Current/ Expected Orderbook/ Pending Orders?

For FY ‘24, the company is targeting sanctions worth around Rs. 6,000 crores and disbursements of Rs. 5,000 crores. There is a net prepayment and repayment of about Rs. 2,300 crores expected. The targeted loan book size for FY ‘24 is approximately Rs. 9,000 crores. As of the meeting, the company has already committed undisbursed loans of around Rs. 1,200 crores. Additionally, there is a business pipeline under various stages of due diligence amounting to approximately Rs. 4,500 crores. The company expresses strong positivity about accelerating sanctions and disbursements in the coming quarters

Any current/future new fundraising through debt or equity?

The company plans to raise Rs. 500 crores capital (equity), approved by the board, but there is no urgency to raise funds currently; this would cause some percentage dilution. (Page 21) They are in advanced stages of raising $50 million (debt) from a UK-based institution/IIFCL-UK, with a board meeting soon to consider this proposal. (Pages 7, 19) Discussions are ongoing with PSU banks and some global institutions for funding primarily through bank borrowings, including ECB (External Commercial Borrowings) to diversify sources. (Pages 8, 19) Borrowing costs have increased recently (from 7.66

Any current/future capex/capital investment/strategic investment?

The company plans to raise Rs. 500 crores capital as approved by the board, which will be raised at an appropriate time. This is an enabling capital raise with no urgency given the current valuation and capital adequacy. They are in advanced stages of raising $50 million (approximately Rs. 400+ crores) from a UK-based institution, indicating strategic funding plans. Expansion plans include targeting sanctions of around Rs. 6,000 crores and disbursements of Rs. 5,000 crores for FY '24, aiming to grow the loan book to about Rs. 9,000 crores. The company is focused on green and sustainable

Future growth expectations in sales/revenue/volumes?

For FY ’24, the company targets sanctions of around Rs. 6,000 crores with disbursements of Rs. 5,000 crores. Post net prepayment and repayment of about Rs. 2,300 crores, the company aims to reach a book size of approximately Rs. 9,000 crores. A committed undisbursed portion of Rs. 1,200 crores already exists, with an additional Rs. 4,500 crores in the business pipeline under due diligence. The company expects growth primarily through higher leverage from a conservative leverage ratio of 2 times and strong underwriting to keep credit costs minimal. Expansion plans are underway with optimism for

Future growth expectations in earnings/operating earnings/profits/EPS?

Targeting loan sanctions of around Rs. 6,000 crores and disbursements of Rs. 5,000 crores in FY ’24, aiming for a book size of about Rs. 9,000 crores. (Page 18) Expecting growth through higher leverage, moving from a conservative leverage ratio of 2 times towards 4-5 times, potentially enabling Rs. 4,000 - 5,000 crores of additional business. (Pages 19-20) NIM improved from 4.0% to 4.35%, expected to sustain or improve slightly above current levels despite rate hikes. (Pages 14-15, 19, 28) Spread targeting 2.5% to 2.75%; some short-term lag in passing on borrowing cost increases is expected. (

PTC India Financial Services LtdQ4 FY23Finance

PTC India Financial Services Ltd Q4 FY23 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹23.84P/E: 6.8Market Cap: ₹1.5K CrSector: Finance

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

Yes

Order

Capex

Yes

2 of 5 growth signals are positive.

Full analysis

Revenue guidance

Category 3

For FY ’24, the company targets sanctions of around Rs. 6,000 crores with disbursements of Rs. 5,000 crores.
Post net prepayment and repayment of about Rs. 2,300 crores, the company aims to reach a book size of approximately Rs. 9,000 crores.
A committed undisbursed portion of Rs. 1,200 crores already exists, with an additional Rs. 4,500 crores in the business pipeline under due diligence.
The company expects growth primarily through higher leverage from a conservative leverage ratio of 2 times and strong underwriting to keep credit costs minimal.
Expansion plans are underway with optimism for faster and aggressive growth in coming quarters.
The management expresses confidence in steering the company forward and scaling up book size, reflecting promising prospects for revenue and volume growth.

