PTC India on Tuesday reported 16.32 per cent drop in standalone net profit at Rs 53.86 crore for the quarter ended March 31, 2019, mainly due to lower dividend from its subsidiaries.
The profit in the year-ago quarter stood at Rs 64.37 crore, as per a BSE filing.
A company official said PTC India got total dividend of Rs 8 crore from its subsidiaries PTC Energy and PTC Financial Services for 2018-19 as compared to Rs 62 crore in the previous fiscal.
Total income rose to Rs 2,673.25 crore in the latest quarter from Rs 2,179.08 crore in the year-ago period.
Total income during 2018-19 increased to Rs 13,627.29 crore from Rs 11,518.49 crore in 2017-18.
Net profit dipped to Rs 262.32 crore in 2018-19 from Rs 319.20 crore in the previous year.
The company’s board recommended a dividend at the rate of 40 per cent (Rs 4 per equity share) on 29,60,08,321 fully paid up equity shares of Rs 10 each.
During 2018-19, loan amounting to Rs 385.77 crore has been written off post resolution of such amounts.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.