Non-Banking Financial company PTC India Financial Services announced Q4FY23 & FY23 results:
- Q4FY23 vs Q4FY22:
- Total Income for Q4FY23 stood at Rs 199.70 crore compared to Rs 231.35 crore in Q4FY22
- Profit before Tax (PBT) and Profit after Tax (PAT) for Q4FY23 stood at Rs 45.45 crore and Rs 36.41 crore compared to Rs 33.52 crore and Rs 24.98 crore in Q4FY22 respectively
- Yield on Earning Portfolio improved to 10.61% in Q4FY23 compared to 10.52% in Q4FY22
- Debt Equity Ratio improved to 2.09 times in Q4FY23 compared to 3.14 times in Q4FY22
- Net Interest Margin (NIM) (Earning Portfolio) increased to 4.35% in Q4FY23 compared to 4.30% in Q4FY22
- Spread (Earning Portfolio) for Q4FY23 stood at 2.50% compared to 2.92% in Q4FY22
- Cost of borrowed funds has been increased to 8.11% in Q4FY23 compared to 7.60% in Q4FY22
- Q4FY23 vs Q3FY23:
- Total Income for Q4FY23 stood at Rs 199.70 crore compared to Rs 194.33 crore in Q3FY23
- Profit before Tax (PBT) and Profit after Tax (PAT) for Q4FY23 stood at Rs 45.45 crore and Rs 36.41 crore compared to Rs 48.97 crore and Rs 36.17 crore in Q3FY23 respectively
- Yield on Earning Portfolio increased to 10.61% in Q4FY23 compared to 10.35% in Q3FY23
- Debt Equity Ratio improved to 2.09 times in Q4FY23 compared to 2.24 times compared Q3FY23
- Net Interest Margin (NIM) (Earning Portfolio) improved to 4.35% in Q4FY23 compared to 4.00% in Q3FY23
- Spread (Earning Portfolio) for Q4FY23 stood at 2.50% compared to 2.69% in Q3FY23
- Cost of borrowed funds has been increased to 8.11% in Q4FY23 compared to 7.66% in Q3FY23
- FY23 vs FY22:
- Total Income for FY23 stood at Rs 797.08 crore compared to Rs 968.75 crore in FY22
- Profit before Tax (PBT) for FY23 increased to Rs 232.37 crore compared to Rs 173.91 crore in FY22
- Profit after Tax (PAT) increased to Rs 175.81 crore in FY23 compared to Rs 129.98 crore in FY22
- Yield on Earning Portfolio stood at 10.51% in FY23 compared to 10.60% in FY22
- Net Interest Margin on earning portfolio increased to 4.23% in FY23 compared to 4.19% in FY22
- Business (disbursements) of Rs 2,253 crore has been made in FY23
- The total outstanding credit i.e. aggregate of loan assets and non-fund based commitments against sanctioned loans, stood at Rs 7,339 crore as on 31 March, 2023
- Capital Adequacy Ratio as on 31st March, 2023 stood at 33.05%
- Return on Net worth for the year ended 31st March, 2023 stood at 7.47%