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This is an archive article published on August 9, 2011

PTC India annual profits surge 55 pc to Rs 166 cr

PTC total income rose to Rs 9,195.29 cr in the last fiscal from Rs 7,839.16 cr in the year-ago period.

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State-owned power trading solutions provider PTC India’s consolidated net profit jumped nearly 55 per cent to of Rs 166.02 crore 2010-11.

The company had a consolidated net profit of Rs 107.26 crore in the same period an year ago.

Total income rose to Rs 9,195.29 crore in the last fiscal from Rs 7,839.16 crore in the year-ago period,it said in a regulatory filing on Monday.

All the figures are audited.

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The company’s board has also recommended a dividend of Rs 1.50 per equity share.

“During this year,service charges of Rs 909 lakh (previous year — Rs 479 lakh) have been recognised as income for sale and purchase of electricity through energy exchanges,” the filing said.

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