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PTC India surges despite reporting 17% fall in Q4 consolidated net profit
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PTC India is currently trading at Rs. 98.22, up by 4.75 points or 5.08% from its previous closing of Rs. 93.47 on the BSE.
The scrip opened at Rs. 94.71 and has touched a high and low of Rs. 99.25 and Rs. 94.71 respectively. So far 210272 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 117.50 on 24-Jan-2023 and a 52 week low of Rs. 67.75 on 21-Oct-2022.
Last one week high and low of the scrip stood at Rs. 99.25 and Rs. 92.13 respectively. The current market cap of the company is Rs. 2907.39 crore.
The promoters holding in the company stood at 16.22%, while Institutions and Non-Institutions held 37.23% and 46.55% respectively.
PTC India has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported marginal fall of 0.35% in its net profit at Rs 155.34 crore for the quarter under review as compared to Rs 155.89 crore for the same quarter in the previous year. However, total income of the company increased by 19.70% at Rs 3,391.63 crore for Q4FY23 as compared to Rs 2,833.34 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 17.68% fall in its net profit at Rs 129.34 crore for fourth quarter ended March 31, 2023 as compared to Rs 157.11 crore for the same quarter in the previous year. However, total income of the company increased by 17.25% at Rs 3,643.02 crore for Q4FY23 as compared to Rs 3,107.04 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 12.96% fall in its net profit at Rs 369.74 crore as compared to Rs 424.81 crore for the previous year. Total income of the company decreased by 4.66% at Rs 14,909.57 crore for year under review as compared to Rs 15,637.62 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 8.07% fall in its net profit at Rs 507.15 crore as compared to Rs 551.67 crore for the previous year. Total income of the company decreased by 5.20% at Rs 16,002.51 crore for year under review as compared to Rs 16,879.77 crore for year ended March 31, 2022.
