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PTC India Q1 net up 77 pc to Rs 33 cr

This article was posted on Jul 30, 2009 and is filed under Stock News

MUMBAI: Power trading firm PTC India on Thursday reported a 77.01 per cent jump in net profit to Rs 33.33 crore for the first quarter ended June
30, 2009.

Total income increased to Rs 2,399.63 crore in the June quarter of 2009 from Rs 1,220.67 crore in the corresponding year-ago period, PTC India said in a filing to the Bombay Stock Exchange.

Besides, the company has recommended to the shareholders a dividend at 12 per cent for the FY 2008-09.

The power trading firm has posted a consolidated net profit of Rs 94.08 crore for the year ended March 31, 2009 as compared to Rs 48.27 crore in the previous fiscal.

PTC India ‘s total consolidated income increased to Rs 6636.57 crore for the FY’09 from Rs 3952.12 crore in the last year.

Shares of PTC closed at Rs 88.70, up 0.45 per cent over previous close on the BSE

source: Economictimes

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