PTC India Financial Services Q2 profit rises 65% to Rs 52 crore
PTC India Financial Services (PFS) on Tuesday reported a 65 per cent 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 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 per cent in Q2FY22 compared to 3.70 per cent in Q2FY21. Capital adequacy ratio for the quarter stood at 26.06 per cent hereby providing strong cushion for growth and expansion, it said.
