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Net Interest Income (NII) is expected to increase by 2 percent Y-o-Y (up 4.9 percent Q-o-Q) to Rs. 116.4 crore, according to Sharekhan.
PTC India Financial Services' Q1 earnings are in focus where asset quality woes continue but healthy loan growth aids earnings. In an interview to CNBC-TV18, Ashok Haldia, MD and CEO of the company spoke about the results and his outlook for the company.
In Q3 results released on Monday, the company said its net profit had risen 19.8 percent year-on-year to Rs 83.2 crore.
In an interview to CNBC-TV18, Pawan Singh, Director & CFO of PTC India Financial Services spoke about the latest happenings in his company and sector.
PTC India is in discussion with Ministry of New and Renewable Energy (MNRE) to get the power market introduced in the renewable sector. The discussions are at an advanced stage. "We believe during this year this market should also begin", Deepak Amitabh, CMD of PTC India said.
The government's renewables push will boost the company's performance in FY17, says CEO and MD Ashok Haldia.
Ashok Haldia MD & CEO of PTC India Financial says cautious provisioning of assets will help reduce the NPAs.
PTC's net interest margin for the March quarter was 6.04 percent and for FY15 as a whole, it was 6.3 percent. Gross non-performing assets stood at 1.28 percent of the total assets
R M Malla, managing director and chief executive officer, PTC India Financial Services says the company‘s net interest margins (NIMs) continue to stand over 6 percent.
"We are continuously working on cost reduction. Our interest spread will continue to remain around 4.4 percent," RM Malla, MD & CEO, PTC India Financial Services said.
NII has jumped 34 percent against Q1 in 2013. NIM has come down from 9.07 percent to 7.04 percent because of increase in loan borrowings and disbursements. Cost of funds is at 8.46 percent, against 8.66 percent in the first quarter of 2013.
The stock, however, was down 2.9 percent on the stock market at 12:22 IST based on weak earnings.