State-run PTC India Ltd today posted a standalone net profit of Rs 56.44 crore, down 18 per cent in January-March quarter over same period a year ago.
"The Company has posted a (unaudited) net profit of Rs 564.40 million for the quarter ended March 31, 2015 as compared to Rs 689.10 million for the quarter ended March 31, 2014," the company said in a BSE filing.
As per statement, the unaudited total income(on standalone basis) of the company has decreased from Rs 2860.58 crore for the quarter ended March 31, 2014 to Rs 2361.61 crore in fourth quarter of 2014-15.
The Company has posted an audited standalone net profit of Rs 203.1 crore in 2014-15 as compared to Rs 251.23 crore previous fiscal.
The total (audited) Income has increased from Rs 11565.05 crore for the year ended March 31, 2014 to Rs 13149.36 crore for the year ended March 31, 2015.
"The group has posted a (consolidated) net profit after taxes, Minority interest and Share of Profit/(Loss) of Associates of Rs 2562.60 million for 2014-15 as compared to Rs 3608.40 million for 2013-14," the company said in statement.
According to statement, total (consolidated) Income has increased from Rs 12143.31 crore for 2013-14 to Rs 13939.19 crore for 2014-15.
PTC India Ltd. Is a Government of India initiative. It is the pioneer in starting a power market in India. PTC has also been authorized by the Government of India to trade electricity with Bhutan, Nepal and Bangladesh.
