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Renewable energy projects constitute 40% of PTC Financial Services loan book

According to reports, PTC India Financial Services Ltd today said profit after tax rose 4.34 per cent to Rs 30 crore in the quarter ended September 30.

The company had posted a profit of Rs 28.75 crore a year earlier, PTC India Financial Services said in a statement. Revenue increased 50 per cent to Rs 109.45 crore in the second quarter from Rs 73.10 crore.

“We would constantly endeavour to maintain our growth trajectory with emphasis on renewable energy and diversification across energy value chain,” Rajender Mohan Malla, Managing Director & CEO, said in the statement.

The company’s total outstanding loan assets were at Rs 3,125 crore as of September 30.

“Renewable projects constitute about 40 per cent of our total loan book. We would continue to proactively focus on the renewable energy portfolio thereby aiding quality growth,” Malla said.

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