PTC India net profit falls 30% to Rs 91 crore in Q4

New Delhi: Power trading solutions provider PTC India on Friday reported almost 30 percent decline in consolidated net profit to Rs 91.11 crore in the March quarter.

Consolidated profit after tax (PAT) in FY 2023-24 was Rs 533.16 crore compared to Rs 507.15 crore in FY 2022-23, the company said in a statement.

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"Consolidated PAT in Q4 of FY'24 was Rs 91.11 crore compared to Rs 129.34 crore in Q4 of FY'23," it said.

The company said it saw 10 percent increase in total volumes for the quarter under review to reach 18.02 billion units (BUs), up from 16.39 BUs in the year-ago period.

Total volumes for 2023-24 rose to 74.84 BUs, up from 70.61 BUs in the previous year, marking a 6 percent increase.

PTC India Chairman & Managing Director Rajib K Mishra said in the statement, "The board of directors has recommended a dividend of Rs 7.80 per equity share for FY'24, reiterating the confidence in PTC's business model and prospects of the business in the future."

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