PTC India Financial Services Limited's Board of Directors approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, at its meeting held on May 5, 2026. The company reported a net profit of ₹319.36 crores for the full year, a significant increase from ₹217.05 crores in the previous year. Total income for FY26 stood at ₹518.25 crores, while profit before tax rose to ₹389.70 crores from ₹278.52 crores in FY25. The financial results were reviewed and recommended by the Audit Committee before being approved by the Board. The statutory auditors, M/s Ravi Rajan & Co. LLP, issued an unmodified opinion on both the standalone and consolidated financial results. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audited financial results (standalone and consolidated) were subsequently published as a newspaper advertisement in Business Standard (English and Hindi edition) on May 6, 2026. The company also presented its Q4 & Annual FY26 Investor Presentation to analysts and investors, and the audio recording of the Investors' Call held on May 5, 2026 at 6:00 PM (IST) has been made available on the company's website at www.ptcfinancial.com .

Financial Performance Overview

For the quarter ended March 31, 2026, net profit stood at ₹45.50 crores compared to ₹58.16 crores in the same quarter of the previous year. Total revenue from operations for the full year stood at ₹514.57 crores against ₹633.37 crores in the prior year. Total expenses for the year declined sharply to ₹126.12 crores from ₹359.48 crores, driven by a reversal in impairment on financial instruments of ₹151.03 crores and reduced finance costs. Net Interest Income for FY26 stood at ₹246 crores compared to ₹301 crores in FY25. The following table presents the key financial metrics for the quarter and full year:

Operational Highlights and Asset Quality

The company demonstrated robust operational momentum during the year. Loan sanctions for FY26 reached ₹3,448 crores compared to ₹825 crores in FY25, while loan disbursements increased to ₹1,235 crores from ₹916 crores — both at a three-year high. In Q4 FY26, loan disbursements were ₹162 crores, three times higher year-on-year, and sanctions surged to ₹1,004 crores, ten times higher than the previous year. Notably, 100% of Q4 FY26 disbursements were directed to private corporate borrowers, underscoring the company's strategic shift towards a diversified portfolio. The average disbursement ticket size reduced to ₹88 crores in FY26 from ₹153 crores in FY25, reflecting a more granular lending approach.

Asset quality improved significantly. Gross Stage III assets declined by 73% to ₹190 crores in FY26 from ₹711 crores in FY25, while Net Stage III assets fell by 83% to ₹47 crores from ₹284 crores. The Provision Coverage Ratio for Stage III assets improved to 75% in Q4 FY26 from 60% in the prior year. The company reported no new slippages in FY26, with the improvement driven entirely by recoveries.

Key Financial Ratios

Earnings per share (basic and diluted) for the full year stood at ₹4.97, compared to ₹3.38 in the previous year. The Return on Net Worth (annualized) improved to 10.95% in FY26 from 8.20% in FY25, while ROA (annualized) increased to 6.00% from 3.56%. Net Interest Margin (NIM) on Stage 1 and Stage 2 loans improved to 4.49% in FY26 from 4.25% in FY25. Additional key ratios are presented below:

Credit Ratings

The company's credit profile was reaffirmed during the year. CRISIL removed the company's rating from 'Rating Watch with Developing Implications' and reaffirmed it at CRISIL A (Negative). ICRA maintained its rating at ICRA A- (Stable) for long-term facilities. The following table summarises the current credit ratings:

Management Commentary and Strategic Direction

Management stated that the company is navigating a transition phase marked by leadership changes and portfolio clean-up. While Assets Under Management (AUM) declined to approximately ₹3,302 crores from peak levels, this reflects a conscious shift towards resolving legacy NPAs and rebuilding a higher-quality loan book. The company remains focused on calibrated, high-quality growth driven by disciplined underwriting and portfolio diversification, with over 90% of fresh proposals sourced from the private sector. Key strategic pillars include stringent underwriting standards, granular and diversified lending, asset quality improvement, robust asset-liability management (ALM), and a focus on sustainability and ESG goals. The company has also published its maiden Sustainability Report for FY25, finalized an ESG Roadmap, and established an enterprise-wide Data Privacy Governance Framework aligned with the Digital Personal Data Protection (DPDP) Act. The company's focus areas for financing include Electric Vehicle Mobility, Water Treatment Projects, Renewable Projects and allied activities, Power Transmission, Waste Management, Roadways, Airports, Logistics and Warehousing, Compressed Biogas, Bio Ethanol, and Energy Storage Systems.

