Yield on loan assets stood at 13.69% in Q3 FY2015, whereas Net Interest Margin (NIM) and Spread stood at 6.29% and 4.30% respectively for Q3 FY2015.

Commenting on the performance for Q3 & 9M FY2015, Mr. R. M. Malla - Managing Director & CEO said:

"The growth momentum has continued during the quarter. Our interest income has grown by over 73% during the quarter compared to the interest income during the corresponding quarter in the previous year. We have been more focused on lending to renewable energy projects, which has been a key thrust area for the country. Going forward, we are hopeful of maintaining current growth rates as a combination of suitable investment climate, capacity addition especially in renewable energy, policy support and falling interest rates push up demand for funds from power sector, especially renewable energy sector."

Performance for the nine months ended Dec 2014

Interest income was up by 86% to Rs 584.64 crore with NII at Rs 294.76 crore, up by 72% YoY. Operating expenses were up by 17% with provisions up by 373% to Rs 46.41 crore due to higher provisions related to investments. Thus, PBT stood at Rs 215.27 crore, up by 62%. There was a profit on sale of investment income of Rs 82.17 crore for 9 months ended Dec'13, as compared to Nil for 9 months ended Dec'14. After providing total tax of Rs 70.20 crore, PAT for the nine months ended Dec'14 stood at Rs 145.07 crore, down by 10% YoY.

Yield on loan assets improved to 13.80% in 9M FY2015 compared to 13.58% in 9M FY2014, whereas Net Interest Margin (NIM) and Spread stood at 6.44% and 4.43% respectively for 9M FY2015.

Performance for the year ended Mar'14

For the year ending Mar'14, Interest income stood at Rs 463.96 crore, up by 62% y.o.y. Interest expense stood at Rs 208.38 crore, up by 106% resulting in 38% increase in NII at Rs 255.58 crore. The other income stood at Rs 3 lakh. Operating expense was up by 46% to Rs 36.34 crore. Provisions were up by 221% to Rs 16.56 crore. There was a profit on sale of investment income of Rs 82.17 crore for 12 months ended Mar'14 as compared to Nil for 12 months ended Mar'12, thus resulting in PBT after sale of investment income to Rs 284.88 crore, up by 83% YoY. After paying total tax of Rs 77.17 crore, up by 51% YoY, PAT for the 12 months ended Mar'14 stood at Rs 207.71 crore, up by 99% YoY.

Other updates

PFS reported Nil net NPAs

Total outstanding loan assets growth at 75% to Rs.5,883 crore as at 31st December 2014 from Rs.3,354 crore as at 31st December 2013.

Total debt sanctioned stood at Rs.12,449 crore.

Promoter's shareholding as on Dec'14 stood at 60% and none of the shares are pledged.

The stock is currently trading at Rs 66.