Profit

PTC India Financial Q2 net up 4.3 per cent at Rs 30 crore

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New Delhi: 

PTC India Financial Services Ltd on Wednesday reported a net profit of Rs 30 crore for the quarter ended September, 2013, 4.34 per cent higher than that of the corresponding period last year.

PTC India Financial Services had posted a profit of Rs 28.75 crore in the September quarter of 2012, it said in a statement.

Revenue increased 50 per cent to Rs 109.45 crore in the quarter ended September, 2013. The value was Rs 73.10 crore last year.

"We would constantly endeavour to maintain our growth trajectory with emphasis on renewable energy and diversification across energy value chain," Rajender Mohan Malla, managing director and CEO, said in the statement.

Total outstanding loan assets were at Rs 3,125 crore as of September 30.

"Renewable projects constitute about 40 per cent of our total loan book. We would continue to proactively focus on the renewable energy portfolio thereby aiding quality growth," the PTC chief said.

Shares in the company, on Wednesday, ended 1.98 per cent higher at Rs 11.31 apiece on the BSE.



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