Balance Sheet and Corporate Developments

Total assets as at March 31, 2026, stood at ₹4,956.25 crores, compared to ₹5,682.59 crores a year earlier. Total equity improved to ₹3,079.72 crores from ₹2,754.32 crores. Outstanding borrowings as on March 31, 2026 stood at ₹1,757.17 crores. The company is undertaking measures to restore compliance with the minimum infrastructure exposure requirement of 75% by September 30, 2026, and the requisite approval/extension has been obtained from the Reserve Bank of India. During the year, the company technically wrote off 5 loan accounts amounting to ₹134.19 crores and ₹4.39 crores in equity investment in compliance with RBI (NBFC - Resolution of Stressed Assets) Directions, 2025. The consolidated financial results include the company's two associate entities — R.S. India Wind Energy Private Limited and Varam Bio Energy Private Limited — with the equity investment in Varam Bio Energy Private Limited fully written off in FY26. Accordingly, no consolidated financials will be prepared from FY 2026-27 onwards. The Managing Director & CEO tendered his resignation effective June 30, 2026, and the Board approved the appointment of Mr. Rajiv Malhotra as an Additional Director. Ms. Mini Ipe has been designated as MD & CEO, bringing three decades of business leadership experience to the role.

PTC India Financial Services Limited has announced the appointment of Shri Rajiv Malhotra as Additional Director in the category of Nominee Director, effective April 8th, 2026. The appointment was approved by the Board of Directors at their meeting held on the same date, following a recommendation from the Nomination and Remuneration Committee.

Board Meeting Details

The Board of Directors meeting commenced at 8:00 P.M. and concluded at 8:40 P.M. on April 8th, 2026. The appointment was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has formally notified both BSE Limited and National Stock Exchange of India Limited regarding this appointment.

Director Profile and Experience

Shri Rajiv Malhotra, aged about 59 years, brings extensive experience to his new role. He is a Mechanical engineer by training and has completed the Post Graduate Program (PGP) in Management. Malhotra is an alumnus of NIT, Kurukshetra and Indian Institute of Management, Lucknow, and also holds a charter in Financial Analysis (CFA).

Currently serving as Executive Director & Group Chief Risk Officer at PTC India Ltd since June 2013, Malhotra has over 35 years of experience in the utility and energy sector. His career began with a nine-year tenure at NTPC, a Maharatna Company, where he served in various capacities.

Professional Background

Malhotra's diverse professional experience includes:

• Chief Operating Officer at Athena Energy Ventures Pvt. Ltd. (AEVPL), a joint venture of PTC and IDFC with AIP Power Pvt. Ltd.
• Sr. Vice President (Business & Corporate Development) at Energy Infratech Pvt. Ltd., a project engineering and management services company
• Vice President at PTC in an earlier stint

Areas of Expertise

With his broad domain knowledge, Malhotra's experience covers multiple critical areas:

• Strategy and finance
• Customer relations
• Building cyber resilience
• People policy matters
• Tariff and risk analysis
• Regulatory matters
• Organizational building and stakeholder relationships

Board Composition and Compliance

Following this appointment, Shri Rajiv Malhotra joins Dr. Manoj Kumar Jhawar as nominees of PTC India Limited on the Board of Directors. The company has confirmed that Malhotra is not debarred from holding the office of a Director by virtue of any SEBI order or any other authority.

The appointment strengthens the board's expertise in risk management and energy sector operations, aligning with the company's strategic objectives in the financial services domain. The formal communication has been made available on the company's website at www.ptcfinancial.com .