Quarterly performance

Interest income increased 26% to Rs 293.38 crore in Q3FY2017 compared to Rs 233.38 crore in Q3 FY2016. Net Interest Income (NII) moved up 18% to Rs 130.21 crore in Q3FY2017 compared to Rs 110.22 crore in Q3FY2016. Net Interest Margins (NIM) declined to 5.44% in Q3FY2017 from 6.15% in the previous quarter and 6.12% in the corresponding quarter last year.

Fee based income jumped 43% to Rs 17.72 crore in Q3FY2017, compared to Rs 12.39 crore during Q3 FY2016. Total revenue galloped 26% to Rs 313.54 crore in Q3FY2017 compared to Rs 248.06 crore in Q3FY2016. Profit Before Tax (PBT) and Profit after tax (PAT) both grew by 20% each to Rs 126.47 crore and Rs 83.22 crore respectively in Q3FY2017.

Business highlights

Total outstanding loan assets increased 23% to Rs 9613 crore as at 31st December 2016 from Rs 7795 crore as at 31st December 2015. The non-fund based commitment against sanctioned loans aggregated to Rs 577 crore as at end December 2016. Total cumulative effective debt sanctioned stood at Rs 19696 crore.

Yield on loan assets stood at 12.25% in Q3 FY2017, whereas Cost of borrowed funds was 8.74% during Q3 FY2017. Net Interest Margin (NIM) and Spread stood at 5.44% and 3.50% respectively for Q3FY2017.

During the quarter, one loan account with an exposure of Rs 58.20 crore has been classified as non-performing asset. The GNPA ratio rose to 4.78% at end December 2016 from 4.29% at end September 2016 and 3.77% at end December 2015. NNPA ratio stood at 3.32% at end December 2016 compared with 2.86% a quarter ago and 2.8% a year ago.

YTD Performance

Interest income grew by 28% to Rs 849.84 crore in 9MFY2017 compared to Rs 665.40 crore in 9MFY2016. Net Interest Income (NII) moved up 21% to Rs 371.65 crore in 9MFY2017 compared to Rs 306.56 crore during 9MFY2016. Fee based income jumped 34% to Rs 49.57 crore in 9MFY2017 compared to Rs 36.94 crore in 9MFY2016. The Company earned an income of Rs 11.59 crore by way of premium on redemption of debentures held in one of the borrower company. Total revenue for 9M FY2017 stood at Rs 920.23 crore. PBT and PAT for 9M FY2017 stood at Rs 355.73 crore and Rs 235.57 crore respectively. PBT and PAT both grew by about 36% respectively during 9M FY2017, excluding the effect of a profit of Rs 206.93 crore earned during 9MFY2016 on sale of investment by PFS.