Finance company PTC India Financial Services announced Q3FY25 & 9MFY25 results Financial Highlights Q3FY25: Q3FY25 PAT at Rs 67.14 crore compared to Rs 50.37 crore in Q3FY24 Q3FY25 disbursement at Rs 300 crore compared to Rs 161 crore in Q3FY24 Return on Networth (annualized) improved to 10.09% in Q3FY25 compared to 8.11% in Q3FY24 ROA (annualized) is 4.51% in Q3FY25 compared to 2.69% in Q3FY24 Yield on Earning Portfolio is at 11.42% in Q3FY25 compared to 11.38% in Q3FY24 Net Stage III improved to Rs 280 crore in Q3FY25 compared to Rs 329 crore in Q3FY24 Provision Coverage Ratio for Stage III assets improved to 62.63% in Q3FY25 from 57.64% in Q3FY24 Improvement in Portfolio Quality: Net Stage III reduced to Rs 280 crore in Q3FY25 Disbursement is at Rs 300 crore in Q3FY25 Financial Highlights 9MFY25: Loan disbursed for 9M ended 31st Dec24 is at Rs 866 crore compared to Rs 570 crore in 9M ended 31st Dec23 9M ended 31st Dec24 PAT is at Rs 158.89 crore compared to Rs 146.91 crore in 9M ended 31st Dec23 Yield on Earning Portfolio is at 11.44% in 9M ended 31st Dec24 compared to 10.95% in 9M ended 31st Dec23 Return on Networth (annualized) improved to 8.09% in 9M ended 31st Dec24 compared to 7.89% in 9M ended 31st Dec23 ROA (annualized) is 3.41% in 9M ended 31st Dec24 compared to 2.72% in 9M ended 31st Dec23 Management Commentary “We are committed to building a sustainable business which delivers customer delight while maintaining highest levels of internal controls. On the business front, our focus is on delivering customer-centric financial solutions, broadening our presence in distributed infrastructure, diversifying resources to build financial resilience, and strengthening internal processes to ensure adaptability. Supported by increased infrastructure spending and a growing emphasis on sustainability, we are positioned for steady growth. In addition, we continue to improve our asset quality, and are optimistic of resolving a majority of our stressed assets over the next few months.” Result PDF
Finance company PTC India Financial Services announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Profit before Tax (PBT) and Profit after Tax (PAT) for Q2FY25 stood at Rs 63.41 crore and Rs 47.34 crore. Significant improvement in Portfolio Quality. Gross Stage III assets down by 23% (from Rs 996 crore in Q2FY24 to Rs 764 crore in Q2FY25. Net Stage III assets down by 43% (from Rs 501 crore in Q2FY24 to Rs 283 crore in Q2FY25). Provision Coverage Ratio for Stage III assets improved from 49.7% in Q2FY24 to 63% in Q2FY25. H1FY25 Financial Highlights: Total Income for H1FY25 stood at Rs 324.64 crore compared to Rs 395.04 crore in H1FY24. Profit before Tax (PBT) and Profit after Tax (PAT) for H1FY25 stood at Rs 122.76 crore and Rs 91.75 crore compared to Rs 129.21 crore and Rs 96.51 crore in H1FY24 respectively Disbursement was at Rs 566 crore in H1FY25 compared to Rs 410 crore in H1FY24. Return on Assets improved to 2.92% in H1FY25 compared to 2.57% in H1FY24. Management Commentary: “PFS is pleased to announce its Financial Results for Q2FY25 and H1FY25. PFS has embraked on its transformational journey aimed at resolving legacy issues, emphasis on strengthening systems & controls and enhancing employee culture to foster a more engaged and productive workforce. These efforts are part of our commitment to driving sustainable growth and operational excellence. Our unwavering commitment to elevating governance and driving business positions will ensure PFS has not only navigated current challenges but will also thrive in a dynamic financial landscape. By fostering lasting trust and integrity, PFS will reinforce its position in the infrastructure finance industry." Result PDF
