Power Finance Corporation (PFC), based in India, reported a 24% year-on-year increase in standalone net profit, reaching ₹6,315 crore for the fourth quarter ending March 2026, supported by a decrease in expenses to ₹17,765 crore from ₹18,731 crore in the same period last year. The company also reported improved asset quality, with the gross non-performing assets (GNPA) ratio falling to 1.09% from 1.64% a year ago, and the net NPA ratio down to 0.07% from 0.38%. On a consolidated basis, net profit increased by 2.8% to ₹8,598 crore. However, net interest income declined by 10.5% to ₹10,833 crore. PFC's Chairperson, Parminder Chopra, expressed concerns regarding the Reserve Bank of India’s draft guidelines on group exposure norms for non-banking financial companies, which could impact operations. Additionally, PFC is progressing with a merger with REC Limited, aiming for operational readiness by April 1, 2027, pending regulatory approvals. For the full financial year 2025-26, PFC's standalone net profit rose by approximately 41% to ₹24,011 crore.