PTC India has reported results for third quarter ended December 31, 2016.
The company has reported 9.08% fall in its net profit at Rs 42.57 crore for the quarter ended December 31, 2016, as compared to Rs 46.82 crore for the same quarter in the previous year. However, total income of the company increased by 7.89% at Rs 3132.48 crore for the quarter under review, as compared Rs 2903.31 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.
