PTC India reports 4% rise in Q2 net profit

PTC India has reported results for second quarter ended September 30, 2015.

The company has reported 4.45% rise in its net profit at Rs 100.60 crore for the quarter ended September 30, 2015 as compared to Rs 96.31 crore for the same quarter in the previous year. However, the company’s total income has decreased by 16.13% to Rs 3569.88 crore for the quarter under review from Rs 4256.46 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.