PTC India Financial Services Limited Reports Strong FY2024 Financials with Robust Growth in Key Metrics

On May 31, 2024, PTC India Financial Services Limited announced its financial performance for the quarter and the full year that concluded on March 31, 2024.

Highlights for Q4 FY 2024 and FY 2024

For the fourth quarter of the fiscal year 2024, the company achieved a Profit After Tax (PAT) of ₹13.85 crore. Over the entire fiscal year, PAT amounted to ₹160.75 crore. The Net Interest Margin (NIM) for FY 2024 improved to 4.82%, up from 4.23% in FY 2023, indicating enhanced efficiency in earning interest on assets.

The Capital Adequacy Ratio was robust at 43.07%, providing a solid foundation for future growth and expansion. Additionally, the Return on Assets (ROA) for FY 2024 increased to 2.27%, compared to 2.05% in the previous fiscal year.

Q4 FY 2024 VS Q4 FY 2023

For Q4 FY 2024, the company reported a total income of ₹176.92 crore, a decrease from ₹199.70 crore in the same quarter of the previous year. The Profit Before Tax (PBT) for Q4 FY 2024 was ₹19.27 crore, while the Profit After Tax (PAT) stood at ₹13.85 crore, compared to ₹45.45 crore and ₹36.41 crore respectively in Q4 FY 2023. Despite the lower profits, the yield on the earning portfolio increased to 11.91% from 10.61% in Q4 FY 2023.

The company’s debt-equity ratio improved to 1.54 times from 2.09 times. The Net Interest Margin (NIM) for the earning portfolio rose to 4.92%, up from 4.35% in the previous year’s fourth quarter. The spread on the earning portfolio also improved, reaching 2.79% compared to 2.50% in Q4 FY 2023. However, the cost of borrowed funds increased to 9.12%, up from 8.11% in the same period last year.

As of March 31 2024

As of March 31 2024, the total outstanding credit, representing loan assets against sanctioned loans, amounted to ₹5,395 crore. The Capital Adequacy Ratio on this date was a robust 43.07%.

About PTC India Financial Services Limited

PFS is a non-banking financial company established by PTC India Limited. PFS provides a wide range of financial products to companies within the energy value chain and other infrastructure sectors.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.