Small Cap Power Sector Co Net Profit Falls 17%, Declares Rs 7.80/Share Dividend

Leading small cap power trading solution provider, PTC India Ltd on May 27 announced a fall of 18% in its consolidated net profit at Rs 129.34 crore for the March quarter due to increased expenses. Earlier, the company's net profit was announced at Rs 157.11 crore for the January-March quarter of FY22, as per its regulatory filing. PTC India share price is Rs 93.47 apiece with intraday fall of 0.40%. Check details below:

PTC India Q4: Its total income surged to Rs 3,643.02 crore from Rs 3,107.04 crore declared in the year-ago quarter. Meanwhile, expenses soared to Rs 3,471.95 crore against Rs 2,890.57 crore declared a year ago.

PTC India Declares Dividend: According to the BSE filing of PTC India, "recommended a Final dividend @ 78% i.e. Re.7.80/- per equity share to the shareholders for their approval."

PTC India Stock Performance & Return: Last trading price of PTC India share is Rs 93.47 per share on BSE. Its 52-week high price is Rs 117.50 per share and 52-week low price is Rs 67.75 per share, respectively. It has a market capitalisation of Rs 2,766.79 crore. PTC India stock gave return of 8% YTD, 9% in last 1-year, 4% in last 2-years, and 60% in last 3-years.

PTC India About: PTC India Ltd. (formerly known as Power Trading Corporation of India Limited), was incorporated in 1999 to undertake trading of power to achieve economic efficiency and security of supply and to develop a vibrant power market in the country, according to its official website.