PFC Share Price Gains 3.09% Amid ₹3.50 Interim Dividend Record Date

Power Finance Corporation (PFC) garnered attention on Monday amidst the record date of November 25, 2024, for an interim dividend. On November 25, 2024, PFC share price opened at ₹490.00, up from its previous close of ₹477.95. At 12:07 PM, the share price of PFC was trading at ₹489.10, up by 3.09%.

Interim Dividend Record Date

The company announced a second interim dividend of ₹3.50 per equity share (35% of the face value of ₹10 each) for the financial year 2024-25. The dividend is subject to Tax Deducted at Source (TDS). PFC has set November 25, 2024, as the record date to determine shareholder eligibility for this dividend. The payment or dispatch of the dividend is scheduled to be completed on or before December 8, 2024.

Q2 FY 2025 Financial Highlights

PFC’s robust Q2 FY25 financial results further bolstered investor confidence. The company reported a total income of ₹13,215.31 crore for Q2 FY25, a notable increase compared to ₹11,788.49 crore in Q2 FY24. Its profit also witnessed significant growth, rising to ₹4,370.44 crore in Q2 FY25 from ₹3,847.43 crore in the same quarter of the previous fiscal year.

About Power Finance Corporation Limited

Power Finance Corporation Limited is a Systemically Important Non-Deposit taking NBFC registered with the RBI as an Infrastructure Finance Company. The company is involved in extending financial help to the Indian power sector.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.