Saturday, February 13, 2016

PTC India Financial Services

PTC India Financial Services (PFS) has been promoted by PTC India (PTC) as a company incorporated under the Companies Act 1956 and registered with RBI as an NBFC. It is a systemically important non-deposit taking NBFC classified as ‘infrastructure finance company (IFC)’ by RBI and is listed on the BSE and the NSE.

Indian power sector is undergoing a significant change that has redefined the industry outlook. It is witnessing rise in interest from global players in the European and Asian regions. The sector is attracting foreign investors due to attractive valuations and new opportunities in sectors such as renewable energy.

PFS’s assets accretion gathered pace last quarter as the loan book increased by 32.5 per cent to Rs.7,795 crore as against Rs.5,883 crore in the same period previous year. It expects the credit traction to continue ahead with renewable energy being the key growth driver.

The ability to diversify the sources of funds as well as lending basket has enabled it to achieve 63 per cent increase in net interest income of Rs.324 crore in FY15. With the rising loan portfolio and high yield on loan assets at 13 per cent (Q3FY16), we expect the net interest income to scale up by 20.3 per cent in FY16 to Rs.390.20 crore and by 31.3 per cent in FY17 to Rs.512.42 crore.

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