PFS Q1 net profit slumps 72 pc to Rs 16 cr
Non-banking financial company PTC India Financial Services (PFS) reported a slump of 72 per cent in its net profit at Rs 15.64 crore in the first quarter ended June.
Company's net profit was at Rs 55.93 crore in the corresponding April-June quarter of the previous fiscal.
Total income increased to Rs 352.19 crore in the June quarter of 2019-20, as against Rs 325.19 crore in the same period of 2018-19.
The net interest margin (NIM) for the quarter stood at 2.76 per cent, it said in a release.
The main business of PFS is to provide finance for energy value chain through investment and lending into such projects
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