PTC India has reported results for third quarter ended December 31, 2013.
The company has reported a rise of over four fold in its net profit at Rs 90.78 crore for the quarter ended December 31, 2013 as compared to Rs 21.88 crore for the same quarter in the previous year. Total income from operation has increased by 46.53% at Rs 2751.47 crore for quarter under review as compared to Rs 1877.76 crore for the quarter ended December 31, 2012.
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.
