PTC India has reported results for third quarter ended December 31, 2014.
The company has registered a fall of 92.70% in its net profit at Rs 6.63 crore for the quarter under review as compared to Rs 90.78 crore for the same quarter in the previous year. However, total income of the company has increased 2.38% at Rs 2832.59 crore for Q3FY15 as compared Rs 2766.83 crore for the corresponding quarter previous year.
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.
