PTC India Financial is in focus on the back of its Q2 earnings. It’s been a sequentially good performance, profit after tax is up 20 percent and margins have held steady. The assets under management is down about 12 percent year-on-year (YoY), there is marginal pick up, less than 1 percent pick up quarter-on-quarter (QoQ). Net interest income (NII) is down about 11 percent YoY.
Talking about NIMs Pawan Singh, MD and CEO of PTC India Financial said, “The spread what we have got is close to 2.83 on the running loan book, so we are confident that spreads would be maintainable at this level and NIMs also would be closer to the levels which we have got now.”
“We hope to have a disbursement of over Rs 3,000 crore in FY21, it is almost 25 percent growth over the previous year,” Singh added.
“Asset quality will improve, in this quarter we are hoping to get rid of assets close to about Rs 250 crore, a large part of it will get resolved in the current year itself maybe towards the third or fourth quarter. The resolutions that we have estimated and we have planned and we go by and large by that, I think we could expect an improvement of 50 percent on my GNPA levels.”To know more about the company's Q2 performance, watch the video.