PTC India Financial Services jumped 9.32% to Rs 36.35 at 11:21 IST on BSE, after net profit surged 113.1% to Rs 52.13 crore on 100.9% growth in total income to Rs 173.23 crore in Q1 June 2014 over Q1 June 2013.
The result was announced after market hours on Friday, 1 August 2014.
Meanwhile, the S&P BSE Sensex was up 157.69 points or 0.62% at 25,638.53
On BSE, so far 25.67 lakh shares were traded in the counter as against average daily volume of 26.55 lakh shares in the past one quarter.
The stock hit a high of Rs 36.80 and a low of Rs 34.30 so far during the day. The stock hit a record high of Rs 40 on 7 July 2014. The stock had hit a record low of Rs 9.50 on 22 August 2013.
The stock had outperformed the market over the past one month till 1 August 2014, rising 0.15% compared with 0.14% fall in the Sensex. The scrip had also outperformed the market in past one quarter, surging 94.67% as against Sensex's 13.66% rise.
The small-cap company has equity capital of Rs 562.08 crore. Face value per share is Rs 10.
PTC India Financial Services (PFS) reported 84% surge in net interest income (NII) to Rs 78.77 crore in Q1 June 2014 over Q1 June 2013. Net interest margin (NIM) and spread stood at 6.50% and 4.36% respectively for Q1 June 2014, PFS said.
As at 30 June 2014, PFS reported nil net NPAs. Total outstanding loan assets rose 84% to Rs 4956 crore as at 30 June 2014 from Rs 2688 crore as at 30 June 2013. Total debt sanctioned stood at Rs 10463 crore.
Commenting on the performance for Q1 June 2014, R M Malla, Managing Director & CEO, PFS said The company continues to have nil net non performing assets (NPAs) in its books. As the current fiscal progresses, we are hopeful of maintaining this momentum with a robust loan book while keeping a firm check on asset quality of our portfolio.
PFS is a non-banking financial company (NBFC) promoted by PTC India. PFS has been granted the status of an infrastructure finance company (IFC) by the Reserve Bank of India. The company offers an array of financial products to infrastructure companies in the entire energy value chain. PFS also provides fee based services like syndication and underwriting.
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