In November 2018, the RBI, with a view to provide liquidity support to non-banking financial companies (NBFCs), allowed banks to provide PCE facility to NBFCs to support their bond issuances.
Total revenue during March quarter stood at Rs 331.05 crore, up from Rs 296.75 crore in the year-ago period, it said in a release.
This arrangement also includes a partial credit enhancement (PCE) facility of Rs 400 crore, which will support Rs 2,000 crore bond issuance.
This is the verbatim transcript of PTC India Financial Services management call with analysts.
Its net profit was at Rs 60.37 crore in the corresponding July-September period of 2017-18.
Tight liquidity conditions combined with specific credit issues (IL&FS) led to a big reset for NBFCs as well as housing finance companies (HFCs).
Sharekhan recommended hold rating on PTC India Financial Services with a target price of Rs 21 in its research report dated August 30, 2018.
Total revenues for the first quarter of 2018-19 stood at Rs 325.19 crore, up from Rs 300.13 crore during the first quarter of the previous fiscal, the company said in a statement today.
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.
The company had registered a net profit of Rs 67.45 crore in the April-June quarter of previous fiscal.
Axis Direct is bullish on PTC India Financial Services has recommended buy rating on the stock with a target price of Rs 52 in its research report dated June 02, 2017.
PTC India Financial Services (PFS) has reported a 124 percent rise in standalone net profit to Rs 110 crore for fourth quarter ended March 2017.
ICICI Direct recommended hold rating on PTC India with a target price of Rs 42 in its research report dated March 31, 2017.
In a BSE filing, PFS said, "it has divested its entire stake in India Energy Exchange (IEX) for an amount of Rs 132.54 crore".
Ashok Haldia, MD & CEO, PTC India Financial Services said the proceeds from this stake sale will help strengthen balance sheet and augment their ability to grow further.
In a BSE filing, PTC India Financial Services said, "it has divested its entire stake in India Energy Exchange (IEX) for an amount of Rs 132.54 crore".
Axis Direct is bullish on PTC India Financial Services has recommended buy rating on the stock with a target price of Rs 49 in its research report dated February 23, 2017.
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.
PTC India Financial Services (PFS) today reported a rise of 19.8 per cent in its net profit at Rs 83.22 crore during the third quarter ended December 2016 of the current fiscal.
Ashish Kyal of Waves Strategy Advisors is of the view that one may buy United Spirits with a target of Rs 2510.
Ashwani Gujral of ashwanigujral.com suggests buying Escorts, Punjab National Bank, PTC India Financial Services, NHPC and Century Plyboards.