PFS Q1 Revenue of Rs. 173.23 crores

PTC India Financial Services PAT grew by 84%, to Rs. 78.77 crore in Q1FY2014.

August 02, 2014 11:58 IST | India Infoline News Service
PTC India Financial Services Limited (PFS) reported its financial results for the quarter ended 30th June 2014.

Commenting on the performance for Q1 FY2015, R M Malla - Managing Director & CEO said, “This has been another quarter of growth for PFS, where we have built on the gains achieved in the previous period. The profit after tax for the quarter ended 30th June 2014 stood at Rs.52.13 crores which is 113% higher as compared to the corresponding period of previous year. The Company continues to have Nil Net NPAs in its books. As the current fiscal progresses, we are hopeful of maintaining this momentum with a robust loan book while keeping a firm check on asset quality of our portfolio”

Results Highlights
Q1FY2015 vs. Q1FY2014

Total revenue for Q1FY2015 increased by 101% to Rs. 173.23 crores compared to Rs. 86.22 crore in Q1FY2014.

Interest Income for Q1FY2015 grew by 111% to Rs. 167.64 crores compared to Rs. 79.34 crore in Q1FY2014.

Net Interest Income (NII) for Q1FY2015 grew by 84%, to Rs. 78.77 crore compared to Rs. 42.72 crore in Q1FY2014.

Profit After Tax (PAT) for Q1FY2015 grew by 113% to Rs. 52.13 crore compared to Rs. 24.46 crore in Q1FY2014

Net Interest Margin (NIM) and Spread stood at 6.50% and 4.36% respectively for Q1FY2015.
As at June 30, 2014

PFS reported Nil net NPAs
Total outstanding loan assets growth at 84% to Rs. 4,956 crore as at 30th June 2014 from Rs. 2,688 crore as at 30th June 2013. Total debt sanctioned stood at Rs. 10,463 crore.

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