PTC India Financial shares surge most since July 2024 after strong Q2

Shares of PTC India Financial Services Ltd. surged over 15% on Friday, October 24, following the company's September quarter results, marking its third consecutive day of gains.

Friday's rally is the stock's biggest single-day jump since July 2024, driven by the highest trading volumes since December 2023.

Interestingly, about 2.8 crore shares changing hands compared with the 20-day average of 1.6 lakh.

The stock also broke above all three key moving averages.

The company reported a strong quarterly performance (Q2FY26), with disbursements seeing a sharp increase quarter-on-quarter, a trend expected to continue into the second half of the fiscal year.

Profit after tax for the quarter came in at ₹88 crore, up from ₹47 crore in Q1, while disbursements rose to ₹326 crore from ₹138 crore.

Return on assets improved to 6.5% from 3.08%, and gross stage 3 loans fell sharply to ₹193 crore from ₹765 crore in the previous quarter, down 56% QoQ.

Loan sanctions jumped to ₹1,048 crore from ₹206 crore, up 408%, marking the highest level in the last 10 quarters.

Asset quality showed major improvement, with gross stage 3 loans down 75% year-on-year and the provision coverage ratio rising to 76% from 62%. No new slippages were reported in Q2, and all loan accounts disbursed since FY18 remain classified as standard.

Despite Friday's strong rally, PTC India Financial Services has declined 9% so far in 2025, following three consecutive monthly losses.