Finance company PTC India Financial Services announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Total Income for Q4FY24 stood at Rs 176.92 crore as compared to Rs 199.70 crore in Q4FY23 Profit before Tax (PBT) and Profit after Tax (PAT) for Q4FY24 stood at Rs 19.27 crore and Rs 13.85 crore compared to Rs 45.45 crore and Rs 36.41 crore in Q4FY23 respectively Yield on Earning Portfolio improved to 11.91% in Q4FY24 compared to 10.61% in Q4FY23 Debt Equity Ratio improved to 1.54 times in Q4FY24 compared to 2.09 times in Q4FY23 Net Interest Margin (NIM) (Earning Portfolio) increased to 4.92% in Q4FY24 compared to 4.35% in Q4FY23 Spread (Earning Portfolio) for Q4FY24 improved to 2.79% compared to 2.50% in Q4FY23 Cost of borrowed funds stood at 9.12% in Q4FY24 compared to 8.11% in Q4FY23 FY24 Financial Highlights: Total Income for FY24 stood at Rs 776.28 crore compared to Rs 797.08 crore in FY23 Profit before Tax (PBT) and Profit after Tax (PAT) for FY24 stood at Rs 215.98 crore and Rs 160.75 crore compared to Rs 232.37 crore and Rs 175.82 crore in FY23 respectively Yield on Earning Portfolio improved to 11.38% in FY24 compared to 10.51% in FY23 Debt Equity Ratio improved to 1.54 times in FY24 compared to 2.09 times FY23 Net Interest Margin (NIM) (Earning Portfolio) increased to 4.82% in FY24 compared to 4.23% in FY23 Spread (Earning Portfolio) for FY24 stood at 2.68% compared to 2.83% in FY23 Cost of borrowed funds have been increased to 8.70% in FY24 compared to 7.68% in FY23 Net Interest Income (NII) for FY24 increased to Rs 340.59 crore compared to Rs 334.66 crore in FY23 Result PDF
Non-banking Financial company PTC India Financial Services announced Q3FY24 & 9MFY24 results: Q3FY24: Total Income for Q3FY24 stood at Rs 204.32 crore as compared to Rs 194.33 crore in Q3FY23 Profit before Tax (PBT) and Profit after Tax (PAT) for Q3FY24 increased to Rs 67.48 crore and Rs 50.37 crore compared to Rs 48.97 crore and Rs 36.18 crore in Q3FY23 respectively Yield on Earning Portfolio improved to 11.37% in Q3FY24 compared to 10.35% in Q3FY23 Debt Equity Ratio improved to 1.64 times in Q3FY24 compared to 2.24 times in Q3FY23 Net Interest Margin (NIM) (Earning Portfolio) increased to 4.92% in Q3FY24 compared to 4.00% in Q3FY23 Spread (Earning Portfolio) for Q3FY24 stood at 2.48% compared to 2.69% in Q3FY23 Cost of borrowed funds stood at 8.89% in Q3FY24 compared to 7.66% in Q3FY23 9MFY24: Total Income for 9MFY24 increased to Rs 599.36 crore compared to Rs 597.38 crore in 9MFY23 Profit before Tax (PBT) and Profit after Tax (PAT) for 9MFY24 increased to Rs 196.71 crore and Rs 146.90 crore compared to Rs 186.91 crore and Rs 139.40 crore in 9MFY23 respectively Yield on Earning Portfolio improved to 11% in 9MFY24 compared to 10.48% in 9MFY23 Debt Equity Ratio improved to 1.64 times in 9MFY24 compared to 2.24 times in 9MFY23 Net Interest Margin (NIM) (Earning Portfolio) increased to 4.57% in 9MFY24 compared to 4.19% in 9MFY23 Spread (Earning Portfolio) for 9MFY24 stood at 2.44% compared to 2.93 % in 9MFY23 Cost of borrowed funds has been increased to 8.56% in 9MFY24 compared to 7.55% in 9MFY23 Net Interest Income (NII) for 9MFY24 increased to Rs 258.80 crore compared to Rs 253.06 crore in 9MFY23 The total outstanding credit i.e. loan assets against sanctioned