Up to date: Aug 05, 2020 10:47 IST
New Delhi [India], Aug 5 (ANI): PTC India Financial Services stated on Wednesday that its profit after tax moved up 169 per cent to Rs 26.57 crore within the first quarter of present fiscal from Rs 15.64 crore in Q1 FY20.
The debt-equity ratio improved to 4.34 in Q1 FY21 in comparison with 5.15 in Q1 FY20. Internet curiosity margin improved to three.36 per cent as in comparison with 2.99 per cent in the identical interval.
On the identical time, the cost of borrowed funds lowered to eight.76 per cent in Q1 FY21 as in opposition to 9.13 per cent in Q1 FY20 whereas curiosity unfold improved to 2.8 per cent from 2.37 per cent.
The corporate obtained additional credit lines of Rs 500 crore in Q1 FY21. The entire excellent credit score — mixture of mortgage property and non-fund primarily based commitments in opposition to sanctioned loans — stood at Rs 11,561 crore as on June 30.
Mortgage property aggregated to Rs 11,109 crore and excellent non-fund primarily based commitments totalled Rs 452 crore. The capital adequacy ratio as on June 31 stood at 23.75 per cent comprising tier one at 22.97 per cent and tier two at 0.78 per cent.
PTC India stated its debt to equity ratio has improved to 4.34 and the price of borrowing for the quarter ended June 30 stood at 8.76 per cent.
“In these difficult situations, the corporate has delivered a resilient efficiency with robust liquidity place, value discount and improved money flows,” it stated in a press release.
“We proceed to be constructive on development prospects primarily based on the brand new alternatives in lending to sectors akin to renewable, transmission, highway hybrid annuity mannequin, annuity initiatives and sustainable infrastructure initiatives.” (ANI)