PTC India Financial Services reports strong Q2 FY26 performance, resolves legacy issues

PTC India Financial Services reported a stable total income of ₹131.86 crores for Q2 FY26, with profit after tax reaching ₹88.14 crores, an 86% year-on-year increase attributed to legacy issue resolution. The company also saw substantial growth in loan sanctions and disbursements, totaling ₹1,048 crores and ₹326 crores, respectively, during the quarter. This performance contributed to a half-year (H1 FY26) PAT of ₹224.77 crores, up from ₹91.74 crores in H1 FY25.

Asset quality significantly improved, with gross stage III assets reduced by 75% to ₹193 crores in Q2 FY26 from ₹764 crores in Q2 FY25, and net stage III assets down 83% to ₹47 crores. The provision coverage ratio for stage III assets rose to 76% from 63% in Q1 FY26. Return on networth (annualized) increased to 12.30% in Q2 FY26, and ROA (annualized) reached 6.50%.

The company highlighted strategic shifts, including 100% of Q2 FY26 disbursements directed to private corporates, an entry into SME lending, and a reduced reliance on consortium structures. These initiatives aim to diversify the portfolio and achieve high-quality growth, alongside a focus on sustainable and ESG goals.