Rs 3.50 Interim Dividend By PSU Maharatna: Payment By March 11; Hold, Buy More, Or Exit? Expert View Inside!

Power Finance Corporation (PFC) is a non-bank financial institution that offers financial support to India's power industry. The Indian government founded it in 1986. It was designated a "Maharatna" firm in 2021. On Thursday, Power Finance Corporation's shares ended 1.30% lower at Rs 377 on the NSE, with a market cap of Rs 1.25LCr. The record date for the 3rd interim dividend for FY25 is tomorrow, February 28th. This means that today was the last day to be eligible for the payout in March.

Power Finance Corporation Dividend

During their meeting on 12.02.2025, the PFC Board of Directors announced the third interim dividend of Rs.3.50/- per equity share, or 35% on the face value of the paid-up equity shares of Rs 10/- each, for the fiscal year 2024-25.

"It is to inform that 28.02.2025 (Friday) shall be reckoned as the Record Date' for the purpose of ascertaining the eligibility of shareholders for payment of 3rd Interim Dividend for the FY 2024-25. The date of payment /dispatch of the aforesaid 3d interim dividend shall be on or before 11.03.2025," PFC informed stock exchanges.

Power Finance Corporation Q3 Financials

The firm recorded a roughly 23% rise in total net profit to Rs 4,155 crore in the October-December quarter of 2024-25 compared to Rs 3,377 crore in profit made in the same quarter of the previous fiscal. The company's net interest income (NII) increased 13% to Rs 4,694 crore during the quarter. In the same quarter last year, it was Rs 4,158 crore. PFC's gross net performing assets were 2.68%, compared to 2.71% in Q2FY25. Net NPA was 0.71%, compared to 0.72% the previous quarter. The overall operational revenue for Q3FY25 was Rs 26,798 crore, a 14% rise from Rs 23,571 crore in the same period the previous year.

Power Finance Corporation Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "PFC is currently trading at ₹378, exhibiting a sideways to bearish trend as it fluctuates within the -₹360-400 range, indicating neutral sentiment. The stock is facing resistance at its 20-day (EMAs), while finding support at ₹360, suggesting it is in a consolidation phase. Additionally, the Relative Strength Index (RSI) is at 41.23 and trending downward, further reinforcing a bearish outlook until it reaches the resistance level. This indicates that the stock may continue consolidating, and a breakout from this range could determine its next directional move."

"If the bearish trend persists, PFC may approach a key support zone between ₹374 and ₹366 potentially offering a buying opportunity if reversal signals emerge. Conversely, if the stock sustains above the critical resistance level of ₹395 and demonstrates signs of a trend reversal, it could present an attractive entry point for investors. A long position may be considered at the current market price of ₹378, with an upside target in the range of ₹400 to ₹415," Mandar Bhojane further added.

"Power Finance stock price is slightly bullish on the Daily charts with strong support at 378. A Daily close above resistance of 397 could lead to a target of 433 in the near term," said another analyst A R Ramachandran.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.