PTC India has reported results for first quarter ended June 30, 2015.
The company has reported a rise of 9.58% in its net profit at Rs 47.93 crore for the quarter ended June 30, 2015 as compared to Rs 43.74 crore for the same quarter in the previous year. However, the company’s total income has decreased by 10.58% to Rs 3307.57 crore for the quarter under review, from Rs 3698.83 crore for the corresponding quarter of the 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.
