Net Profit Surges 29% YoY to ₹217 Cr; No Dividend Declared Amid Growth Focus
New Delhi, May 9, 2025 – PTC India Financial Services Ltd (NSE: PFS, BSE: 533344) reported its audited financial results for the quarter and financial year ended March 31, 2025, showing significant improvement in profitability despite muted interest income and ongoing regulatory challenges.
Key Financial Highlights
| Particulars | FY25 (₹ Cr) | FY24 (₹ Cr) | YoY Change |
|---|---|---|---|
| Total Income (Consolidated) | 638.00 | 776.57 | -17.9% |
| Net Profit (Consolidated) | 215.42 | 159.93 | +34.7% |
| Net Profit (Standalone) | 217.05 | 160.75 | +29.9% |
| EPS (Basic & Diluted) (₹) | 3.38 | 2.50 | +35.2% |
| Total Assets | 5,682.59 | 6,524.93 | -12.9% |
| Net Worth | 2,754.32 | 2,538.74 | +8.5% |
| Gross Stage 3 Ratio | 13.68% | 11.99% | +169 bps |
| Net Stage 3 Ratio | 6.63% | 4.28% | +235 bps |
- Interest income declined to ₹623.21 Cr in FY25 from ₹750.58 Cr in FY24, reflecting a conservative lending approach.
- The company achieved a significant reduction in impairment expenses to ₹(11.06) Cr from ₹87.57 Cr, driving profit growth.
Q4 FY25 Performance (Standalone)
| Particulars | Q4 FY25 | Q3 FY25 | Q4 FY24 |
|---|---|---|---|
| Total Income | ₹155.24 Cr | ₹158.12 Cr | ₹176.92 Cr |
| Net Profit | ₹58.16 Cr | ₹67.14 Cr | ₹13.84 Cr |
| Operating Margin (%) | 46.82% | — | — |
| Net Profit Margin (%) | 37.46% | — | — |
Segment Performance & Portfolio Quality
PTC Financial’s core business remains focused on infrastructure project financing. The company has no reportable geographical segments. Its gross Stage 3 asset ratio rose to 13.68%, while net Stage 3 stood at 6.63%, indicating improved provisioning.Corporate Announcements
- Dividend: The Board decided not to recommend any dividend for FY25, citing expansion plans and prevailing economic uncertainties.
- Regulatory Developments:
- Received four show-cause notices from the Registrar of Companies. A penalty of ₹6.40 lakh has been provided; one case has been compounded.
- A past complaint from 2018 is under ROC review; the company expects no material financial impact.
Management Commentary
Balaji Rangachari, Managing Director & CEO:Strategic Outlook
- The company highlighted its robust liquidity position with ₹762.52 Cr in cash and equivalents and ₹349.22 Cr in other bank balances.
- It intends to continue focusing on high-quality infrastructure financing, improving asset quality, and maintaining capital adequacy (59.65%).
Security Cover & Covenant Compliance
As per the Annexure III (Pages 16–23):- NCD Series 4 and Infra Bonds Series 2 have security cover ratios of 4.20x and 3.89x, respectively, well above the required threshold.
- All financial and non-financial covenants have been met, as certified by statutory auditors.
Conclusion:
PTC India Financial Services has delivered a strong financial turnaround in FY25, supported by lower provisioning and improved operational controls. Despite pressures on loan growth and asset quality, the company remains adequately capitalized and liquid, positioning itself for stable medium-term growth.