Latest News | PTC India Net Profit More Than Trebles to Rs 157 Cr in Jan-Mar Quarter
Get latest articles and stories on Latest News at LatestLY. Power trading solution provider PTC India's consolidated net profit more than trebled to Rs 157.11 crore in the March 2022 quarter, mainly due to lower expenses.
New Delhi, Nov 24 (PTI) Power trading solution provider PTC India's consolidated net profit more than trebled to Rs 157.11 crore in the March 2022 quarter, mainly due to lower expenses.
The consolidated net profit of the company was Rs 49.77 crore in the quarter ended March 31, 2021, a BSE filing showed.
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Its total expenses dipped to Rs 2,890.57 in the quarter from Rs 3,792.56 crore a year ago.
The total income also declined to Rs 3,107.04 crore in the quarter from Rs 3,925.99 crore in the year-ago period.
Its consolidated net profit stood at Rs 551.67 crore in 2021-22 fiscal compared to Rs 457.62 crore in 2020-21.
However, the total income in the fiscal came down to Rs 16,879.77 crore from Rs 18,373.66 crore earlier.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)