PTC Q1 profit dips at Rs27.8 crore

Power trading utility Power Trading Corporation of India Ltd yesterday reported a drop in its net profit at Rs27.8 crore in the first quarter (April-June) this fiscal as against Rs33.33 crore in the year ago period.

The company reported a total income of Rs2,758.43 crore in the April-June period this fiscal as against Rs2,372.52 crore in the same quarter last year, according to the company's filing to the BSE.

PTC India is in the electricity trading and its trading volume rose 36.7 per cent at 5,747 million units (MUs) in the first quarter as against 4,204 MUs in the same period last fiscal.