Ptc India Financial Services

ICRA downgrades PTC Financial Services short-term rating over operations

Failure to improve business volumes may impact profitability of Delhi-based NBFC, says agency

Stocks to watch: RIL, Tata Motors, Nykaa, ABFRL, Equitas SFB, Suven Life

Stocks to watch today: Tata Motors bagged order for 1,000 buses from Haryana Roadways; ABFRL inked pact with Galeries Lafayette to open luxury department stores in India

PTC India Financial Services posts multi-fold rise in FY22 net to Rs 129 cr

PTC India Financial Services (PFS) on Thursday reported a multifold jump in its net profit to Rs 129.98 crore for the fiscal year ended in March 2022 compared to Rs 25.60 crore for 2020-21. In delayed earnings announcement, the non-banking finance company, promoted by PTC India, said it is now positioned to focus on growth and performance. "Forensic audit report has no findings of fraud or diversion of funds or material financial impact on the financials of the company," it said in a release. Capital adequacy ratio for the quarter ended March 2022 stood at 26.71 per cent hereby providing strong cushion for growth and expansion, it said. Total income stood at Rs 968.74 crore in FY22, down by 15 per cent from year ago's Rs 1,139.45 crore. While, the net interest income (NII) for FY22 stood at Rs 344.92 crore compared to Rs 353.74 crore in FY21. The aggregate loan assets and non-fund based commitments against sanctioned loans, stood at Rs 8,686 crore at end of March 2022. Loan asset

Auditor gave satisfactory report on business operations, says PFS

The forensic audit began after former chairman and outgoing independent directors of PFS raised governance and other issues in January this year

Taking steps to address compliance issues: PTC CMD Rajib K Mishra

PTC in a statement on Thursday said a board meeting to declare the financial results would be called shortly

Sebi denies permission to crisis-hit PFS to hold board meeting

In January, all the three independent directors on the company's board had resigned over corporate governance issues and other matters

PTC India's independent director Rakesh Kacker resigns amid PFS saga

PTC India informed BSE about resignation by Kacker and also appended resignation letter along with communication.

PTC India Fin Services ind directors' charges aim to malign firm: PTC chief

PTC India, which holds 64.99% in PFS as promoter, has already formed an internal panel consisting of executive directors and chief financial officer to probe changes

PTC India Fin trashes charges, says following best governance practices

Stock tanks 18.3% as independent directors resign

Market wrap: Sensex falls for a 3rd day, sheds 634 pts; Nifty holds 17,750

PTC India slumps 18% after 3 independent directors quit; SBI Card hits 52-week low; Mastek tumbles 11% on muted Q3 numbers; AGS Transact Technologies IPO subscribed 1.4 times on day 2

Market wrap: Sensex falls for a 3rd day, sheds 634 pts; Nifty holds 17,750

PTC India slumps 18% after 3 independent directors quit; SBI Card hits 52-week low; Mastek tumbles 11% on muted Q3 numbers; AGS Transact Technologies IPO subscribed 1.4 times on day 2

PTC India Financial slumps 19% on resignation of 3 independent directors

Three independent directors of the NBFC have resigned from the board with immediate effect citing instances of alleged serious lapses in corporate governance and compliance.

Three independent directors of PTC India Financial Services resign

On January 10, the company secretary informed that Rantesh has re-joined NTPC

PTC India Financial Services Q2 profit rises 65% to Rs 52 crore

The company on Tuesday reported a 65 per cent jump in its net profit

PTC India Fin Services net profit falls 28% to Rs 32 cr in Sept quarter

PTC India Financial Services (PFS) has reported a 28 per cent decline in its net profit to Rs 31.85 crore for the September 2020 quarter

PTC India considers selling controlling stake in its Financial Services arm

PTC financial Services, on standalone-basis, reported a sharp drop in annual profit to Rs 109.99 crore for FY20 from Rs 184.14 cr in FY19

Rating agency Brickwork downgrades PTC Financial Services to AA- from AA

The negative growth in the loan book of PFS, a unit of PTC India, is on account of funding challenges faced by NBFCs

PTC India Financial Services thermal energy exposure to go below 10%

PFS says it is shifting its focus towards renewable energy (RE), roads and transmission

PFS resolves stressed SKS Power Generation; unit sold to Singapore company

Due to the closure of the mentioned transaction, PFS' stressed loan portfolio has come down by Rs 341.53 crore during Q4 of FY 2019

Ensure returns while investing in power sector, Power Secy to PFS

Power Secretary A K Bhalla Tuesday said PTC India Financial Services (PFS) should be careful and cautious while making investments in power sector and also ensure returns. The word of caution comes at a time when the power sector is reeling under stress due to various reasons including stranded projects, delayed payments by discoms and fuel shortage, among others. "I wish them (PFS) all the best...may they emerge as the best NBFC on the lines of our other NBFCs (PFC and REC), compete with people, invest money properly, ensure that you get returns also, (power) sector has a plenty of scope. So be careful and be cautious in investing money," Bhalla said. He was speaking at a function to launch three Mobile Health Clinics (MHCs) by PFS. The MHCs would provide medical outreach services to the underprivileged in the rural and remote areas of Delhi-NCR. The mobile clinics were flagged off by Bhalla in the presence of PTC India Chairman & Managing Director Deepak Amitabh, PFS MD & ...