PFS advances after strong Q4 result

PTC India Financial Services rose 1.25% to Rs 40.50 at 10:13 IST on BSE after net profit surged 210.1% to Rs 49.03 crore on 24.3% growth in total income to Rs 269.98 crore in Q4 March 2016 over Q4 March 2015.

The company declared its results during trading hours today, 13 May 2016.

Meanwhile, the BSE Sensex was down 225.26 points, or 0.87%, to 25,564.96

On BSE, so far 2.53 lakh shares were traded in the counter, compared with an average volume of 1.73 lakh shares in past one quarter. The stock hit a high of Rs 41.20 and a low of Rs 40.10 so far during the day. The stock hit a 52-week high of Rs 60.65 on 25 May 2015. The stock hit a 52-week low of Rs 29.75 on 12 February 2016. The stock had outperformed the market over the past one month till 12 May 2016, rising 5.54% compared with 2.56% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 33.33% as against Sensex's 12.20% rise.

The small-cap company has equity capital of Rs 562.08 crore. Face value per share is Rs 10.

PTC India Financial Services' (PFS) net interest income (NII) rose 28% to Rs 115.02 crore in Q4 March 2016 over Q4 March 2015. PFS' total outstanding loan assets rose 35% to Rs 8634 crore as at 31 March 2016, from Rs 6379 crore as at 31 March 2015. Total cumulative debt sanctioned stood at Rs 15074 crore as at 31 March 2016.

PTC India Financial Services' board of directors considered and approved the capital raising plan of the company upto Rs 750 crore in one or more tranches through various options available to the company under Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.

PTC India Financial Services (PFS) is a non-banking financial company (NBFC) promoted by PTC India. PFS has been granted the status of an Infrastructure Finance Company (IFC) by the Reserve Bank of India. The company offers an array of financial products to infrastructure companies in the entire energy value chain. PFS also provides fee based services viz. loan syndication and underwriting etc.

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