Margin guidance

Category 3

Targeting loan sanctions of around Rs. 6,000 crores and disbursements of Rs. 5,000 crores in FY ’24, aiming for a book size of about Rs. 9,000 crores. (Page 18)
Expecting growth through higher leverage, moving from a conservative leverage ratio of 2 times towards 4-5 times, potentially enabling Rs. 4,000 - 5,000 crores of additional business. (Pages 19-20)
NIM improved from 4.0% to 4.35%, expected to sustain or improve slightly above current levels despite rate hikes. (Pages 14-15, 19, 28)
Spread targeting 2.5% to 2.75%; some short-term lag in passing on borrowing cost increases is expected. (Pages 22, 28)
Profit after tax increased by almost 50% YoY last quarter, with EPS improving to Rs. 2.74 from Rs. 2.02, reflecting strong earnings growth trajectory. (Page 13)
Credit costs expected to remain stable with provisions based on ECL model, barring major changes. (Page 20)
Dividend payouts expected to increase, with potential for two dividends next fiscal year. (Page 23)

See what PTC India Financial Services Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

Yes

The company plans to raise Rs. 500 crores capital (equity), approved by the board, but there is no urgency to raise funds currently; this would cause some percentage dilution. (Page 21)
They are in advanced stages of raising $50 million (debt) from a UK-based institution/IIFCL-UK, with a board meeting soon to consider this proposal. (Pages 7, 19)
Discussions are ongoing with PSU banks and some global institutions for funding primarily through bank borrowings, including ECB (External Commercial Borrowings) to diversify sources. (Pages 8, 19)
Borrowing costs have increased recently (from 7.66% to 8.11%), reflecting market trends, but the company expects to pass these costs to borrowers. (Page 19)
Overall, the focus is on debt fundraising with some planned equity infusion in future as an enabler for growth. (Pages 19, 21)

Order book

For FY ‘24, the company is targeting sanctions worth around Rs. 6,000 crores and disbursements of Rs. 5,000 crores.
There is a net prepayment and repayment of about Rs. 2,300 crores expected.
The targeted loan book size for FY ‘24 is approximately Rs. 9,000 crores.
As of the meeting, the company has already committed undisbursed loans of around Rs. 1,200 crores.
Additionally, there is a business pipeline under various stages of due diligence amounting to approximately Rs. 4,500 crores.
The company expresses strong positivity about accelerating sanctions and disbursements in the coming quarters.

See what PTC India Financial Services Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes

The company plans to raise Rs. 500 crores capital as approved by the board, which will be raised at an appropriate time. This is an enabling capital raise with no urgency given the current valuation and capital adequacy.
They are in advanced stages of raising $50 million (approximately Rs. 400+ crores) from a UK-based institution, indicating strategic funding plans.
Expansion plans include targeting sanctions of around Rs. 6,000 crores and disbursements of Rs. 5,000 crores for FY '24, aiming to grow the loan book to about Rs. 9,000 crores.
The company is focused on green and sustainable infrastructure finance, aiming to become a zero-thermal asset company by the end of the year, reflecting strategic investment in environmental sustainability.
There's a strong pipeline of projects under due diligence (about Rs. 4,500 crores) indicating future investment commitments.

Track PTC India Financial Services Ltd — get its next earnings analysis in your feed

How does PTC India Financial Services Ltd rank vs peers in Finance?

Pro feature

ThisPTC India Financial Services Ltd

Rev 3Mar 3

See where PTC India Financial Services Ltd sits in FinanceSee which companies these are, and every other name in the sector.Open rankings

How does PTC India Financial Services Ltd rank in Finance?

Compare PTC India Financial Services Ltd against every Finance company (Q4 FY23) on revenue, margins and earnings-call signals.

View Finance leaderboard →

What PTC India Financial Services Ltd's management said in earlier quarters

Others in Finance this season

Purple Finance Ltd (Q1 FY27)
Total disbursements since inception: ₹312 crore . Key investor presentation takeaways from Purple Finance Ltd's Q1 FY27 investor presentation — and how it ranks
JSW Holdings (Q2 FY27)
Total revenue from operations: ₹16,658.63 lakhs . Key results statement takeaways from JSW Holdings Ltd's Q2 FY27 results statement — and how it ranks against s
Indostar Capital Finance Ltd (Q2 FY27)
Revenue from operations for Q2 FY27: ₹381.9 crore . Key investor presentation takeaways from Indostar Capital Finance Ltd's Q2 FY27 investor presentation — and
TruCap Finance Ltd (Q2 FY27)
(74) lakhs, down 90% YoY . Key results statement takeaways from TruCap Finance Ltd's Q2 FY27 results statement — and how it ranks against sector peers.

Compare:vs Bajaj Finance vs Bajaj Finserv vs Shriram Finance Ltd

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

PTC India Financial Services Ltd Q4 FY23 Earnings Call Analysis

Revenue guidance

Fundraise plans

Capex plans

How does PTC India Financial Services Ltd rank in Finance?

Continue your research

What PTC India Financial Services Ltd's management said in earlier quarters

Others in Finance this season