PFS Q4 net jumps over threefold to Rs 49 crore

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.

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