PTC India Thursday reported a standalone net profit of Rs 51.34 crore for the quarter ended December 2018, down about 13 per cent year-on-year mainly due to higher expenses.
The company's standalone net profit stood at Rs 58.94 crore for the quarter ended December 2017, a company statement said.
Total income rose to Rs 2,935.23 crore in the October-December quarter this year from Rs 2,717.46 crore in the year-ago period.
Its expenses rose to Rs 2,855.85 crore in the third quarter of 2018-19 from Rs 2,630.49 crore in the year-ago quarter.
Reacting to the financial numbers, shares of the company dropped 2.91 per cent to close at Rs 75.10 on BSE.
PTC India is involved in the business of power trading, investment and offers trading solutions.
Commenting on the results, PTC India Chairman and Managing Director Deepak Amitabh said, "The financial and operational numbers for the nine month period have been consistent with our business trends. Our business is increasingly insulated from the volatility of the short term market."
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