PTC India Financial Services (PFS) gained over 2 per cent on Tuesday after the company posted 26.71 per cent year-on-year (yoy) rise in its net profit figures for the quarter ended December 2015. The company earned Rs 54.81 crore in the corresponding quarter a year ago.
The share price of PFS closed 2.24 per cent up at Rs 36.50. The scrip opened at Rs 36.10 and touched a high and low of Rs 37.50 and Rs 35.95, respectively, in trade.
Gross sales of PFS grew 19.45 per cent yoy to Rs 233.38 crore in the quarter under review. Operating profit jumped to Rs 232.35 crore for the quarter ended December 2015 from Rs 189.74 crore in the same quarter last year.
Ashok Haldia, managing director and chief executive officer, PTC India Financial Services in a release said, “This has been another good quarter for PFS. The profit, interest income and the loan book continue to reflect upward trend. At the same time, as a leading infrastructure finance company, the quality of assets continues to remain our top priority and focus area. The renewable energy space continues to witness increased action.”
Net profit for the nine months ended December 2015 climbed 135.79 per cent yoy to Rs 342.06 crore.
PFS is a non-banking finance company promoted by PTC India Limited.