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PTC India Financial Services spurts on blockbuster earnings (10:39, 27 Jan 2012)

Meanwhile, the BSE Sensex was up 125.70 points, or 0.74%, to 17,202.88.

On BSE, 8.20 lakh shares were traded in the counter as against an average daily volume of 82,650 shares in the past one quarter.

The stock hit a low of Rs 14.50 so far during the day. The stock had hit a record low of Rs 9.70 on 22 December 2011. The stock had hit a record high of Rs 28 on 30 March 2011.

The stock had outperformed the market over the past one month until 25 January 2012, gaining 38.15% compared with the Sensex's 8.50% rise. The scrip had, however, underperformed the market in past one quarter, falling 7.22% as against 1.03% fall in the Sensex.

The small-cap non-banking finance institution has an equity capital of Rs 562.08 crore. Face value per share is Rs 10.

Net profit of PTC India Financial Services surged 914.01% to Rs 57.90 crore on 275.7% spurt in operating income to Rs 89.68 crore in the quarter ended December 2011 over the quarter ended December 2010.

Total loans sanctioned by the company stood at Rs 4979 crore as on 31 December 2011, as against Rs 3334 crore as on the year ended March 2011.

PTC India Financial Services is non-banking finance institution promoted by PTC India. The company offers an integrated suite of financial services with a focus on infrastructure development, including providing debt financing (short-term and long-term) and making principal investments in, private sector Indian companies in the power sector, including power generation, equipment supply and fuel source projects. PFS is currently focused primarily on power generation projects in India and also provides fee based syndication and other services as well as carbon credit financing against Certified Emissions Reduction (CER). It also received the Infrastructure Finance Company (IFC) status in FY 2011

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