PFS Q4 net jumps over threefold to Rs 49 crore

Promoted by PTC India, PFS is a Non-Banking Financial Company

New Delhi

PTC India Financial Services (PFS) has reported an over threefold increase in net profit at Rs 49.03 crore in January-March quarter this year as against Rs 15.8 crore a year ago.
The company's board has also approved a plan to raise up to Rs 750 crore in one or more tranches.

Total income from operations for the fourth quarter grew by 24.27% to Rs 269.97 crore from Rs 217.24 crore in the same period last year, the company said in a Bombay Stock Excahnge (BSE) filing.
For the entire fiscal, the net profit stood at Rs 391.09 crore against Rs 160.87 crore in the previous fiscal.

Total income from operations for the full year stood at Rs 1,186.91 crore as against Rs 801.88 crore in 2014-15.
Promoted by PTC India, PFS is a Non-Banking Financial Company (NBFC) and has been granted the status of an infrastructure finance company by the Reserve Bank.

Also Read

PTC India Q3 profit zooms nearly 7-fold to Rs 45.33 cr

PTC India gains after arm commissions wind power project in MP

Gamesa bags 30 Mw turnkey wind project of PTC Energy in India

Inox Wind extends rally on winning power project from PTC Energy

PTC India Financial gains on pact with IIFCL

Anshu Jain's NBFC may apply for bank licence

IDFC Bank, parent merger on cards

RBI floats discussion paper on P2P lending: 5 questions answered

Manappuram Finance looks at inorganic growth to diversify business

HDFC to raise Rs 500 crore by issuing bonds to finance housing biz

The scrip of the company was trading 1.25%  higher at Rs 40.50 on BSE.

First Published: May 13 2016 | 11:07 AM IST