PTC India Q4 net profit dips 17.67% to Rs 129 cr on higher expenses

Energy trading solutions provider PTC India Ltd on Saturday posted a drop of 17.67 per cent in its consolidated net profit at Rs 129.34 crore during the March quarter, dragged down by higher expenses.

The company said in a regulatory filing that its net profit amounted to Rs 157.11 crore during the January quarter of FY22.

However, the company’s total income rose to Rs. 3,643.02 crore from Rs. 3,107.04 crore in the year-ago quarter.

Expenses also rose to Rs. 3,471.95 crore as against Rs. 2,890.57 crore a year earlier.

(Only the title and image for this report may have been reworked by the Business Standard team; the rest of the content is generated automatically from a shared feed.)

First published: May 27, 2023 | 7:09 PM ist