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.