State-owned power trading solutions company PTC India today reported a 9.07 per cent decline in net profit at Rs 42.57 crore for the quarter ended December 31, 2016.
The company had posted a net profit of Rs 46.82 crore for the corresponding quarter of the previous fiscal.
Total income from operations went up by 7.75 percent to Rs 3,111.69 crore for the quarter under review in the current fiscal, from Rs 2,887.79 crore for the same quarter a year ago, the company said in a BSE filing.
During the quarter under review, the company's expenses stood at Rs 3,058.35 crore, up 8.02 per cent, as against Rs 2,831.17 crore a year ago.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
