PTC India reports 56% rise in Q2 net profit

PTC India Ltd. | Power Generation/Distribution | Power | BSE: 532524 | NSE: PTC

15 Nov 2014 Evaluate

PTC India has reported results for second quarter ended September 30, 2014.

The company has posted a rise of 55.74% in its net profit at Rs 96.31 crore for the quarter ended September 30, 2014 as compared to Rs 61.84 crore for the same quarter in the previous year. Total income has increased by 34.74% at Rs 4256.46 crore for quarter under review as compared to Rs 3159.07 crore for the quarter ended September 30, 2013.

PTC India acts as intermediary between buyer and sellers of power. In case of cross-border trading, the company plays the role of a nodal agency. It offers advisory services for setting up independent power producing plants.

Peers

Company Name	CMP
NTPC	326.20
Tata Power	366.80
Adani Power	203.00
Power Grid Corpn.	269.25
Adani Energy Solut.	1339.40
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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