narrative Update • Mar 28
PFC: Proposed Merger And Steady Interim Dividends Will Support Future Returns
Analysts now place Power Finance's price target at ₹498.08, slightly down from ₹498.21. They cite largely unchanged assumptions on revenue growth and discount rate, along with a marginally improved profit margin outlook and a small adjustment to the future P/E multiple.Narrative Update • Mar 11
PFC: Merger With REC And Ongoing Interim Dividends Will Support Returns
Analysts have slightly raised their price target for Power Finance to ₹498.21 from ₹495.14. This change reflects updated views on fair value, discount rate, revenue outlook, profit margins and future P/E assumptions.Narrative Update • Feb 25
PFC: Future Dividend Stream And REC Merger Will Support Returns
Analysts have shifted their price target for Power Finance to about ₹495 from about ₹491, reflecting updated assumptions on discount rate, revenue decline, profit margin and future P/E that slightly adjust their valuation outlook. What's in the News Power ministry set up two panels on 19 February 2026 to study the proposed merger of Power Finance Corporation Limited and REC Limited and oversee restructuring, including personnel integration, organizational structure and technology systems (Mint, via Key Developments).Narrative Update • Feb 10
PFC: Future Dividends And Proposed Merger Will Support Returns
Analysts have raised their price target for Power Finance to $491.21 from $476.21, citing a slightly lower discount rate, a smaller expected revenue decline, and a modestly reduced profit margin, along with a marginally lower assumed future P/E multiple. What's in the News PFC and REC have given in principle approval for a proposed merger, with both boards planning a detailed scheme that keeps the merged entity classified as a government company under the Companies Act, 2013 (Key Developments).Narrative Update • Jan 27
PFC: Future Dividends Will Support Returns As EESL Listing Progresses
Analysts have nudged their price target on Power Finance higher to $476.21, a move they link to slightly lower projected discount rates and a marginally reduced future P/E multiple that together refine their view of the company’s risk and earnings profile. What's in the News Energy Efficiency Services Ltd.Analysis Article • Jan 18
Investors Don't See Light At End Of Power Finance Corporation Limited's (NSE:PFC) Tunnel
When close to half the companies in India have price-to-earnings ratios (or "P/E's") above 25x, you may consider Power...Narrative Update • Jan 12
PFC: Future Dividends And EESL Listing Will Support Returns
Analysts have trimmed their price target for Power Finance, moving fair value from US$491.93 to US$476.21. This reflects slightly higher discount rate assumptions, a marginally softer revenue outlook, a modest pullback in expected profit margins, and a small reset in future P/E expectations.Narrative Update • Dec 25
PFC: Future Dividends Will Drive Returns As Core Profile Stays Resilient
Narrative Update on Power Finance Analysts have modestly refined their outlook on Power Finance, keeping the fair value estimate steady around $492 per share while making only fractional adjustments to the discount rate and earnings assumptions. These changes reflect a largely unchanged long term risk and growth profile.Analysis Article • Dec 22
Here's Why We Think Power Finance (NSE:PFC) Is Well Worth Watching
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Narrative Update • Dec 11
PFC: Future Dividends And Stable Margins Will Support Upside Potential
Analysts have modestly raised their price target on Power Finance to approximately $492 per share, reflecting a slightly higher assumed future earnings multiple while leaving core value drivers like revenue growth and profit margins effectively unchanged. What's in the News The board of directors declared a second interim dividend of INR 3.65 per equity share on a face value of INR 10 for fiscal year 2025 to 2026, with November 26, 2025 set as the record date for shareholder eligibility and dividend payment or dispatch due on or before December 6, 2025 (company filing).Narrative Update • Nov 27
