PFS profit doubles as bad loans fall sharply

PTC India Financial Services Limited (PFS) reported Q1 FY26 profit of INR137 crores, up from INR58 crores in the previous quarter.

Gross Stage 3 assets fell from 15% to 10.22%, with Net Stage 3 improving from 6.56% to 4.13%. Major recoveries included NSL (INR125 crores) and Vento (INR115 crores), while ILFS was upgraded to 'Standard'.

Q1 disbursements totaled INR138 crores, all to private sector entities. The company targets full-year disbursements of INR4,000 crores and expects improved credit ratings by August/September.