April 19, 2024 13:12 (IST)
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PTC India Q1FY15 net profits up by 47%
New Delhi/Kolkata, Aug 12 (IBNS): PTC India Limited, a provider of power trading solutions in India, announced its financial results for the quarter ended June 30, 2014 on Tuesday where its total revenue increased by 33.17 % to Rs. 3689.54 Crore as against Rs. 2770.46 Crore in the quarter ended June 30, 2013 (Q1FY14).
Earnings before Interest, Depreciation and Taxation (EBIDTA) registered an increase of 57.37 % to Rs. 66.85 Crore in Q1FY15 from Rs. 42.48 Crore in Q1FY14.
Net profit surged by 47.42% to Rs.43.74 Crore from Rs. 29.67 Crore in the Q1FY14.
The company reported an earnings per share of Rs. 1.48 in Q1FY15 compared to Rs. 1.00 in Q1FY14.
The company’s volumes witnessed substantial growth on the back of increase in volumes in multiple business segments.
During Q1FY15, the company registered a 22 % increase in traded volumes at 10,309 MUs against 8,418 MUs during Q1FY14.
A healthy trend was maintained in the volume growth from long term trades (including cross border), with 3,425 MUs being traded in Q1FY15 compared to 2,931 MUs during Q1FY14, an increase of 16.85%, the company said in a statement.
Commenting on the results, Deepak Amitabh, Chairman & Managing Director, PTC India Ltd said: “I am happy to present a robust performance for the quarter. The volumes during the quarter have increased to 10,309 MUs in Q1FY15 as compared to 8,418 MUs in Q1FY14, an increase of 22%."
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