loans, stood at Rs 6,495 crores as of 31st December 2023 Capital Adequacy Ratio as of 31st December 2023 stood at 44.45% Management of PTC India Financial Services, said, " PFS is delighted to present financial performance for the third quarter and nine months for FY24. The company has executed a strategic overhaul to overcome various challenges it faced earlier, over the last few quarters, reinforcing our operational infrastructure with a seasoned leadership team. These strategic initiatives have strategically positioned us on an upward trajectory, setting the stage for sustainable growth in the foreseeable future. PFS remains focused on continuously improve the overall asset quality of the portfolio and resolving our staged assets. The strategic realignment of our leadership team and operational focus positions us for success in the dynamic business landscape. As we navigate these changes, our goal is to maintain a robust and adaptable business model that can capitalize on emerging opportunities. In conclusion, our initiatives reflect our proactive stance in navigating the ever-evolving business environment. With a keen eye on quality enhancement, risk management, and strategic expansion, we are confident in our ability to deliver sustainable growth and value to our stakeholders in the coming years" Result PDF
Non-Banking Financial company PTC India Financial Services announced Q4FY23 & FY23 results: Q4FY23 vs Q4FY22: Total Income for Q4FY23 stood at Rs 199.70 crore compared to Rs 231.35 crore in Q4FY22 Profit before Tax (PBT) and Profit after Tax (PAT) for Q4FY23 stood at Rs 45.45 crore and Rs 36.41 crore compared to Rs 33.52 crore and Rs 24.98 crore in Q4FY22 respectively Yield on Earning Portfolio improved to 10.61% in Q4FY23 compared to 10.52% in Q4FY22 Debt Equity Ratio improved to 2.09 times in Q4FY23 compared to 3.14 times in Q4FY22 Net Interest Margin (NIM) (Earning Portfolio) increased to 4.35% in Q4FY23 compared to 4.30% in Q4FY22 Spread (Earning Portfolio) for Q4FY23 stood at 2.50% compared to 2.92% in Q4FY22 Cost of borrowed funds has been increased to 8.11% in Q4FY23 compared to 7.60% in Q4FY22 Q4FY23 vs Q3FY23: Total Income for Q4FY23 stood at Rs 199.70 crore compared to Rs 194.33 crore in Q3FY23 Profit before Tax (PBT) and Profit after Tax (PAT) for Q4FY23 stood at Rs 45.45 crore and Rs 36.41 crore compared to Rs 48.97 crore and Rs 36.17 crore in Q3FY23 respectively Yield on Earning Portfolio increased to 10.61% in Q4FY23 compared to 10.35% in Q3FY23 Debt Equity Ratio improved to 2.09 times in Q4FY23 compared to 2.24 times compared Q3FY23 Net Interest Margin (NIM) (Earning Portfolio) improved to 4.35% in Q4FY23 compared to 4.00% in Q3FY23 Spread (Earning Portfolio) for Q4FY23 stood at 2.50% compared to 2.69% in Q3FY23 Cost of borrowed funds has been increased to 8.11% in Q4FY23 compared to 7.66% in Q3FY23 FY23 vs FY22: Total Income for FY23 stood at Rs 797.08 crore compared to Rs 968.75 crore in FY22 Profit before Tax (PBT) for FY23 increased to Rs 232.37 crore compared to Rs 173.91 crore in FY22 Profit after Tax (PAT) increased to Rs 175.81 crore in FY23 compared to Rs 129.98 crore in FY22 Yield on Earning Portfolio stood at 10.51% in FY23 compared to 10.60% in FY22 Net Interest Margin on earning portfolio increased to 4.23% in FY23 compared to 4.19% in FY22 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 as on 31st March, 2023 stood at 33.05% Return on Net worth for the year ended 31st March, 2023 stood at 7.47% Result PDF