PFS Q1 net rises 10 pc to Rs 67 cr

Infrastructure lending firm PTC India Financial Services (PFS) Ltd today reported a 9.9 per cent rise in net profit at Rs 67.45 crore for the June quarter.
Its net profit stood at Rs 61.37 crore in the corresponding period of 2015-16.
Total income rose to Rs 271.27 crore in the first quarter of 2016-17, from Rs 226.59 crore year ago, it said in a regulatory filing.
The firm's main business is to provide financing for energy projects.
Its gross NPAs rose to 5.83 per cent (Rs 528.89 crore) of gross advances as on June 2016, from 1.24 per cent (Rs 81.60 crore) year ago.

Net NPAs too shot up to 4.53 per cent (Rs 405.72 crore) against 0.97 per cent (Rs 63.39 crore) earlier.

The provisions were at Rs 2.20 crore, up from Rs 1.20 crore year ago.
The return on assets as of June 2016 fell to 0.72 per cent, as against 0.88 per cent a year ago.
Shares of the company closed 0.87 per cent down at Rs 39.70 on BSE.