Hot Pursuit     02-May-14
PFS spurts to 52-week high after strong Q4 numbers
PTC India Financial Services jumped 12.41% to Rs 19.20 at 10:40 IST on BSE after net profit surged 91% to Rs 46.36 crore on 94% growth in total revenue to Rs 149.44 crore in Q4 March 2014 over Q4 March 2013.

The Q4 result was announced after market hours on Wednesday, 30 April 2014. The stock market was closed on Thursday, 1 May 2014, on account of May Day.

Meanwhile, the S&P BSE Sensex was up 53.49 points or 0.24% at 22,471.29.

On BSE, so far 14.01 lakh shares were traded in the counter as against average daily volume of 3.38 lakh shares in the past one quarter.

The stock hit a high of Rs 19.30 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 18.40 so far during the day. The stock had hit a record low of Rs 9.50 on 22 August 2013.

The stock had outperformed the market over the past one month till 30 April 2014, surging 20.54% compared with the Sensex's 0.35% rise. The scrip had also outperformed the market in past one quarter, jumping 23.77% as against Sensex's 9.36% rise.

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

PTC India Financial Services (PFS)'s net interest income (NII) surged 56% to Rs 65.06 crore in Q4 March 2014 over Q4 March 2013. Net interest margin (NIM) and spread stood at 6.91% and 4.49% respectively for Q4 March 2014.

PFS' net profit jumped 99% to Rs 207.72 crore on 91% growth in total revenue to Rs 546.16 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).

NII rose 39% to Rs 213.22 crore in FY 2014 over FY 2013. NIM and spread stood at 6.92% and 4.57% respectively for FY 2014.

PFS' total debt disbursements during FY 2014 stood at Rs 3071 crore, higher than Rs 1322 crore in FY 2013.

As of 31 March 2014, PFS reported nil net non-performing assets (NPAs). Total outstanding loan assets spurted 117% to Rs 4974 crore as on 31 March 2014, from Rs 2296 crore as of 31 March 2013. Total debt sanctioned stood at Rs 10303 crore as on 31 March 2014.

PFS is a non-banking financial company (NBFC) promoted by PTC India. PFS has been granted the status of an infrastructure finance company (IFC) by the Reserve Bank of India. The company offers an array of financial products to infrastructure companies in the entire energy value chain. PFS also provides fee based services like syndication and underwriting.

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