PTC India approved new loans worth INR 1,757 crore in Q1- FY22
PFS aims to increase renewable energy investments, which currently make up half of its loan portfolio.
During the quarter ended June (Q1 FY22), PTC India Financial Services (PFS) approved new loans of Rs 1,757 crore and disbursed Rs 1,254 crore.
The PTC India Financial Services portfolio includes financial products for infrastructure companies across the full value chain of the energy industry as well as for other infrastructure companies.
It is a non-banking finance company promoted by PTC India Ltd. Additionally, it provides fee-based services such as loan syndication and underwriting.
The company earned a profit (net of tax) of Rs 1.46 crore from the realization of loans from an NPA account. In the current financial year, the company expects to resolve a few more stress accounts.
In the quarter ended June 30, the debt to equity ratio improved to 3.95 times, and the capital adequacy ratio stood at 24.49 percent. This has helped in providing additional room for growth and expansion.
In the near future, PFS aims to increase renewable energy investments, which currently make up half of its loan portfolio.
Furthermore, the company will focus on developing sustainable green infrastructure projects like renewable energy, wastewater treatment plant, e-mobility, and e-vehicles.
Connect with Power Insight: Facebook | LinkedIn | Twitter
