Stocks

PTC India Financial shares tank nearly 15%

PTI Mumbai | Updated on January 22, 2018 Published on November 10, 2015

Shares of PTC India Financial Services tumbled nearly 15 per cent today as the company witnessed a sharp rise in its gross non-performing assets.

The stock plunged 14.63 per cent to settle at Rs 40.85 on BSE. Intraday, it dropped 15.15 per cent to Rs 40.60.

On NSE, shares of the company lost 14.71 per cent to end at Rs 40.85.

The company saw a sharp rise in its gross non performing assets to 4.07 per cent in the second quarter from 0.08 per cent in the same quarter a year ago.

PTC India Financial Services (PFS) yesterday reported an over five-fold increase in net profit after tax at Rs 211.25 crore for the quarter ended September 30, 2015. The company had reported a net profit after tax of Rs 38.13 crore in the year-ago period.

The total income from operations increased to Rs 442.28 crore as against Rs 199.38 crore in the year—ago period.

Published on November 10, 2015
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