PTC India Profit Grows 13.5%, Margins Expand
Power solutions company PTC India Ltd. posted a 13.5 percent growth in profit in the first quarter of the financial year 2017.
Net profit for the April-June period grew to Rs 56.5 crore from Rs 49.8 crore in the corresponding quarter the previous year.
Revenue for the June-ended quarter stood at Rs 3,576.6 crore, up 8.6 percent versus Rs 3,293 crore in the same quarter last year.
Earnings before interest, taxes, depreciation and amortisation increased 23 percent to Rs 73.6 crore from Rs 59.9 crore year-on-year. The EBITDA margin expanded 30 basis points to 2.1 percent from 1.8 percent.
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