PTC India Financial Services Limited has informed the Exchange about Transcript
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PTC India Financial Services reported Q1 FY26 results with PAT jumping to INR137 crores from INR58 crores in Q4 FY25, driven by large NPA resolutions. Gross Stage 3 (NPAs) fell from 15% to 10.22% and Net Stage 3 from 6.56% to 4.13% after resolving three stressed accounts: NSL (recovered full INR125 crores), Vento (INR115 crores winning bid, INR20 crores received), and IL&FS (upgraded to Standard). Total income dipped to INR142 crores from INR155 crores due to lower AUM from scheduled repayments. Q1 disbursements were INR138 crores (entirely to private sector) versus a full-year target of INR4,000 crores. Management confirmed Q2 target of INR1,000-1,200 crores disbursements, supported by INR600 crores sanctioned in July and a pipeline of over INR1,000 crores. New leadership (Director Operations, SME head, CIO) has been onboarded and cost of borrowing improved marginally to 9.67%.
Major NPA cleanup is a strong positive, boosting profitability and balance sheet quality, while a sharply higher Q2 disbursement target signals expected recovery in business momentum. The company remains well-capitalized with INR1,500 crores liquidity, though AUM growth and ability to raise fresh funding at lower costs will be key to watch in coming quarters.