Power company PTC India has reported over three-fold increase in profit after tax to Rs 19.22 crore for the quarter ended March 31, 2008, compared with Rs 5.8 crore in the corresponding period a year ago.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The company reported a 39 per cent increase in profit after tax for FY08 at Rs 48.7 crore against Rs 35.09 crore in the previous fiscal, it said in a release. The board has recommended dividend of 10 per cent. Total income during the quarter dipped 6.52 per cent to Rs 565.95 crore (Rs 605.40 crore).
</p><p class='TableClas'>PTC&#39;s income for FY08 stood at Rs 3,949.02 crore, registering a growth of 4.31 per cent over the last fiscal. 
</p><p class='TableClas'>The company has made its foray into wind energy generation by commissioning its first 6 mw wind farm project in Maharashtra. 
</p><p class='TableClas'>During the January-March quarter, PTC raised Rs 1,200 crore through the QIP route and would use the proceeds for enhancing capital adequacy, capitalisation of PTC Financial Services and investment in fuel intermediation. 
</p><p class='TableClas'>During the quarter, It signed two MoUs for sale of power aggregating to 325 mw. </P></p><p class='TableClas'></p></table>


PTC Q4 profits jump over 3-fold at Rs 19.22 cr

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