PTC India net profit down 26.75 pc at Rs 93.26 cr in June qtr

Power trading solution provider PTC India's consolidated net profit dipped 26.75 per cent to Rs 93.26 crore in the June 2019 quarter.

The company's net profit was Rs 127.32 crore in the April-June quarter of 2018, a BSE filing said.

Its arm PTF India Financial Services' net profit dropped to Rs 10.71 crore in the June quarter this year from Rs 36.38 crore a year ago.

Total income of the company rose to Rs 5,414.99 crore in the quarter from Rs 3,822.75 crore a year ago, according to a statement.

Deepak Amitabh, chairman and managing director, PTC India, said, "The balance business mix of short-term and medium and long term continues to drive our performance with sound growth of trading volume. The PTC is gearing up fast for the changing regulatory framework and is getting ready to leverage upon the opportunities that ecosystem is presenting in the process. This would further consolidates our leadership position in the Industry.

Its revenue from operation includes sale of electricity and interest income from loan financing/debenture.

The power trade volume of the company of the firm has increased by 15 per cent to 19,529 million units in June quarter from 16,943 million units a year ago.