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Power Finance Corporation board moves REC merger proposal for Presidential approval
Shares of Power Finance Corporation ended at ₹444.00, down 1.63% or ₹7.35 on the BSE, while shares of REC Ltd ended at ₹345.70, down 0.72% or ₹2.50 on the BSE.
PFC-REC merger may not be a priority amid war squeeze
Boards of Power Finance Corporation and REC will meet Saturday. Uncertainty surrounds their proposed merger. The government's stake may fall below 51 percent. This could require a substantial capital infusion of around 25,000 crore rupees. Analysts question the feasibility of this. The merger is targeted for April 1, 2027. Discussions continue on the final structure.
Stocks to buy for short term: From PFC to Tata Steel - Ajit Mishra of Religare Broking suggests 3 stock picks
Stocks to buy for the short term: Ajit Mishra of Religare Broking is positive on three stocks, including PFC and Tata Steel, for the next 1-2 weeks.
Q4 Results LIVE Updates: JSW Steel, Muthoot react to results; Tata Steel, Power Grid report today
Q4 Results LIVE Updates: Two Nifty 50 companies Tata Steel and Power Grid along with broader market names like ITC Hotels, Hindustan Copper, Godfrey Phillips, Gland Pharma, Cochin Shipyard, Deepak Nitrite, Balrampur Chini, Arvind, Bajaj Electricals, Aarti Drugs, Aether Industries, Alembic Pharma, NCC, NHPC, Premier Energies, SAIL, SJVN, Solara Active Pharma, Symphony, Thangamayil, Triveni Engineering, VST Tillers, are among the companies reporting their earnings today. JSW Steel, Muthoot Finance, Apollo Tyres, Endurance Tech, Voltas, are some of the other result reactions today. Watch this space for all the LIVE updates.
India's gold loan market has huge potential, there's lot of idle metal: George Alexander Muthoot
The rise in prices will add to the growth momentum as it will give more borrowing power to those who are pledging gold. The uncertainties will not change the course of the gold loan market. And the price fluctuation won't matter since there is enough cushion. While disbursing loans, the loan to value (LTV) ratio is 75% but the ratio comes down when price increases. Over the last two years, the gold price have risen although recently a small correction has happened from the high, says George Alexander Muthoot, managing director, Muthoot Finance.
PFC net up 3%, expects merger with REC by April 2027; flags concern over RBI norms
Power Finance Corporation and REC Ltd are planning to merge by April 1, 2027. This merger will create a single platform for financing India's power sector. Both companies have received in-principle approval for the restructuring. Legal and financial advisors have been appointed. Discussions on the detailed structure are ongoing and require regulatory approvals.
Power Finance Corporation consolidated net profit rises 10.81% in the March 2026 quarter
Sales decline 1.09% to Rs 28673.13 crore
PFC Q4 Results: Profit rises 24% to Rs 6,325 crore as interest income grows
Power Finance Corp reported a strong rise in fourth-quarter and full-year earnings for FY26, supported by higher interest income, improved fee income and a reversal in impairment provisions. Lower credit costs and steady growth in core lending operations helped the state-run power sector financier deliver improved profitability despite higher finance costs.
PFC shares rise 3% as Q4 results, dividend announcements lift sentiments
Investor sentiment was further boosted by the company's dividend announcement for shareholders
PFC Announces Rs 3.95 Per Share Final Dividend — Check Key Details
This is in addition to Rs 14.6 per share interim dividend announced earlier in FY26.
PFC Q4 Results 2026: Cons net profit rises 2.8% to ₹8,598 crore, revenue down 1%; dividend declared
Power Finance Corporation reported a 2.87% increase in consolidated profit for Q4FY26, reaching ₹8,598 crore. However, revenue from operations fell by 1% to ₹28,919.52 crore. The company proposed a final dividend of ₹3.95 per share, adding to previous interim dividends.
PFC Q4 Results: PSU stock gains after margins expand, asset quality improves
PFC's EBITDA margin for the quarter expanded by nearly six percentage points to 98.6% from 92.7% year-on-year. The stock is up over 20% so far this year.