Hot Pursuit     10-Aug-15
Strong Q1 numbers boost PFS
PTC India Financial Services jumped 8.03% to Rs 49.80 at 11:31 IST on BSE after net profit rose 18% to Rs 61.37 crore on 31% growth in total revenue to Rs 226.59 crore in Q1 June 2015 over Q1 June 2014.

The Q1 result was announced on Saturday, 8 August 2015.

Meanwhile, the S&P BSE Sensex was up 140.02 points or 0.5% at 28,376.41.

On BSE, so far 5.29 lakh shares were traded in the counter as against average daily volume of 4.29 lakh shares in the past one quarter.

The stock hit a high of Rs 49.90 and a low of Rs 48.45 so far during the day. The stock had hit a record high of Rs 73.15 on 15 January 2015. The stock had hit a 52-week low of Rs 33.80 on 8 August 2014.

The stock had outperformed the market over the past one month till 7 August 2015, advancing 0.66% compared with Sensex's 0.23% rise. The scrip had, however, underperformed the market in past one quarter, declining 11.26% as against Sensex's 6.16% 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) interest income rose 30% to Rs 217.99 crore in Q1 June 2015 over Q1 June 2014. Net interest income (NII) rose 29% to Rs 101.66 crore in Q1 June 2015 over Q1 June 2014. Fee based income rose 82% to Rs 7.18 crore in Q1 June 2015 over Q1 June 2014.

PFS' yield on loan assets improved to 13.88% in Q1 June 2015, from 13.84% in Q1 June 2014 and cost of borrowings reduced to 9.3% in Q1 June 2015 compared to 9.48% in Q1 June 2014.

PFS' total outstanding loan assets rose 33% to Rs 6582 crore as on 30 June 2015, from Rs 4956 crore as on 30 June 2014. Total debt sanctioned stood at Rs 11320 crore as on 30 June 2015.

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 viz. loan syndication and underwriting etc.

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