PFS FY26: Profit rises as asset quality resets and growth returns

Loan assets were 3,292 crore, total income was 518 crore and profit after tax was 319 crore for FY26, as per the investor presentation.

Gross Stage III reduced to 190 crore in FY26 from 711 crore in FY25 and Net Stage III reduced to 47 crore from 284 crore. Provision coverage ratio for Stage III was stated at 75% in FY26.

Management said infrastructure finance disbursements are linked to project execution and construction progress, so sanctioned amounts are disbursed over 1 to 3 years rather than immediately.

Management said the major portion of the remaining GNPA is Danu Wind Parks and that the resolution process is underway through NCLT, with an OTS proposal mentioned by promoters.

Management stated that of the undisbursed amount (about 2,000 crore), a major portion is expected to be disbursed within Q2 of FY27, subject to project progress.

No dividend was announced in the discussed call. Management said the dividend decision would be reviewed in the next quarter and suggestions would be conveyed to the Board.

The presentation reported a liquidity coverage ratio of 252% for FY26 and a structured liquidity statement showing positive cumulative net cash flows across time buckets up to 3 years.