PFC Dividend: Second Interim Payout of Rs 4.10 Per Share, Record Date 17 November, After Q2 FY27 Standalone Profit Rises 11.8%
- November 6, 2026
- Posted by: Ankit Jaiswal
- Category: Results
Second interim dividend Rs 4.10, record date 17 Nov 2026. Q2 standalone profit Rs 4,986.71 cr (+11.8%); consolidated Rs 7,681.51 cr (-2%). Filing, 4 Nov.
Quick Answer
PFC dividend: Power Finance Corporation declared a second interim dividend of Rs 4.10 per share, with a record date of 17 November 2026. Standalone Q2 FY27 profit rose 11.8% to Rs 4,986.71 crore, while consolidated profit slipped 2%.
PFC dividend news: Power Finance Corporation declared a second interim dividend of Rs 4.10 per share, with a record date of 17 November 2026, alongside its Q2 FY27 results on 4 November. Standalone profit rose 11.8% to Rs 4,986.71 crore, while consolidated profit slipped about 2%. Figures come from the company’s filing as reported by the press. Mint’s headline also mentions a rally in the stock over five years and three days, which I could not verify. This is not investment advice.
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PFC Dividend: Key Dates
| Item | Detail |
|---|---|
| Dividend | Second interim, Rs 4.10 per share (41% of face value Rs 10) |
| Record date | 17 November 2026 |
| Payment | By 4 December 2026 |
| First interim dividend | Rs 3.90 per share |
| Total for H1 FY27 | Rs 8 per share |
Under current settlement rules, the ex-dividend date is normally the same as the record date, but confirm with the exchange. To receive the dividend you must hold the shares before the ex-date. Dividends are taxable at your slab rate.
PFC Q2 FY27 Results
| Item | Q2 FY27 | Comparison |
|---|---|---|
| Standalone profit | Rs 4,986.71 crore | Up 11.8% from Rs 4,461.94 crore; above estimates of Rs 4,700 crore to Rs 4,938 crore |
| Net interest income | About Rs 5,122 crore | Below the Rs 5,204 crore estimate |
| Consolidated profit | Rs 7,681.51 crore | Down about 2% from Rs 7,834 crore |
| H1 standalone profit | Rs 9,732.11 crore | First-half total |
| H1 consolidated profit | Rs 16,679 crore | First-half total |
| Consolidated loan book | Rs 11,89,152 crore | Total as reported |
Standalone profit beat estimates, but net interest income was below, which suggests the beat came from items other than core lending income. I could not confirm the reason. The fall in consolidated profit reflects the group’s subsidiaries, including PFC‘s lending and generation-linked businesses, but check the filing for details.
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How to Work Out PFC's Dividend Yield
| Step | What to do |
|---|---|
| 1 | Add the two interim dividends: Rs 3.90 plus Rs 4.10 equals Rs 8 |
| 2 | Divide by the live share price |
| 3 | Remember Rs 8 covers only H1, so the full-year payout may differ |
| 4 | Compare yield with other PSU lenders and with fixed deposits |
I did not find a verified current PFC price, so I do not quote a yield. A company can also declare a final dividend later, and yield changes as the price moves.
The REC Merger Question
Press reports say the proposed merger with REC is progressing. A merger can change the dividend base, share count and valuation. Follow exchange announcements for the swap ratio and timeline, and avoid assuming how it will affect payouts.
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Risks to Weigh
| Risk | Why it matters |
|---|---|
| Interest-rate changes | They affect lending margins |
| Asset quality | Loans to power utilities carry sector risk |
| Government policy | PSU dividends depend on policy |
| Merger uncertainty | Terms and timing are unconfirmed |
| Price already moved | A rally can reduce future yield |
Conclusion
The PFC dividend of Rs 4.10 with a 17 November record date adds to Rs 3.90 paid earlier. The results were mixed, with standalone profit beating estimates and consolidated profit slipping, so check yield, asset quality and the merger before deciding.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on the PFC Dividend
What is the PFC dividend?
Ans. PFC declared a second interim dividend of Rs 4.10 per share, 41% of the Rs 10 face value. With the first interim dividend of Rs 3.90, the total for H1 FY27 is Rs 8 per share.
What is the PFC dividend record date?
Ans. The record date is 17 November 2026, and payment is due by 4 December 2026. The ex-dividend date is normally the same as the record date, but confirm with the exchange.
How much was PFC's Q2 profit?
Ans. Standalone profit was Rs 4,986.71 crore, up 11.8% from Rs 4,461.94 crore. Consolidated profit was Rs 7,681.51 crore, down about 2% from Rs 7,834 crore.
Did PFC beat estimates?
Ans. Standalone profit beat estimates of Rs 4,700 crore to Rs 4,938 crore, but net interest income of about Rs 5,122 crore was below the Rs 5,204 crore estimate.
How do I calculate PFC's dividend yield?
Ans. Add the dividends declared over twelve months, divide by the live share price and multiply by 100. The Rs 8 declared for H1 is only part of the year, and I did not verify a current price.
Has PFC really rallied 200% in five years?
Ans. That claim is from Mint's headline, which I could not verify. Check a price chart on the NSE for the exact period, because returns depend on dates and dividends.
What is the PFC and REC merger?
Ans. Press reports say a merger of PFC and REC is progressing. Terms, swap ratio and timing were not confirmed in my research, so follow exchange announcements.
Should I buy PFC for the dividend?
Ans. Univest cannot give personal advice. Compare yield, asset quality, valuation and the merger risk, decide your position size and consult a SEBI-registered adviser before acting.
