Menu
BW CFO World
Community for Finance Professionals, Consultants and allied businesses
  • Home
  • News
  • Videos
  • Articles
    • Credit & Capital
    • Economic Trends
    • Financial Compliance
    • Financial Leadership
    • Financial Management
    • Financial Reporting
    • Financial Strategy
    • Risk Management
    • Taxation
  • Featured
  • Nominate for Awards
Close Menu
economy
November 10, 2021

PTC India Financial Services Q2 Profit Rises 65% To Rs 52 Crore

Urvi Srivastava Economic Trends, Financial Reporting financial service, pfs, profit, ptc, Quarter

The non-banking finance company had posted a net profit of Rs 31.85 crore in the corresponding quarter of the previous financial year.

PTC India Financial Services (PFS) on Tuesday reported a 65 percent jump in its net profit to Rs 51.46 crore for the September 2021 quarter.

The non-banking finance company had posted a net profit of Rs 31.85 crore in the corresponding quarter of the previous financial year.

However, the total income during the July-September quarter also fell to Rs 242.34 crore, against Rs 297.98 crore in the year-ago period, PFS said.

Net Interest Margin (NIM) (Earning Portfolio) improved to 4.14 percent in Q2FY22 compared to 3.70 percent in Q2FY21. Capital adequacy ratio for the quarter stood at 26.06 percent hereby providing a strong cushion for growth and expansion, it said.

“The total outstanding credit i.e. aggregate of loan assets and non-fund based commitments against sanctioned loans, stood at Rs 9,633 crore as of 30th September, 2021. Loan assets aggregated to Rs 9,290 crore and outstanding non-fund-based commitments aggregated to Rs 343 crore,” it said.

Fresh loans of Rs 541 crore were sanctioned and further disbursements of Rs 433 crore have been made during the quarter in the areas of sustainable financing, it added.

(PTI)

Urvi Shrivastav

→ Urvi Shrivastav

FM To Meet Heads Of PSBs; Nudge Them For Credit Expansion To Boost Economy Paytm’s IPO Subscribed 48% As Fintech Firm Heads Into Last Issue Day

Related Posts

Chandrasekar-K-1

Credit & Capital, Economic Trends

Leading with empathy is the correct mantra for success

20220331_113353

Credit & Capital, Economic Trends

Govt orders probe into fire incident involving Ola

indian rupee

Credit & Capital, Economic Trends

Asian stocks rise as Ukraine peace talks appear to progress

Movements

  • adobe danDan Durn Appointed As Adobe’s New Chief Financial Officer
  • Vineet Mahajan_Vineet Mahajan Appointed As New CFO Of Avanse Financial Services On Sept 27
  • bharat pet director financeVetsa Ramakrishna Gupta To Lead Bharat Petroleum As Director Finance
  • tender cuts cfoTenderCuts Names Satya Rakesh as New CFO
  • dailmer CFOManish Thakore Helms Daimler India Commercial Vehicles as CFO

Selected Stories

  • Chandrasekar-K-1Leading with empathy is the correct mantra for success

    Read more

  • 20220331_113353Govt orders probe into fire incident involving Ola

    Read more

  • indian rupeeAsian stocks rise as Ukraine peace talks appear to progress

    Read more

  • economyTata Coffee rallies nearly 13 pc; Tata Consumer jumps over 5 pc

    Read more

  • rupeeRupee rises 4 paise to 75.69 against US dollar in early trade

    Read more

Categories

  • Accounting
  • CFO Stance
  • Credit & Capital
  • Economic Trends
  • Featured
  • Financial Compliance
  • Financial Leadership
  • Financial Management
  • Financial Reporting
  • Financial Strategy
  • Financial Technologies
  • Global News
  • Interview
  • Movements
  • Risk Management
  • Taxation

Recent Comments

    Back To Top
    BW CFO World
    • Home
    • News
    • Videos
    • Articles
      • Credit & Capital
      • Economic Trends
      • Financial Compliance
      • Financial Leadership
      • Financial Management
      • Financial Reporting
      • Financial Strategy
      • Risk Management
      • Taxation
    • Featured
    • Nominate for Awards
    © Copyright BW BUSINESSWORLD 2018. All Rights Reserved.