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Wednesday, April 24, 2024

PTC’s consolidated PAT for FY22 up 21 pc to Rs 552 cr

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New Delhi: PTC India Limited on Friday reported 21 per cent growth in its consolidated Profit After Tax (PAT) at Rs 552 crore for the financial year ended March 31, 2022.

The company had reported PAT of Rs 458 crore in the same period the previous year.

The EPS of the company increased to Rs 17.10 in FY22 compared to Rs 15.16 in FY21, an increase of 13%.

The company announced a final dividend of Rs 5.80 per equity share for FY22, subject to the approval of the shareholders in AGM.

Commenting on the results, Dr Rajib K Mishra, Director (M&BD) & CMD In-charge, PTC India Limited, 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 introduce next generation power market products keeping in sync with the country’s philosophy of sustainable growth through Renewable Energy sources and digital transformation,” Mishra said.

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