PTC India Financial Services Ltd

- Currently, PTC India Financial Services Limited has not raised new funds despite having sanctions over INR3,000 crores and liquidity of around INR1,800 crores on the balance sheet. - The company prefers to borrow only when necessary to avoid incurring interest costs; they have sufficient cash on hand currently. - The treasury team is actively working on maintaining lender relationships and obtaining fresh sanctions for future borrowings. - Disbursements are paced according to infrastructure project timelines, and borrowing will align with disbursement needs. - No explicit mention of equity fundraising or plans for it was given in the call. - The company focuses on maintaining capital adequacy and managing cost of funds efficiently, expecting cost of borrowing to reduce with fresh low-cost borrowings in future. In summary, while there is no immediate debt or equity fundraising, borrowing will be done as required aligned with disbursement schedules and project needs.

- PTC India Financial Services Limited is strategically entering high-growth infrastructure segments such as compressed biogas (CBG) and data center ecosystems. - The expansion into these sectors is part of diversification to strengthen portfolio yield over the medium term. - Progress has been made in building a structured finance portfolio and tailoring financing solutions. - The company remains committed to scaling its business with discipline and delivering long-term value, implying planned capital allocation towards profitable expansion. - No explicit mention of specific future capex or strategic investments beyond sectoral diversification into CBG and data centers was disclosed.

- PTC India Financial Services expects 30% to 50% year-on-year growth in AUM (loan book). - Disbursements and sanctions are anticipated to increase, supporting loan book expansion. - The company is focused on profitable and quality growth rather than just quantity. - Sanctions in FY '26 stood at INR3,448 crores, a more than 3x increase from FY '25. - Disbursements grew to INR1,235 crores in FY '26, up 35% year-on-year. - Pipeline across sectors remains healthy, with diversified exposures including renewables and new infrastructure segments. - The strategic shift toward private sector lending and multiple lending structures aims to improve margins and control. - The company targets higher yield and returns on assets to ensure sustained profitable expansion.

- PTC India Financial Services expects a strong growth trajectory with at least 30% to 50% year-on-year growth in Assets Under Management (AUM), a key driver of earnings. (Page 12) - Focus remains on quality and yield, ensuring loans generate sufficient profit, enhancing profitability. (Page 12) - FY '26 saw PAT rise to INR319 crores from INR217 crores in FY '25, indicating upward profit momentum. (Page 3) - Return on assets improved to 6% annualized, and return on net worth increased to 10.95%, signaling profitability improvement. (Page 4) - The company is emphasizing profitable expansion, operational excellence, and innovative, customer-centric solutions aligned with long-term strategic goals. (Page 13) - Guidance emphasizes disciplined, calibrated growth with improved loan book quality, assuring sustainable earnings growth. (Pages 12-13) - Cost of borrowing is expected to reduce gradually, supporting margin improvements and better EPS over time. (Page 8)

- As of FY '26, PTC India Financial Services Limited had sanctioned loans amounting to approximately INR 3,500 crores. - Out of these sanctions, about INR 2,000 crores remain undisbursed and form part of the current pipeline/order book. - Major portion of this undisbursed sanctioned amount is expected to be disbursed within the next 6 months, with around INR 1,500 crores anticipated to be disbursed within the two quarters following Q1 FY '27. - Disbursements are linked to project execution timelines, ranging from 6 months to 3.5 years, as loans are tied to infrastructure projects. - Sanctions and disbursements continue on a rolling basis; fresh loans are sanctioned even as disbursements of prior sanctions occur. - The company forecasts AUM growth of 30%-50% year-on-year, indicating an active pipeline supporting future disbursements and orders.