PTC India fourth quarter net profit down 18 per cent

PTC India fourth quarter net profit down 18 per cent

PTC India Ltd, the country’s largest power trader, reported an 18 per cent drop in net profit for the quarter ended March at Rs 64.37 crore on a standalone basis as against a net profit of Rs 78.77 crore in the corresponding quarter previous financial year (2016-17).

Total income of the company, however, rose 20 per cent to Rs 4,025.44 crore as compared to Rs 3,345.16 crore in the corresponding quarter.

On a consolidated basis, the company’s net profit for the full financial year 2017-18 dropped 20 per cent to Rs 403.97 crore. “This was lower due to the provisions made in the books of financial subsidiary and also looks comparatively high due to sale of one investment of PFS,” the company said in a statement. Read More

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