State-owned power trading solutions company PTC India Ltd today reported 29.6 per cent decline in standalone net profit at Rs 39.69 crore for the quarter ended March 31, 2016.
The company had posted a net profit after taxes, minority interest and share of profit of associates of Rs 56.44 crore in the year-ago period, PTC India Ltd said in a BSE filing.
The total income from operations during the quarter increased to Rs 3,043.44 crore over Rs 2,356.58 crore in the year-ago period, it said.
However, the quarter results on the consolidated basis were not available.
In a separate filing the company said that the board of directors of the company at its meeting held on May 18, 2016, inter alia, has recommended the "dividend @ 25% (Rs 2.50 per equity share) on 29,60,08,321 fully paid up equity share of Rs 10 each."
The group is in the business of power and investment. Consultancy income has not been reported separately as same being insignificant.
