PTC India Financial Services shares jump over 5 pc after Q1 earnings

Shares of PTC India Financial Services (PFS) on Wednesday closed over 5 per cent higher after the company reported over 69 per cent jump in its consolidated net profit for the first quarter ended June 30.

Shares of PTC India Financial Services (PFS) on Wednesday closed over 5 per cent higher after the company reported over 69 per cent jump in its consolidated net profit for the first quarter ended June 30. The stock closed at Rs 18.50, registering a gain of 5.41 per cent on the BSE. During the day, it rose by 6.55 per cent to its one-year high of Rs 18.70.

On the NSE, it gained 4.82 per cent to close at Rs 18.45. PFS on Tuesday reported 69.8 per cent jump in its consolidated net profit to Rs 26.56 crore for the first quarter ended June 30.

The financier, which mainly caters to the infrastructure and power sector, had registered net profit of Rs 15.64 crore in the same quarter a year ago. Total income (consolidated) of the company, however, fell to Rs 298.11 crore during April-June, from Rs 352.19 crore in the same period last fiscal, PFS said in a regulatory filing.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)