Latest News | TD Power Systems Net Dips Nearly 18 Pc to Rs 29 Cr in March Quarter

New Delhi, May 23 (PTI) TD Power Systems on Thursday reported a nearly 18 per cent fall in its consolidated net profit to Rs 29.02 crore in the March quarter compared to the year-ago period mainly due to higher expenses.

The company reported a consolidated net profit of Rs 35.35 crore in the quarter ended on March 31, 2023, a BSE filing showed.

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Total expenses in the quarter rose to Rs 227.65 crore from Rs 211.68 crore in the same period a year ago.

The consolidated net profit in 2023-24 rose to Rs 118.34 crore from Rs 96.81 crore a year ago.

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The board also recommended a final dividend of Rs 0.60 per equity share with a face value of Rs 2 each for 2023-24.

(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)