New Delhi, Nov 2022: PTC India Limited, the leading provider of power trading solutions in India, today announced its consolidated financial results for the full year ending 31 March 2022.
Summary of Financial Performance for FY22
· The Board of Directors has recommended a final dividend of INR 5.80 per equity share for
FY22, subject to the approval of the shareholders in AGM. The total dividend for FY22 will be therefore INR 7.80 per equity share (including INR 2 / share interim dividend paid earlier) which amounts to 78% of the face value of INR 10 per share
· Consolidated Profit After Tax (PAT) increased to INR 552 Crores for the FY22 compared to
INR 458 Crores in FY21, an increase of 21%
· Consolidated Profit Before Tax (PBT) increased to INR 745 Crores for the FY22 compared to INR 679 Crores in FY21, an increase of 10%
· The EPS of the company increased to INR 17.10 in FY22 compared INR 15.16 in FY21, an increase of 13%
Management comment:
Commenting on the results, Dr. Rajib K Mishra, Director (M&BD) & CMD In-charge, PTC India Ltd., said
“We are pleased to declare the consolidated Annual Results for FY22. Our consolidated profits for the year grew by 21%. This increase in consolidated profits was buoyed by the turnaround in the performance of our subsidiary companies. The strong performance reiterates the overall strength and robustness of the business model of the PTC Group.
Since having an early mover advantage, PTC has long stood for constant innovation and improvement. We are committed to introducing next-generation power market products keeping in sync with the country’s philosophy of sustainable growth through Renewable Energy sources and digital transformation.”
