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Finance company PTC India Financial Services announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

• Total Income for Q4FY24 stood at Rs 176.92 crore as compared to Rs 199.70 crore in Q4FY23
• Profit before Tax (PBT) and Profit after Tax (PAT) for Q4FY24 stood at Rs 19.27 crore and Rs 13.85 crore compared to Rs 45.45 crore and Rs 36.41 crore in Q4FY23 respectively
• Yield on Earning Portfolio improved to 11.91% in Q4FY24 compared to 10.61% in Q4FY23
• Debt Equity Ratio improved to 1.54 times in Q4FY24 compared to 2.09 times in Q4FY23
• Net Interest Margin (NIM) (Earning Portfolio) increased to 4.92% in Q4FY24 compared to 4.35% in Q4FY23
• Spread (Earning Portfolio) for Q4FY24 improved to 2.79% compared to 2.50% in Q4FY23
• Cost of borrowed funds stood at 9.12% in Q4FY24 compared to 8.11% in Q4FY23 

FY24 Financial Highlights:

• Total Income for FY24 stood at Rs 776.28 crore compared to Rs 797.08 crore in FY23
• Profit before Tax (PBT) and Profit after Tax (PAT) for FY24 stood at Rs 215.98 crore and Rs 160.75 crore compared to Rs 232.37 crore and Rs 175.82 crore in FY23 respectively
• Yield on Earning Portfolio improved to 11.38% in FY24 compared to 10.51% in FY23
• Debt Equity Ratio improved to 1.54 times in FY24 compared to 2.09 times FY23
• Net Interest Margin (NIM) (Earning Portfolio) increased to 4.82% in FY24 compared to 4.23% in FY23
• Spread (Earning Portfolio) for FY24 stood at 2.68% compared to 2.83% in FY23
• Cost of borrowed funds have been increased to 8.70% in FY24 compared to 7.68% in FY23
• Net Interest Income (NII) for FY24 increased to Rs 340.59 crore compared to Rs 334.66 crore in FY23

Result PDF