PFS Q2 FY27 Net Profit Drops 50% YoY

Total Income: ₹113.67 Cr (Q2 FY26: ₹131.86 Cr)
Profit Before Tax: ₹17.02 Cr (Q2 FY26: ₹117.63 Cr)
Tax Expense: ₹(27.02) Cr, including deferred tax (Q2 FY26: ₹29.49 Cr)
Profit After Tax (Net Profit): ₹44.04 Cr (Q2 FY26: ₹88.14 Cr)
Net Interest Income: ₹54.28 Cr (Q2 FY26: ₹62.42 Cr)
Earnings Per Share (EPS): ₹0.69 (Q2 FY26: ₹1.37)
Net Interest Margin (NIM): 4.43% (on Stage 1 + Stage 2 loans only)
Cost to Income Ratio: 13.90%

Total Income: ₹216.98 Cr (H1 FY26: ₹274.10 Cr)
Profit Before Tax: ₹71.27 Cr (H1 FY26: ₹263.94 Cr)
Tax Expense: ₹(13.01) Cr, including deferred tax (H1 FY26: ₹39.17 Cr)
Profit After Tax (Net Profit): ₹84.28 Cr (H1 FY26: ₹224.77 Cr)
Net Interest Income: ₹102.99 Cr (H1 FY26: ₹128.60 Cr)
Earnings Per Share (EPS): ₹1.31 (H1 FY26: ₹3.50)
Net Interest Margin (NIM): 4.41% (on Stage 1 + Stage 2 loans only)
Cost to Income Ratio: 16.59%

Loan Assets (AUM): ₹3,684 Cr as of September 30, 2026 (Q1 FY27: ₹2,946 Cr; Q2 FY26: ₹3,697 Cr; FY26: ₹3,292 Cr). This includes loan, loan converted debenture, interest accrued, and IND AS adjustments.
Loan Sanctioned (Q2 FY27): ₹3,098 Cr (Q2 FY26: ₹1,048 Cr). Reported as the highest in the past 8 years.
Loan Sanctioned (H1 FY27): ₹3,098 Cr (H1 FY26: ₹1,255 Cr; FY26: ₹3,448 Cr)
Loan Disbursed (Q2 FY27): ₹1,595 Cr (Q1 FY27: ₹117 Cr; Q2 FY26: ₹326 Cr)
Loan Disbursed (H1 FY27): ₹1,712 Cr (H1 FY26: ₹464 Cr; FY26: ₹1,235 Cr). Q2 disbursement was the highest in the past 4 years.
Capital Adequacy Ratio (CAR): 70.99% (Q1 FY27: 68.91%; Q2 FY26: 62.63%)
Debt Equity Ratio: 0.45 Times (Q1 FY27: 0.49 Times; Q2 FY26: 0.76 Times)
Return on Net Worth (Annualized): 5.64% (Q2 FY26: 12.30%)
Return on Assets (Annualized): 3.65% (Q2 FY26: 6.50%)

The company is an RBI-classified Infrastructure Finance Company (IFC), incorporated in September 2006 and a subsidiary of PTC India Limited.
Its aim is to be the most preferred financial partner across the sustainable infrastructure value chain.
Portfolio Composition: 45% of the loan book constitutes Renewable energy. The portfolio is diversified across sectors including Power Generation (Conventional & Renewable), Transmission, Distribution, and Others (port, manufacturing, mining, water treatment, e-mobility).
Q2 FY27 Strategy Highlights: A return to core infrastructure financing, quality-led growth with disciplined underwriting, a client-focused and execution-oriented approach, and broad-based lending across ticket sizes.
FY27 Blueprint: The strategy involves leveraging core infrastructure capabilities, pursuing opportunities across loan sizes, driving disciplined book growth, expanding lending to Private/PSU/Government entities, deepening sector specialization, broadening funding sources, and committing to ESG-led financing.
Funding: The company received fresh bank sanctions and drawdowns during the quarter, strengthening funding availability. It maintains a Commercial Paper rating of CRISIL A1+.

Top Shareholders (as on September 30, 2026): PTC India Limited (64.99%), Domestic Institutional Investors (5.04%), FPI Category I & II (1.56%).
The Board of Directors is listed, including Mr. Manoj Kumar Jhawar (Non-Executive Chairman), Mr. Rajiv Malhotra (MD & CEO - Addl. Charge), and several Independent Directors including ex-RBI and ex-LIC officials.

The company has a focus on Green & Sustainable Finance and has integrated an Environmental and Social Management System (ESMS) into credit due diligence.
Initiatives span environmental (crop residue management, water conservation, plantation), social (gender diversity, employee well-being, CSR), and governance (ethical conduct, risk management, compliance) aspects.

The company is prioritizing high-quality borrowers in the near term with a focus on sustainable, risk-aware growth.