PTC India Financial Services Q2 results: Net profit falls 28% to Rs 32 crore
NEW DELHI: PTC India Financial Services NSE -4.49 % (PFS) has reported a 28 per cent decline in its net profit to Rs 31.85 crore for the September 2020 quarter. The non-banking finance company had posted a net profit of Rs 44.24 crore in the corresponding quarter of the previous financial year.
“The net profit stands at Rs 32 crore, with an improvement in our net interest margins to 3.58 per cent. With much-needed liquidity boost, we are now increasing our focus on lending towards sustainable infrastructure projects, renewables, HAM (hybrid annuity model) projects, waste management, sewage treatment plants, gas distribution and electric vehicle charging,” PFS said in a statement on Friday.
