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

"Consolidated PAT in Q4FY24 was Rs 91.11 crore compared to Rs 129.34 crore in Q4FY23," it said.

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

Power Trading solution, PTC India, has reported a 30 percent fall in consolidated net profit to Rs 91.11 crore in the fourth quarter. In a statement, the consolidated profit after tax (PAT) in FY24 was Rs 533.16 crore as against Rs 507.15 crore in FY23

"Consolidated PAT in Q4FY24 was Rs 91.11 crore compared to Rs 129.34 crore in Q4FY23," it said.

The company stated that a 10 percent increase in total volumes for the quarter has reached 18.02 billion units (BUs), up from 16.39 BUs in the previous year's period.

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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 FY24, reiterating the confidence in PTC's business model and prospects of the business in the future."

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