PTC India Financial Posts 18% Rise in Q1 Profit

New Delhi: PTC India Financial Services on Sunday reported an 18 per cent increase in net profit at Rs 61.3 crore for the fiscal first quarter that ended on June 30, 2015.

The company had registered a net profit of Rs 52.13 crore for the corresponding period a year ago.

Total income of the company increased about 31 per cent to Rs 226.58 crore from Rs 173.22 crore in the year-ago period.

"We have started the financial year on a good note with growth in revenues and profitability during the quarter. We expect this momentum to continue in the coming quarters as investments in infrastructure sector pick up pace and at the same time, we are equally focused on maintaining the asset quality of our portfolio," PFS managing director and CEO Ashok Haldia said in a statement.

Total outstanding loan assets grew 33 per cent to Rs 6,582 crore as against Rs 4,956 crore a year ago.

Total debt sanctioned stood at Rs 11,320 crore, as of June 30.

Shares in the company, on Friday, ended 2.85 per cent lower at Rs 46.1 apiece on the BSE.