The Exchange had sought clarification from PTC India Financial Services Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted is not as per format prescribed by SEBI. The response of the Company is enclosed.
PFS · price
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Awaiting price reaction for this filing.
NSE had asked PTC India Financial Services (PFS) to explain why its standalone and consolidated quarterly results were identical, which is unusual. The company clarified that it has no subsidiaries, only two associates (RSIWEPL and VBPL), whose investments were fully impaired (₹65.51 crores) earlier and VBPL is under liquidation, so associate results show nil impact. Going forward, PFS has decided to stop preparing consolidated results from April 1, 2026. For Q3 FY26, the company reported revenue from operations of ₹121.74 crores (down from ₹131.84 cr in Q2 FY26) and profit after tax of ₹49.09 crores (down from ₹88.14 cr in Q2 FY26); 9M FY26 PAT stood at ₹273.86 crores. The filing also highlights recoveries including ₹115.61 crores from VIPL NPA resolution, ECEPL's dissolution under IBC with ₹133.39 crore written off as a tax-deductible business loss, and a ₹2.43 crore one-time impact from the new Labour Codes.
Routine clarification with no negative regulatory action against the company. The decision to drop consolidated reporting from FY27 simplifies disclosures but the NSE query highlights governance scrutiny. Investors should note the declining sequential profitability and large one-off recoveries/NPA resolutions that boosted the 9M FY26 numbers.