Hot Pursuit     09-Nov-16
PFS declines after weak Q2 numbers
PTC India Financial Services lost 6.34% to Rs 36.20 at 10:39 IST on BSE after net profit fell 59.8% to Rs 84.90 crore on 24.2% decline in total income to Rs 335.43 crore in Q2 September 2016 over Q2 September 2015.
The result was announced after market hours yesterday, 8 November 2016.

Meanwhile, the S&P BSE Sensex was down 1,057.49 points or 3.83% at 26,533.65.

On BSE, so far 2.08 lakh shares were traded in the counter as against average daily volume of 2.59 lakh shares in the past one quarter. The stock hit a high of Rs 37.30 and a low of Rs 33.60 so far during the day. The stock had hit a 52-week low of Rs 29.75 on 12 February 2016. The stock had hit a 52-week high of Rs 48.30 on 9 November 2015. The stock had outperformed the market over the past one month till 8 November 2016, sliding 0.64% compared with 1.67% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, declining 4.09% as against Sensex's 2.1% fall.

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

The company's net interest income (NII) rose 50% to Rs 141.81 crore in Q2 September 2016 over Q2 September 2015.

Commenting on the company's performance, Ashok Haldia – Managing Director & CEO of PTC India Financial Services (PFS) said that the growth momentum has continued during Q2 September 2016 and debt assistance sanctioned during the quarter increased by 62% to Rs 3081 crore whereas disbursements grew 29% to Rs 881 crore year on year (YoY) basis. The renewable energy projects continue to present good opportunities and the company is hopeful of maintaining the growth, he added.

During the quarter, one loan account with an exposure of Rs 125 crore, earlier identified as non-performing, has been upgraded as Standard Asset resulting into an interest income of Rs 23.83 crore in Q2 September 2016.

The company's total outstanding loan assets grew by 30% to Rs 9418 crore as on 30 September 2016, from Rs 7225 crore as on 30 September 2015. Total cumulative effective debt sanctioned stood at Rs 18200 crore.

PTC India Financial Services (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.

Previous News
  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 receives tax refund of Rs 135.06 cr
 ( Corporate News - 20-Dec-21   09:17 )
  PTC India Financial Services consolidated net profit rises 64.74% in the September 2021 quarter
 ( Results - Announcements 10-Nov-21   08:16 )
  Medico Remedies Ltd leads losers in 'B' group
 ( Hot Pursuit - 22-Jun-23   14:45 )
  PTC India Financial Services to table results
 ( Corporate News - 28-Nov-22   10:50 )
  PTC India Financial Services consolidated net profit rises 39.22% in the December 2023 quarter
 ( Results - Announcements 01-Feb-24   08:49 )
  PTC India Financial Services standalone net profit rises 210.12% in the March 2016 quarter
 ( Results - Announcements 13-May-16   14:00 )
  PTC India Financial Services provides credit ratings update from various agencies
 ( Corporate News - 04-Apr-20   16:24 )
  PTC India Financial Services to announce Quarterly Result
 ( Corporate News - 18-Jan-20   10:48 )
  PFS advances after strong Q4 result
 ( Hot Pursuit - 13-May-16   10:20 )
  PTC India Financial Services sanctions loans worth Rs 825 crore
 ( Corporate News - 28-Dec-15   12:44 )
Other Stories
  Eicher Motors CV sales rises 11% YoY in June’24
  01-Jul-24   15:39
  Atul Auto hits record high as sales double to 2,628 units in Jun’24
  01-Jul-24   15:29
  Ashok Leyland slides as total sales slips 2% YoY in June'24
  01-Jul-24   15:16
  Reliance Infrastructure Ltd leads losers in 'A' group
  01-Jul-24   15:00
  Oriental Carbon & Chemicals Ltd leads losers in 'B' group
  01-Jul-24   14:45
  Rane Holdings hits life high on plan to acquire 51% stake in JV
  01-Jul-24   14:45
  Maruti Suzuki rises as total sales jumps 12% YoY in Jun’24
  01-Jul-24   14:37
  Volumes jump at Emami Ltd counter
  01-Jul-24   14:30
  Karur Vysya Bank advances climb 16% YoY in Jun'24
  01-Jul-24   14:14
  SML Isuzu jumps as June sales surges 38% YoY
  01-Jul-24   14:13
Back Top