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PFS has recorded 19% decline in total revenue in Q3FY2013 to Rs 76.05 crore compared to Rs 94.07 crore in Q2FY2012. The absence of profit on sale of investment in Q3FY2013 has primarily caused decline in total revenue for the quarter end December 2012. The revenue for Q3FY2012 had included hefty profit on sale of investment in non-current unquoted trade investments of Rs 47.86 crore. Excluding profit on sale of investments, the total revenue and profit before tax grew 65% and 64% respectively during Q3FY2013 as compared to Q3FY2012.
Net Interest Income (NII) increased 100% to Rs 41.38 crore Q3FY2013 from Rs 20.73 crore in Q3FY2012. Net Interest Margin (NIM) at 8.33% in Q3FY2013, was higher compared to 8.12% in Q3FY2012, while the spread was also higher at 5.49% in Q3FY2013 up from 4.62% in Q3FY2012. NII considered for NIM does not include Interest Income of Rs 1.47 crore earned on temporary surplus funds, included in Other Operating Income of Rs 7.53 crore for Q3FY2013.
The total effective debt sanctions as at the end of Q3FY2013 aggregated to Rs 7749 crore compared to Rs 4948 crore at end Q3FY2012 and Rs 7589 crore at end Q1FY2012. Debt sanctions are up 57% on a YoY basis and 2% on a q-o-q basis
Post Q3 FY13 till date, PFS has further sanctioned loans of Rs 1304 crore to 8 power projects. The outstanding debt as at the end of Q3 FY13 increased to Rs 2010 crore compared to Rs 1266 crore as at the end of FY12 and Rs 1065 crore as at end Q3FY2012, recording a growth of 59% and 89% respectively
- Profit before tax (PBT) dipped to Rs 41.77 crore in Q3FY2013 compared to Rs 73.33 crore for Q3FY2012. Profit after tax (PAT) for Q3 FY2013 stood at Rs 28.23 crore compared to Rs 57.90 crore for Q3FY2012.
- Cost of funds remained competitive, at 8.30% in Q3 FY2013 showing decline from 9.88% in Q3 FY2012.
There are nil NPAs as at end of September 20112 quarter and return on assets (ROA) for the quarter is 1.07%. CAR stood at 47.04% at end Q3FY2013 compared to 48.67% at end Q2FY2013
- Total revenue increased 10% to Rs 209.45 crore in nine months ended December 2012 compared to Rs 191.14 crore in 9MFY2012. Excluding profit on sale of equity investments recorded in 9MFY2012, total revenue growth stood at 61% for 9MFY2013. PBT for 9M FY2013 stood at Rs 118.34 crore compared to Rs 118.79 crore for 9MFY2012. PAT for 9M FY2013 at Rs 79.93 crore compared to Rs 90.77 crore for 9M FY2012. Excluding profits on sale of equity investments, PBT and PAT growth were at 105% and 107% respectively in 9M FY 2013
Book value of the company stood at Rs 22.27 per share at end December 2012 up from Rs 21.8 per share at end September 2012.
The scrip is currently trading at Rs 15.9.
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