December 23, 2024 10:45 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
I don't blame Allu Arjun, ready to withdraw case: Pushpa 2 stampede victim's husband | Indian New Wave Cinema Architect Shyam Benegal dies at age 90 | Cylinder blast at a temple in Karnataka's Hubbali injures nine people | Kuwait PM personally sees off Modi at airport as Indian premier concludes two-day trip | Three pro-Khalistani terrorists, who attacked a police outpost in Gurdaspur, killed in an encounter | Who is Sriram Krishnan, an Indian-American picked by Donald Trump as US AI policy advisor? | Mohali building collapse: Death toll rises to 2, many feared trapped for 17 hours | 4-year-old killed after speeding car driven by a teen hits him in Mumbai | PM Modi attends opening ceremony of Arabian Gulf Cup in Kuwait | Jaipur gas tanker crash: Toll touches 14, 30 critical

PTC India Q1FY15 net profits up by 47%

| | Aug 13, 2014, at 02:15 am
#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%."
 
 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am
In Images: Glimpses from Bengali film Fatafati's premiere
In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm
Gautam Adani meets Bangladesh PM Sheikh Hasina
Gautam Adani meets Bangladesh PM Sheikh Hasina Sep 06, 2022, at 06:46 am