PFS Sanctions loan of Rs 825 crores

PTC India financial Services (PFS) informed stock exchanges that it has sanctioned loans aggregating to about Rs 825 crores. The loan is for providing financial assistance to power/infrastructure sector in India.

PFS a non-banking finance company (NBFC) is a leading infrastructure finance company in India. The company offers an array of financial products to infrastructure companies in entire energy value chain.

The company is focusing on increasing its loan portfolio in clean energy projects in India. It sanctioned loan of Rs 1000 crores to 9 renewable energy and energy efficiency projects in September this year. The current loan sanction will help it further expand into renewable energy projects. The cumulative loan assistance sanctioned during the current financial year has reached Rs 4330 crores against Rs 3562 crores from April to December period in 2015. An increase of 21.56 per cent on yearly basis.

On the financial front PFS's total operating revenue increased by 46.83 per cent to Rs 802 crores in FY15 compared to Rs 546 crores in FY14. The EBITDA recorded by the company in the same period was at Rs 667 crores an increase of 30.71 per cent and EBITDA margin is of 83.15 percent compared to 93.40 percent for same period last year. The net profit of the company for FY15 stood at Rs 161 crores an decrease of 22.55 percent on yearly basis. The decrease in net profit is driven by substantial increase in interest and tax expenses.

The company has a total debt of Rs 4924.6 crores for FY15 an increase of 30.63 per cent from previous year. The debt burden for FY15 stands at 73 per cent of total assets of company.

The total FII in September 2015 increased to 13.89 per cent compared to 13.81 per cent in June 2015. The total DII for the same period decreased to 2.91 per cent from 2.96 per cent in June 2015. The stock of the company was trading at Rs. 40.25 an increase of 4 per cent from the previous close.