PTC India reports 63% rise in Q1 net profit

PTC India has reported unaudited results for the first quarter ended June 30, 2011.

The company’s net profit after tax for the quarter ended June 30, 2011 rose by 62.70% at Rs 45.23 crore as compared to Rs 27.80 crore for the corresponding quarter last year. Its total income fell 9.82% at Rs 2487.44 crore for the quarter under review from Rs 2758.43 crore for the same quarter last year.

PTC India is engaged in the business of trading activities that includes long term trading of power generated from large power projects as well as short term trading in India.