PTC India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
June 07, 2024 at 08:31 pm IST
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PTC India Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 33,717.4 million compared to INR 34,530.9 million a year ago. Revenue was INR 35,100.2 million compared to INR 35,891 million a year ago. Net income was INR 862.6 million compared to INR 1,165.9 million a year ago. Basic earnings per share from continuing operations was INR 3.08 compared to INR 4.29 a year ago. Diluted earnings per share from continuing operations was INR 3.08 compared to INR 4.29 a year ago. Basic earnings per share was INR 2.91 compared to INR 3.94 a year ago. Diluted earnings per share was INR 2.91 compared to INR 3.94 a year ago.
For the full year, the company reported sales was INR 164,393.7 million compared to INR 152,467.1 million a year ago. Revenue was INR 168,053.6 million compared to INR 156,978 million a year ago. Net income was INR 4,768.8 million compared to INR 4,456 million a year ago. Basic earnings per share from continuing operations was INR 14.43 compared to INR 14.3 a year ago. Diluted earnings per share from continuing operations was INR 14.43 compared to INR 14.3 a year ago. Basic earnings per share was INR 16.11 compared to INR 15.05 a year ago. Diluted earnings per share was INR 16.11 compared to INR 15.05 a year ago.
PTC India Limited (PTC) is a provider of power trading solutions in India. Its segments include Power and Financing business. The Power segment includes trading and generation of power. The Financing segment includes investing in equity or extending debt to power projects in generation, transmission, distribution, fuel resources and fuel related infrastructure. It offers business solutions for generators, utilities, cross border power trade solutions, PTC retail, consultancy / advisory solutions, energy efficiency, renewable energy and project financing. PTC offers a range of services to the utilities, including long and medium-term sales, short-term sales and power banking arrangements. It offers PTC retail solutions to public sector undertakings (PSUs) and Central PSUs, Industrial Clients, Commercial Clients, and independent power producers (IPPs) and captive power producers (CPPs). Its subsidiaries include PTC India Financial Services Limited (PFS) and PTC Energy Limited (PEL).