Hot Pursuit     18-May-12
PFS gains after strong Q4 earnings
PTC India Financial Services rose 2.69% to Rs 15.25 at 14:25 IST on BSE after net profit galloped 988.98% to Rs 63.27 crore on 340.45% growth in total income to Rs 116.06 crore in Q4 March 2012 over Q4 March 2011.

The company announced the results after market hours on Thursday, 17 May 2012.

Meanwhile, the BSE Sensex was up 25.20 points or 0.16% to 16,095.68.

On BSE, 4.16 lakh shares were traded in the counter as against average daily volume of 2.89 lakh shares in the past one quarter.

The stock hit a high of Rs 15.50 and a low of Rs 14.65 so far during the day. The stock had hit a 52-week high of Rs 20.85 on 26 July 2011. The stock had hit a record low of Rs 9.70 on 22 December 2011.

The stock had underperformed the market over the past one month till 17 May 2012, falling 8.05% compared with the Sensex's 7.42% fall. The scrip had, however, outperformed the market in past one quarter, declining 6.01% as against the Sensex's 12.13% fall.

The small-cap company has an equity capital of Rs 562.08 crore. Face value per share is Rs 10.

PTC India Financial Services' (PFS) net profit jumped 315.98% to Rs 154.04 crore on 182.22% growth in total income to Rs 307.20 crore in the year ended 31 March 2012 over the year ended 31 March 2011.

Profit after tax (PAT) for the year ended March 2012 (FY 2012) includes gain on sale of equity investments amounting to Rs 105.09 crore, compared to Rs 9.98 crore in the year ended March 2011 (FY 2011). PAT from other operating activities jumped 81% to Rs 48.95 crore in FY 2012 over FY 2011.

During Q4 March 2012, PFS concluded the sale of its part stake in Indian Energy Exchange and realized a gain of Rs 66.51 crore on stake sale. Excluding the gain on sale of investment and tax thereon, PAT amounts to Rs 10.43 crore for Q4 March 2012, compared to Rs 5.81 crore in Q4 March 2011, the company said in a statement.

Despite toughening of the interest rates in the market, PFS has been able to keep cost of funds lower to remain competitive, the company said. The company has secured ECB funding of $76 million out of which only $26 million was drawn down in FY 2012. Another drawdown of $25 million was made during April 2012 and subsequent drawl of ECB funds in FY 2013 may further reduce the company's cost of funds, PFS said. During Q4 March 2012, the company raised Rs 159.60 crore by way of long term tax saving secured Infrastructure Bonds, the company said in a statement.

The total effective debt sanction as at end of FY 2012 aggregated to Rs 6335 crore compared to Rs 3334 crore at the end of FY 2011, recording growth of 90%. The company has sanctioned loans aggregating to Rs 1437 crore during Q4 March 2012 and Rs 3517 crore during entire FY 2012, compared to Rs 1678 crore in entire FY 2011. Post FY 2012 till date, PFS has further sanctioned loans aggregating to Rs 917 crore to 6 power projects, the company said. The outstanding debt as at the end of FY 2012 was Rs 1266 crore compared to Rs 680 crore as at the end of FY 2011, recording growth of 86%, PFS said in a statement.

The company said it had nil non-performing assets as at end March 2012.

PTC India Financial Services (PFS) is non-banking finance institution promoted by PTC India. The company offers an integrated suite of financial services with a focus on infrastructure development, which includes debt (short-term and long-term) financing and making equity investments in private sector Indian companies in the entire energy value chain. PFS also provides fee based syndication and other services as well as carbon credit financing against Certified Emissions Reduction (CER). It received the Infrastructure Finance Company (IFC) status in FY 2011.

Previous News
  PTC India Financial Services consolidated net profit rises 0.36% in the September 2022 quarter
 ( Results - Announcements 05-Dec-22   07:30 )
  PTC India Financial Services appoints Director (Finance) and CFO
 ( Corporate News - 19-Jan-23   10:33 )
  PTC India Financial hits the roof as board appoints S Gopal as CFO
 ( Hot Pursuit - 19-Jan-23   12:34 )
  PTC India Financial receives tax refund
 ( Hot Pursuit - 20-Dec-21   09:26 )
  Madhav Marbles and Granites Ltd leads gainers in 'B' group
 ( Hot Pursuit - 05-Jul-22   12:15 )
  PTC India Financial gains after Q4 PAT climbs 46% YoY
 ( Hot Pursuit - 19-May-23   12:29 )
  PTC India Financial Services consolidated net profit rises 69.82% in the June 2020 quarter
 ( Results - Announcements 05-Aug-20   10:00 )
  Board of PTC India Financial Services sanctions additional disbursements of Rs 974 cr
 ( Corporate News - 15-Mar-21   14:29 )
  PTC India Financial appoints Mahendra Lodha as director (finance) & CFO
 ( Hot Pursuit - 15-Jun-23   10:51 )
  PTC India Financial Services consolidated net profit declines 51.58% in the December 2020 quarter
 ( Results - Announcements 05-Feb-21   16:12 )
  PTC India Financial Services revises board meeting date
 ( Corporate News - 09-Nov-21   10:39 )
Other Stories
  RVNL gains on emerging as L-1 bidder for Rs 133-cr railway project
  03-Jul-24   15:38
  Cholamandalam Financial Holdings Ltd leads losers in 'A' group
  03-Jul-24   15:00
  Sakuma Exports Ltd leads losers in 'B' group
  03-Jul-24   14:45
  NTPC power generation climbs 9.5% YoY in Q1
  03-Jul-24   14:41
  Volumes soar at MMTC Ltd counter
  03-Jul-24   14:30
  Oil and Gas shares fall
  03-Jul-24   14:00
  Real Estate stocks edge lower
  03-Jul-24   14:00
  Energy stocks edge lower
  03-Jul-24   14:00
  Sundaram-Clayton gains after board OKs to raise funds upto Rs 400 cr
  03-Jul-24   13:38
  JSW Infra's subsidiary concession agreement V.O. Chidambaranar Port Authority
  03-Jul-24   13:34
Back Top