PFS records total revenue of Rs 94.07 crores in Q3 FY12
PTC India Financial Services Limited (PFS) has recorded total revenue of Rs. 94.07 crore in Q3 FY12, compared to Rs. 28.94 crore in the same quarter previous year. PAT increased to Rs. 57.90 crore from Rs. 5.71 crore in Q3 FY11. The Indian non-banking finance company institution recorded nil NPAS as on December 31, 2011 and 3.19 per cent return on assets (ROA) for Q3 FY12. The Net Interest Margin (NIM) stood at 8.12 per cent and spread at 4.62 compared to 6.85 per cent and 5.24 per cent respectively in Q3 FY11. One of the reasons for higher NIM is utilization of IPO proceeds before resorting to borrowing for financing activities. Net Interest Income considered for NIM and spread does not include interest income of Rs. 4.73 crore on treasury float on temporary surplus funds, included in other income of Rs. 4.82 crore for Q3 FY12.