Power Finance Corporation has announced a Rs 3.90 interim dividend with a record date of August 27, 2026, amid robust financial growth and ongoing consolidation plans with Rural Electrification Corporation, signalling continued shareholder returns and strategic expansion.
Power Finance Corporation has fixed August 27, 2026, as the record date for an interim dividend of Rs 3.90 a share for the 2026-27 financial year, with payment due on or before September 6, according to a company filing cited by Zee Business. The payout, equal to 39% of face value, will be subject to tax deduction at source.
The announcement adds another signal of steady shareholder returns from the state-backed lender, which several dividend trackers say has maintained a regular pattern of interim and final distributions over the past year. The dividend also comes as PFC continues to sit among India’s most closely watched power-sector financiers.
The company’s broader financial picture remains strong. In its annual results for the year ended March 31, 2026, PFC reported total income of Rs 58,541.59 crore, up from Rs 53,127.76 crore a year earlier, while profit after tax rose to Rs 20,051.34 crore from Rs 17,352.19 crore, according to the figures quoted in the report. Earnings per share increased to Rs 60.76 from Rs 52.58.
PFC’s group balance sheet also underlines its scale. The company said its consolidated net worth reached Rs 1,73,441 crore and group profit after tax came to Rs 33,625 crore in 2025-26, making it the largest non-banking financial company group in India by profit, according to the annual report figures cited in the article. Asset quality improved as well, with the consolidated net credit-impaired asset ratio at 0.13%, while loan assets stood at Rs 11,63,768 crore as of March 31, 2026.
The dividend news comes against the backdrop of PFC’s planned consolidation with Rural Electrification Corporation. Business Standard reported in February that PFC approved the merger in principle after acquiring 52.63% of the government’s holding in REC, turning it into a subsidiary. The proposal also follows the Finance Minister’s remarks in the Union Budget 2026-27.
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