Q1 2025 PTC India Financial Services Ltd Earnings Call Transcript
Key Points
- PTC India Financial Services Ltd (BOM:533344) reported a significant improvement in Q1 FY25 compared to the preceding year, indicating a return to the growth path.
- The company achieved a disbursement of INR566 crores in Q1 FY25, which is almost equivalent to the total disbursement of the previous financial year.
- The portfolio increased to INR5,577 crores, showing a positive trend in asset growth.
- Profit before tax (PBT) increased to INR59 crores in Q1 FY25 from INR19 crores in the previous quarter, driven by a reduction in ECL provisioning.
- The company maintained its yields on portfolios despite an increase in the cost of funds due to a downward revision of its credit rating.
- Total income for Q1 FY25 was INR160 crores, showing a marginal decline compared to the previous quarter.
- The company experienced a significant repayment of around INR1,400 crores in the last quarter, which impacted the overall income.
- There was an increase in the cost of funds due to a downward revision of the company's credit rating on June 12.
- The company has a high dependency on bank funding, with nearly 97% of funds coming from banks, indicating a need for diversification.
- The company is still dealing with legacy issues and stressed assets, which require significant resolution efforts and could impact future performance.
Ladies and gentlemen, good day, and welcome to the PTC India Financial Services Q1 and FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Priya Chaudhary. Thank you, and over to you, ma'am.
Yeah. Hi. Good afternoon, everyone. I'm Priya Chaudhary. I'm part of the Investor Relations team at PTC India Financial, and welcome to the investor call for a discussion on Q1 financial year '25 results of PTC India Financial.
There are a lot of positives that we will be discussing in the course of this call but let me start with the first. It gives us immense pleasure to welcome our CEO and MD, Mr. R. Balaji, to this call. He is joined by Mr. K. Srinivas, he is the Executive Director; Mr. Sitesh Sinha, he is the Executive Vice President; and Mr. Abhinav Goyal, who is the Vice President.
Over to you, sir.
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