PTC India Fin shares tank nearly 15%

Shares of PTC India Financial Services tumbled nearly 15 per cent today as the company witnessed a sharp rise in its gross non-performing assets.
The stock plunged 14.63 per cent to settle at Rs 40.85 on BSE. Intra-day, it dropped 15.15 per cent to Rs 40.60.
On NSE, shares of the company lost 14.71 per cent to end at Rs 40.85.
The company saw a sharp rise in its gross non-performing assets to 4.07 per cent in the second quarter from 0.08 per cent in the same quarter a year ago.
PTC India Financial Services (PFS) yesterday reported an over five-fold increase in net profit after tax at Rs 211.25 crore for the quarter ended September 30.

The company had reported a net profit after tax of Rs 38.13 crore in the year-ago period, it had said in a BSE filing.
The total income from operations increased to Rs 442.28 crore as against Rs 199.38 crore in the year-ago period.
PFS is a non-banking finance company promoted by PTC India Limited. It has been granted the status of an infrastructure finance company by the Reserve Bank of India.