Total income declined 13.68% year on year to Rs 199.70 crore in the quarter ended 31 March 2023.

Profit before tax in Q4 FY23 was at Rs 45.45 crore, up 35.6% as against Rs 33.52 crore posted in Q4 FY22.

Net interest margin (NIM) (earning portfolio) increased to 4.35% in Q4 FY23 as compared to 4.30% in Q4 FY22. Spread (earning portfolio) for Q4 FY23 declined to 2.50% as against 2.92% reported in Q4 FY22.

Provision coverage ratio improved to 57.2% in the fourth quarter of FY23 as against Rs 46.58% posted in the same period a year ago.

Debt equity ratio improved to 2.09 times in Q4 FY23 from 3.14 times in Q4 FY22.

On full year basis, the company's consolidated net profit climbed 35.3% to Rs 175.81 crore despite of 17.7% decline in total income to Rs 797.08 crore in FY23 over FY22.

The NBFC said that business (disbursements) of Rs 2,253 crore has been made in FY23.

The total outstanding credit i.e. aggregate of loan assets and non-fund based commitments against sanctioned loans stood at Rs 7,339 crore as on 31 March 2023.

Capital adequacy ratio was at 33.05% as on 31 March 2023. Return on net worth for the year ended 31 March 2023 stood at 7.47%.

PTC India Financial Services stated, “Our profit margin, yield on earning portfolio, Debt to equity ratio and net interest margin have improved over the previous financial year. We utilize our expertise to finance sustainable green infrastructure projects aligned with global climate priorities and our national commitment to net zero carbon emission. Green Initiatives announced in the union budget will create several new business opportunities for the company. We expect a healthy growth in both sanctions and disbursements in the current financial year.”

Meanwhile, the company's board has recommended a dividend of Re 1 per share for FY 2022-23, subject to the approval of the shareholders in the ensuing AGM.

PFS is a systemically important non-deposit taking NBFC classified as 'Infrastructure Finance Company (IFC)' by RBI. PFS is structured as a 'one-stop shop' for financing of energy value chain and select sectors of infra projects like power, road, port, logistics etc. with focus on renewable energy and sustainable development.