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PTC India Financial Services reported a 19.84 per cent increase in net profit for the quarter ending December 2016, compared to the same period of the previous financial year. The company’s net profit stood at ₹83.22 crore in the third quarter, against ₹69.45 crore in the third quarter of the previous fiscal.
According to an investor presentation, the company cumulatively sanctioned lower debt for hydro and thermal power projects compared to the corresponding period in the previous financial year. For the third quarter, the company cumulatively sanctioned ₹596 crore for hydro projects (₹810 crore). Thermal power projects too saw reduction of total cumulative debt sanctioning with ₹3,051 crore sanctioned in the quarter (₹3,433 crore).
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