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PTC Financial Services profit slips over 50% to Rs 21 cr in Dec quarter

The company''s net profit stood at Rs 43.06 crore in the October-December period previous fiscal

Q3 results

Press Trust of India  |  New Delhi 

Tamil Nadu has borrowed close to a massive Rs 40,000 crore in four-and-a-half months, compared to Rs 17,000 crore last year

PTC India Financial Services (PFS) Ltd on Thursday reported an over 50 per cent decline in its consolidated net profit to Rs 20.85 crore in the third quarter ended December 2020.

The company's net profit stood at Rs 43.06 crore in the October-December period previous fiscal.

Its total income (consolidated) also fell to Rs 269.39 crore in Q3 FY21 as against Rs 331.70 crore in the same quarter a year ago, PFS said in a regulatory filing.

The interest income during the period fell to Rs 260.30 crore from Rs 322.11 crore, while income through fee and commission grew slightly to Rs 8.26 crore from Rs 8.02 crore.

PFS is mainly engaged in the business of providing finance for energy value chain through investment and lending into such projects.

Shares of the company closed at Rs 19.95 apiece on BSE, up 2.84 per cent from the previous close.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Thu, February 04 2021. 22:41 IST