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PTC India Financial Services Ltd (PFS) has reported a ₹36.76 crore net profit for the last quarter of financial year 2018-2019. The company had reported a loss of ₹ 264.68 crore in the same quarter of last financial year.
The PFS board has also recommended a dividend of 8 per cent or ₹ 0.80 per share to the shareholders for their approval.
Commenting on the performance for the fourth quarter, Managing Director & CEO at PFS, Pawan Singh said, “Last year was challenging for financial sector as a whole and for NBFCs in particular. Our position continued to focus on improving our consolidated portfolio quality, to execute better yields structured finance to corporates of good credit standings and to explore new areas for generation of fees based income.”
Total revenue for the quarter under review stood at ₹331.05 crore as compared to ₹296.75 crore in the preceding financial year.
A PFS statement said that the total outstanding credit i.e. aggregate of loan assets and non-fund based commitments against sanctioned loans stood at ₹14,237 crore as on March 31, 2019. The loan assets aggregated to Rs.13,321 crore and outstanding non-fund based commitments, to be disbursed in coming quarters stood at ₹916 crore.
The gross NPAs as of March 31, 2019 has been reduced to ₹804.68 crore as compared to ₹918.54 crore as on December 31, 2018.
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