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September 08, 2008


PTC India Q2 net profit up by 32% YoY

PTC India Limited has posted net profit of INR 11.40 crore for the July to September 2007 quarter up by 32% YoY as against INR 8.65 crore during July to September 2006 quarter. Total income was recorded at INR 1,473.61 crore up by 12% YoY as against INR 1,318.54 crore.

Net profit for the January to September 2007 period rose by 12.5% YoY to INR 23.28 crore, while total income grew up by 12% YoY at INR 2,641.82 crore during the period. It’s trading volume for the July to September 2007 quarter grew up by 26% YoY at 4,110 million units while volumes for the January to September 2007 rose by 12% YoY at 6,591 million units.

Mr TN Thakur CMD of PTC India said that “The performance of the company during the quarter is commendable on the back of consolidating our market share in the trading business. Also, the signing of the long term agreements is adding to the sustainability of our business model.” He added that it would continue to focus on the long term agreements to attain a captive and sustainable mass of tradable power.