PTC India reports 17% fall in Q4 consolidated net profit

29 May 2023 Evaluate

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.

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