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Power trading solutions company PTC India Ltd has reported an 86 per cent rise in net profit for the fourth quarter of financial year 2013-14 at ₹68.91 crore from ₹37.03 crore in the corresponding period last fiscal.
Total income during the quarter rose almost 30 per cent to ₹2,848.62 crore from ₹2,198.74 crore in the corresponding period last fiscal.
For the full year, the company reported a 95 per cent increase in net profit at ₹251.23 crore compared with ₹128.74 crore last fiscal. Total income for the fiscal rose 30 per cent to ₹11,510.71 crore from ₹8,856.87 crore last fiscal.
Deepak Amitabh, Chairman and Managing Director, PTC India Ltd, said: “Volumes during the year showed a healthy increase of 23 per cent to 35,130 million units in FY14 compared with 28,597 million units in FY13.”
During the quarter, the company executed a power sale agreement for sale of power with UP discoms for 361 MW capacity from MB Power (Madhya Pradesh) Ltd. The cumulative LT - PSA capacity now stands at 7106 MW (including cross border projects), it said in a statement.
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