PTC India net profit dips by over 16 per cent to Rs 27.8 cr in Q1

Power trading utility PTC India Ltd on Monday posted a dip of 16.6 per cent in its net profit at Rs 27.8 crore in the first quarterApril-June) this fiscal, compared to Rs 33.33 crore in the same period last year.

The company made a total income of Rs 2,758.43 crore during the April-June period this fiscal compared to Rs 2,372.52 crore in the same quarter last year, the company said in a BSE filing.

PTC India is engaged in trading electricity. The trading volume of the company rose by 36.7 per cent at 5,747 million units (MUs) in the first quarter, as compared to 4,204 MUs in the same period last fiscal.