PTC India Q1 results: Net profit up 7% at Rs 100 cr

PTC India Q1 results: Net profit up 7% at Rs 100 cr

NEW DELHI: Energy buying and selling solutions firm PTC India on Tuesday reported an over 7 per cent upward push in consolidated glean revenue at Rs 100.06 crore for the June quarter, helped by lowered costs.

The company’s glean revenue stood at Rs 93.26 crore within the April-June period of 2019, it acknowledged in a BSE filing.

However, whole earnings fell to Rs 4,641 crore all the intention via the quarter, from Rs 5,415 crore within the yr-within the past period.

Total costs additionally lowered to Rs 4,499 crore, as when compared to Rs 5,275 crore earlier.

In a separate assertion, the company’s CMD Deepak Amitabh acknowledged, “Whereas the interrogate for traded electrical energy was impacted originally, the gradual restoration of financial job has seen a revival of interrogate to ranges comparable to the corresponding period last yr.”

“Particular outcomes of structural initiatives taken by government of India within the wake of COVID -19 are now seen, and we dwell cautiously optimistic,” he added.

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