PTC India Financial Services posted profit in Q2
By Vaibhav Aggarwal
Nov 15, 2012
Print    Email    RSS   

The non-banking finance company, PTC India Financial Services Ltd (PFC) recorded 27 per cent growth in its net profit for second quarter of this fiscal which ended on September.

During July-September 2012-2013, PFC earned a profit after tax of Rs 28.75 crore as compared to Rs 22.64 crore in the corresponding quarter of the previous year.

Higher revenues have also been recorded at Rs 73.10 crore in the second quarter against Rs 57.82 crore in the same quarter last year.

The company has also kept the cost of the funds lower despite of higher interest rates to remain competitive in the market.

In Q2, the overall cost of funds also dipped to 8.20 per cent against 10.22 per cent in the corresponding quarter of the previous year.

The company also mentioned in the statement that total effective debt sanctions for Q2 is Rs 7,589 crore against Rs 6.335 crore in the previous year.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Pay income tax through ATM
Carnival of Indian Personal Finance Blogs #1
Now, Do Banking on Social Media Sites
Benefits and drawbacks of personal loans...
An Insight into Lending Rate Changes

HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive