New Delhi : PTC India Financial Services (PFS) reported a jump in profit after tax during the first nine months of the current financial year 139.40 crore against 105.01 crore during the comparable period of the previous financial year.
on net sales 194.31 crores in December 2022, down 15.06% from Rs. 228.75 crore in December 2021,” the company said.
It states that the quarterly net profit is Rs. 36.18 cr in Dec 2022 up by 421.71%. 6.93 crore in December 2021.
The company has a strong pipeline of approx. 5,600 crore for new business proposals in pre-approval stages, the company said.
“The company has requested its bankers for an additional credit line of Rs 3,000 crore to accelerate the pace of growth,” PFS said in a statement.
The company further said that the recent green budget is going to provide many business opportunities for the company.
“We have resumed our active credit enhancement efforts since December. In order to achieve the desired level of growth and performance, our Board has started inducting fresh talent into the company. We will continue to work with our banking partners to build a strong pool of loan project opportunities over the next quarter.”
The Management clarified that the total outstanding loan i.e. sum total of loan assets and non-fund based commitments against sanctioned loans stood at Rs. 7,301 crore by December 31, 2022.
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