PTC India Financial Services Ltd announces Q4, FY24 results

The board of directors of PTC India Financial Services Limited has announced the financial results for the Fourth Quarter and Year ended March 31, 2024.

Q4FY24 VS Q4FY23

- Total Income for Q4FY24 stood at ₹ 176.92 crore as compared to ₹ 199.70 crore in Q4FY23
- Profit before Tax (PBT) and Profit after Tax (PAT) for Q4FY24 stood at ₹ 19.27 crore and ₹ 13.85 crore compared to ₹ 45.45 crore and ₹ 36.41 crore in Q4FY23 respectively
- Yield on Earning Portfolio improved to 11.91% in Q4FY24 compared to 10.61% in Q4FY23
- Debt Equity Ratio improved to 1.54 times in Q4FY24 compared to 2.09 times in Q4FY23
- Net Interest Margin (NIM) (Earning Portfolio) increased to 4.92% in Q4FY24 compared to 4.35% in Q4FY23
- Spread (Earning Portfolio) for Q4FY24 improved to 2.79% compared to 2.50% in Q4FY23
- Cost of borrowed funds stood at 9.12% in Q4FY24 compared to 8.11% in Q4FY23

Q4FY24 VS Q3FY24

- Total Income for Q4FY24 stood at ₹ 176.92 crore compared to ₹ 204.32 crore in Q3FY24
- Profit before Tax (PBT) and Profit after Tax (PAT) for Q4FY24 stood at ₹ 19.27 crore and ₹ 13.85 crore compared to ₹ 67.48 crore and ₹ 50.37 crore in Q3FY24 respectively
- Yield on Earning Portfolio improved to 11.91% in Q4FY24 compared to 11.37% in Q3FY24
- Debt Equity Ratio improved to 1.54 times in Q4FY24 compared to 1.64 times Q3FY24
- Net Interest Margin (NIM) (Earning Portfolio) remained same at 4.92% in Q4FY24 compared to Q3FY24
- Spread (Earning Portfolio) for Q4FY24 increased to 2.79% compared to 2.48% in Q3FY24
- Cost of borrowed funds stood at 9.12 % in Q4FY24 compared to 8.89% in Q3FY24
- Net Interest Income (NII) for Q4FY24 stood at ₹ 81.78 crore compared to ₹ 97.30 crore in Q3FY24

FY24 VS FY23

- Total Income for FY24 stood at ₹ 776.28 crore compared to ₹ 797.08 crore in FY23
- Profit before Tax (PBT) and Profit after Tax (PAT) for FY24 stood at ₹ 215.98 crore and ₹ 160.75 crore compared to ₹ 232.37 crore and ₹ 175.82 crore in FY23 respectively
- Yield on Earning Portfolio improved to 11.38% in FY24 compared to 10.51% in FY23
- Debt Equity Ratio improved to 1.54 times in FY24 compared to 2.09 times FY23
- Net Interest Margin (NIM) (Earning Portfolio) increased to 4.82% in FY24 compared to 4.23% in FY23
- Spread (Earning Portfolio) for FY24 stood at 2.68% compared to 2.83% in FY23
- Cost of borrowed funds have been increased to 8.70% in FY24 compared to 7.68% in FY23
- Net Interest Income (NII) for FY24 increased to ₹ 340.59 crore compared to ₹ 334.66 crore in FY23

As at March 31, 2024

- The total outstanding credit i.e. loan assets against sanctioned loans, stood at ₹ 5,395 crores as on 31st March, 2024

- Capital Adequacy Ratio as on 31st March, 2024 stood at 43.07%

Shares of PTC India Financial Services Limited was last trading in BSE at Rs. 38.93 as compared to the previous close of Rs. 38.99. The total number of shares traded during the day was 45145 in over 1030 trades.

The stock hit an intraday high of Rs. 39.63 and intraday low of 38.62. The net turnover during the day was Rs. 1765944.00.

Source : Equity Bulls

Keywords

PTCIndiaFinancialServices INE560K01014 PFS Q4FY24 FY2024 ResultUpdate FY24