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PTC India Q4 profit down 16 pc at Rs 54 cr

Press Trust of India  |  New Delhi 

Tuesday reported 16.32 per cent drop in standalone net profit at 53.86 crore for the quarter ended March 31, 2019, mainly due to lower from its subsidiaries.

The profit in the year-ago quarter stood at 64.37 crore, as per a BSE filing.

A said got total of 8 crore from its subsidiaries PTC Energy and PTC Financial Services for 2018-19 as compared to Rs 62 crore in the pervious fiscal.

According to the filing, total income of the firm rose to Rs 2,673.25 crore in the latest quarter from Rs 2,179.08 crore in the year-ago period.

Total income during 2018-19 increased to Rs 13,627.29 crore from Rs 11,518.49 crore in 2017-18.

Net profit dipped to Rs 262.32 crore in 2018-19 from Rs 319.20 crore in the previous year.

The company's board recommended a at the rate of 40 per cent (Rs 4 per equity share) on 29,60,08,321 fully paid up equity shares of Rs 10 each.

During 2018-19, loan amounting to Rs 385.77 crore has been written off post resolution of such amounts.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 14 2019. 19:01 IST