PFC: Dividend Declarations And Consistent Margins Will Drive Upward Momentum
Analysts have slightly lowered their price target for Power Finance from $497.64 to $491.93, based on updated projections for revenue growth and profit margins. What's in the News The board of directors declared a second interim dividend of INR 3.65 per equity share for the fiscal year 2025-26.Narrative Update • Nov 10
PFC: Dividend Payouts And Stable Margins Will Support Future Performance
Analysts have lowered their price target for Power Finance from $513.57 to $497.64. They cite adjustments in discount rates and expectations of slightly slower revenue growth, although profit margins are expected to remain stable.Analysis Article • Sep 30
Power Finance Corporation Limited's (NSE:PFC) Shares Lagging The Market But So Is The Business
Power Finance Corporation Limited's ( NSE:PFC ) price-to-earnings (or "P/E") ratio of 5.5x might make it look like a...Analysis Article • Sep 04
Here's Why We Think Power Finance (NSE:PFC) Might Deserve Your Attention Today
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
New Narrative • Nov 10
Global Expansion And Asset Resolution Drive Growth Amidst Revenue Backslide And Sector Risks
Resolving stressed assets and securing international financing position Power Finance for improved net margins and global revenue growth.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Power Finance makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 476,965 | 259,010 | 12,280 | 0 |
| 31 Dec 25 | 499,321 | 252,184 | 11,590 | 0 |
| 30 Sep 25 | 500,380 | 247,548 | 11,729 | 0 |
| 30 Jun 25 | 488,419 | 243,139 | 12,225 | 0 |
| 31 Mar 25 | 435,269 | 229,908 | 11,622 | 0 |
| 31 Dec 24 | 414,099 | 222,987 | 12,808 | 0 |
| 30 Sep 24 | 396,351 | 211,973 | 12,006 | 0 |
| 30 Jun 24 | 397,773 | 207,280 | 10,633 | 0 |
| 31 Mar 24 | 371,030 | 197,612 | 10,097 | 0 |
| 31 Dec 23 | 346,965 | 188,135 | 8,576 | 0 |
| 30 Sep 23 | 341,836 | 179,464 | 7,848 | 0 |
| 30 Jun 23 | 309,998 | 170,485 | 7,667 | 0 |
| 31 Mar 23 | 333,736 | 158,893 | 8,939 | 0 |
| 31 Dec 22 | 334,291 | 144,185 | 9,318 | 0 |
| 30 Sep 22 | 316,958 | 141,385 | 9,275 | 0 |
| 30 Jun 22 | 265,408 | 139,515 | 8,828 | 0 |
| 31 Mar 22 | 279,974 | 140,148 | 8,098 | 0 |
| 31 Dec 21 | 257,976 | 137,308 | 5,866 | 0 |
| 30 Sep 21 | 245,805 | 130,442 | 5,655 | 0 |
| 30 Jun 21 | 232,824 | 125,451 | 5,495 | 0 |
| 31 Mar 21 | 223,635 | 117,478 | 7,578 | 0 |
| 31 Dec 20 | 215,599 | 92,952 | 9,477 | 0 |
| 30 Sep 20 | 221,616 | 89,987 | 9,498 | 0 |
| 30 Jun 20 | 204,564 | 76,203 | 10,034 | 0 |
| 31 Mar 20 | 198,661 | 71,221 | 7,762 | 0 |
| 31 Dec 19 | 206,700 | 94,509 | 7,065 | 0 |
| 30 Sep 19 | 205,208 | 101,216 | 6,294 | 0 |
| 30 Jun 19 | 190,526 | 99,390 | 6,644 | 0 |
| 31 Mar 19 | 202,083 | 99,209 | 6,646 | 0 |
| 31 Mar 18 | 136,568 | 66,887 | 5,633 | 0 |
| 31 Mar 17 | 61,346 | 22,361 | 3,161 | 0 |
| 31 Mar 16 | 102,098 | 61,840 | 2,617 | 0 |
Quality Earnings: PFC has high quality earnings.
Growing Profit Margin: PFC's current net profit margins (54.3%) are higher than last year (52.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: PFC's earnings have grown by 16.3% per year over the past 5 years.
Accelerating Growth: PFC's earnings growth over the past year (12.7%) is below its 5-year average (16.3% per year).
Earnings vs Industry: PFC earnings growth over the past year (12.7%) did not outperform the Diversified Financial industry 16.8%.
Return on Equity
High ROE: PFC's Return on Equity (19.4%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/16 11:11 |
| End of Day Share Price | 2026/05/15 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Power Finance Corporation Limited is covered by 35 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Pradeep Agrawal | 360 ONE Capital Market Private Limited |
| null null | Anand Rathi Shares and Stock Brokers Limited |
| Clyton Fernandes | Anand Rathi Shares and Stock Brokers Limited |