PFS tumbles after declaring Q2 result

PTC India Financial Services lost 13.79% to Rs 41.25 at 15:11 IST on BSE after the company's Q2 net profit was boosted by profit from sale of investments.

Meanwhile, the BSE Sensex was down 303.05 points, or 1.16%, to 25,818.35

On BSE, so far 13.13 shares were traded in the counter, compared with an average volume of 2.86 lakh shares in past one quarter.

The stock hit a high of Rs 45 and a low of Rs 40.60 so far during the day. The stock hit a record high of Rs 73.15 on 15 January 2015. The stock hit a 52-week low of Rs 37.10 on 8 September 2015.

The stock had outperformed the market over the past one month till 9 November 2015, rising 6.1% compared with 3.54% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 3.8% as against Sensex's 7.49% decline.

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

PTC India Financial Services (PFS) posted 454% surge in net profit to Rs 211.25 crore on 121.8% growth in total income to Rs 442.29 crore in Q2 September 2015 over Q2 September 2014. Profit from sale of investments stood at Rs 206.93 crore in Q2 September 2015, PFS said. The result was announced after market hours yesterday, 9 November 2015.

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.

Powered by Capital Market - Live News