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
PTC India Financial Services announced Q3FY23 results: Q3FY23: The total outstanding credit i.e. aggregate of loan assets and non-fund-based commitments against sanctioned loans, stood at Rs 7,301 crore as on Q3FY23. Loan assets aggregated to Rs 7,301 crore and outstanding non-fund-based commitments aggregated to Rs Nil. Capital adequacy ratio as on Q3FY23 stood at very comfortable level of 33.30%. Return on Assets (ROA) for 9 months ended Q3FY23 stood at 2.14%. Even in a rising interest rate scenario, the company maintained a very competitive borrowing interest cost at 7.55% for 9MFY23 similar to the best credit-worthy borrowers. Q3FY23 vs Q3FY22: The total income for Q3FY23 stood at Rs 194.32 crore compared to Rs 241.09 crore in Q3FY22. Profit before Tax (PBT) and Profit after Tax (PAT) for Q3FY23 stood at Rs 48.97 crore and Rs 36.17 crore Compared to Rs 9.49 crore and Rs 6.93 crore in Q3FY22 respectively. The yield on Earning Portfolio stood at 10.35% in Q3FY23. Debt equity Ratio improved to 2.24 times in Q3FY23 compared to 3.36 times in Q3FY22. Healthy Net Interest Margin (NIM) (Earning Portfolio) maintained at 4.00% in Q3FY23 compared to 4.02% in Q3FY22. Spread (Earning Portfolio) for Q3FY23 stood at 2.69% compared to 2.80% in Q3FY22. Cost of borrowed funds maintained at 7.66% in Q3FY23 compared to 7.54% in Q3FY22. Q3FY23 VS Q2FY23: Total Income for Q3FY23 stood at Rs 194.32 crore compared to Rs 195.84 crore in Q2FY23. Profit before Tax (PBT) and Profit after Tax (PAT) for Q3FY23 stood at Rs 48.97 crore and Rs 36.17 crore compared to Rs 70.27 crore and Rs 52.66 crore in Q2FY23 respectively. The yield on Earning Portfolio stood at 10.35% in Q3FY23 compared to 10.58% in Q2FY23. The debt equity Ratio improved to 2.24 times in Q3FY23 compared to 2.38 times in Q2FY23. Healthy Net Interest Margin (NIM) (Earning Portfolio) maintained at 4.00% in Q3FY23 compared to 4.34% in Q2FY23. Spread (Earning Portfolio) for Q3FY23 stood at 2.69% compared to 3.12% in Q2FY23. Cost of borrowed funds was maintained at 7.66% in Q3FY23 compared to 7.46% in Q2FY23. 9MFY23 VS 9MFY22: Net Interest Income (NII) for 9MFY23 stood at Rs 252.61 crore compared to Rs 257.47 crore in 9MFY22. Total income for 9MFY23 stood at Rs 597.38 crore compared to Rs 737.38 crore in 9MFY22. Profit before Tax (PBT) for 9MFY23 increased to Rs 186.91 crore compared to Rs 140.39 crore in 9MFY22. Profit after Tax (PAT) increased to Rs 139.40 crore in 9MFY23 compared to Rs 105.01 crore in 9MFY22. Yield on Earning Portfolio stood at 10.48% in 9MFY23 compared to 10.62% in 9MFY22. Healthy Net Interest Margin on earning portfolio maintained at 4.19% in 9MFY23 compared to 3.99% in 9MFY22. Business (disbursements) of Rs 1,670 crore has been made in 9MFY23 as compared to Rs 3,508 crore in 9MFY22. Management Commentary: "We are pleased with the company’s stable performance in the third quarter of FY23. As we continue to review a strong credit pipeline, our focus remains solely on becoming a leader in sustainable green project financing with additionality. We continue to work across green hydrogen, sustainable environmentally friendly projects like water treatment projects, CNG biogas, clean water distribution, smart cities, electric mobility, waste management facilities, and other sustainable green infrastructure finance projects by leveraging on our in-house expertise. Our organization's goals are integrated with global priorities on climate change and our own national priorities on green infrastructure towards net zero commitment. The recent green budget of the Government of India going to throw up several business opportunities for the company. We have restarted our active credit growth efforts from December. Our Board has started bringing new talent into the company to achieve the desired level of growth and performance. We will continue to work with our banking partners to build a robust pool of loan project opportunities in the next quarter." Result PDF
PTC India Financial Services announced Q4FY22 results: Q4FY22 VS Q4FY22: Total Income for Q4FY22 stood at Rs. 241.09 crore as compared to Rs. 269.39 crore in Q4FY21 Profit before Tax (PBT) and Profit after Tax (PAT) for Q4FY22 stood at Rs. 9.50 crore and Rs. 6.93 crore compared to Rs. 32.90 crore and Rs. 20.85 crore in Q4FY21 respectively Yield on Earning Portfolio stood at 10.34% in Q4FY22 Debt Equity Ratio improved to 3.36 times in Q4FY22 compared to 4.09 times in Q4FY21 Net Interest Margin (NIM) (Earning Portfolio) improved to 4.02% in Q4FY22 compared to 3.84% in Q4FY21 (Up by 18 bps) Spread (Earning Portfolio) for Q3FY22 stood at 2.80% compared to 2.86% in Q4FY21 Cost of borrowed funds have been reduced to 7.54% in Q4FY22 compared to 8.39% in Q4FY21 Q4FY22 VS Q3FY22: Net Interest Income (NII) for Q4FY22 stood at Rs. 88.56 crore compared to Rs. 89.30 crore in Q3FY22 Total Income for Q4FY22 stood at Rs. 241.09 crore as compared to Rs. 242.34 crore in Q3FY22 Profit before Tax (PBT) stood at Rs. 9.50 crore in Q4FY22 as compared to Rs. 69.96 crore in Q3FY22 Profit after Tax (PAT) stood at Rs. 6.93 crore in Q4FY22 as compared to Rs. 52.47 crore in Q3FY22 Spread (Earning Portfolio) for Q4FY22 stood at 2.80% as compared to 2.99% in Q3FY22 Cost to Income ratio have been improved to 11.23% in Q3FY22 compared to 12.16% in Q3FY22 Result PDF
