Power Finance Corporation Limited CC-Sep24.pdf · 2024-11-08
Ma'am, congrats on a great quarter. So 1 thing that I have been calculating is that on a consolidated basis. Hello?
On a consolidated basis, our recoveries from the nonperforming assets might be upwards of INR8,000 crores, INR8,500 crores pre-tax. And that is between REC and PFC. Because between KSK Mahanadi, Hiranmaye, and Sinnar, what bids we've been seeing in the newspapers, it means that our provisioning has been quite conservative. So that would add like almost 1/4 of earnings to PFC's earnings for the year. It would be like an additional quarter of earnings. I mean that would increase our capital adequacy rate, which is already hovering around 25% to a much higher level. And if you go by projections for electricity demand, I think we are lagging as a country in terms of putting up the demand. So should we eith er -- aren't you going to pay a very large dividend, which I think might be a second priority, given that the growth required, especially from PFC and REC, Power Finance Corporation and Rural Electrification Corporation. Shouldn't that be much higher? Like I know you'd love being conservative, but isn't 14% a very low number?