July 05, 2008

PTC India Q4 2007-08 net profit up by 231% YoY

PTC India Limited has posted over 3 fold increase in profit after tax to INR 19.22 crore for January to March 2008 quarter as compared with INR 5.8 crore in January to March 2007 quarter. Total income dipped by 6.52% YoY to INR 565.95 crore as against INR 605.40 crore.

Mr TN Thakur CMD of PTC India said that "Initiatives taken by us in the past 2 years towards building long term sustainability of PTC’s business model have started showing tangible results. PTC’s present business mix, therefore, is less skewed towards short term market operations, and we are moving closer to our aspirational business portfolio."

PTC’s income for 2007-08 stood at INR 3,949.02 crore up by 4.31% YoY and the profit after tax increased by 39% YoY to INR 48.70 crore as against INR 35.09 crore.