The company achieved a turnover of Rs 2,817 crore for the fourth quarter of FY21 as against Rs 2,334 crore in the corresponding quarter of the previous year.
Apart from a lower ratio of house price to salary, a lower interest rate environment is likely to improve the affordability of house ownership as mortgage rates decline.
OMC have had a good run in the first half of FY21 with higher inventory gains, fortunes may turn against the companies as lower oil prices in October and November months would result in inventory losses
This is 11.7 per cent higher than around Rs 1.07 lakh crore worth of exports clocked by STPI-registered units in the corresponding period previous fiscal.
"The borrowing plan for FY21 has been revised from Rs 90,000 crore to Rs 1,18,000 crore to accommodate the moratorium granted to borrowers as per RBI guidelines," a statement issued by PFC on Friday said.
The company’s revenue for the first half of the fiscal went up to Rs 2,113 crore, up 67 per cent Y-o-Y, while net profit jumped 475 per cent to Rs 414 crore Y-o-Y.