PTC India Financial Services, the non-banking finance company promoted by PTC India, reported over 10-fold jump in its net profit at Rs 57.90 crore for the quarter ended December 31, 2011.
The company had posted a net profit after tax of Rs 5.71 crore during the corresponding quarter of the previous financial year, PTC India Financial Services said in a statement.
It recorded over three-fold rise in its revenues at Rs 94.07 crore for third quarter under review, compared to Rs 28.94 crore in the same period last fiscal.
The company sanctioned loans to the tune of Rs 4,979 crore during October-December quarter of the current fiscal, as against Rs 3,334 crore in the same quarter of the previous fiscal (2010-11).
The company offers financial services to the power generation, equipment supply and fuel source projects.
