PFS net profit plunges 66% in Q4

The stock was trading at Rs 48, down 17.95%, on BSE at 1500 hrs.

New Delhi: PTC India Financial Services (PFS) reported a 65.91 percent decline in net profit at Rs 15.80 crore in January-March this year, from Rs 46.36 crore a year ago, the company said in a BSE filing.

For the entire 2014-15, the net profit stood at Rs 160.87 crore, from Rs 207.71 crore in the previous fiscal.

The total revenue for the fourth quarter of 2014-15 grew 45 percent to Rs 217.25 crore from Rs 149.44 crore in the same period last year.

Similarly, the company's total revenue for the full year stood at Rs 801.91 crore as against Rs 463.99 crore (other than profit on sale of investments) in 2013-14, it said.

Promoted by PTC India, PFS is a non-banking finance company and has been granted the status of an Infrastructure Finance Company (IFC) by the Reserve Bank of India.

The company offers an array of financial products to infrastructure companies in the entire energy value chain. It also provides fee-based services such as loan syndication and underwriting.

The stock was trading at Rs 48, down 17.95%, on BSE at 1500 hrs.

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