PFS net up 45.5% in FY11

PTC India Financial Services Ltd (PFS), a non-banking finance company, on Wednesday reported a net profit of Rs 37.03 crore for the year ended March 31, 2011. This represents a 45.48 per cent increase over the Rs 25.45 crore recorded in the previous year. In 2010-11, income from operations stood at Rs 103.68 crore (Rs 39.53 crore). “We have grown significantly in both operational and financial terms during 2010-11. This performance is evidence of the fact that we are a high-growth company,” said Mr Ashok Haldia, Director, PFS. The company got itself listed on the bourses on March 31 this year.