PTC India shares dive nearly 6% as Q3 Net falls

Shares of power trading solutions company PTC India today tanked nearly 6 per cent after the company reported a 9 per cent decline in net profit for the quarter ended December 31, 2016.
The stock lost 5.54 per cent to end at Rs 86.10 . Intra-day, it dived 7.24 per cent to Rs 84.55.
At the NSE, shares of the company declined by 5.64 per cent to close at Rs 86.05.
State-owned PTC India yesterday reported a 9.07 per cent decline in net profit at Rs 42.57 crore for the quarter ended December 31, 2016.
The company had posted a net profit of Rs 46.82 crore for the corresponding quarter of the previous fiscal.

Total income from operations went up by 7.75 per cent to Rs 3,111.69 crore for the quarter under review in the current fiscal, from Rs 2,887.79 crore for the same quarter a year ago, the company said in a BSE filing.