PTC India Achieves 16% Profit Boost Amid Revenue Growth

PTC India reported a 16% increase in its consolidated net profit for the September quarter, reaching Rs 233.82 crore, driven by higher revenues. The company also announced Rajneesh Agarwal as the nominee director from NHPC Ltd, following its board meeting held on November 12, 2024.

PTC India, a prominent power trading solutions provider, announced a substantial 16% increase in its consolidated net profit, achieving Rs 233.82 crore for the September quarter. This marks a significant rise from the Rs 202.31 crore reported during the same period last year, as per a recent BSE filing.

The surge in profits is attributed to increased revenues, with total income elevating to Rs 5,133.63 crore, compared to Rs 5,088.29 crore a year earlier. This uptick highlights the company's robust financial performance.

In a significant development, the Board of Directors has approved the appointment of Rajneesh Agarwal as the nominee director representing NHPC Ltd, as per the latest board meeting held on November 12, 2024.

(With inputs from agencies.)