Final dividend of ₹5.80 per share Is approved by shareholders: PTC India

According to PTC India, this final dividend is in addition to the interim dividend of 2 rupees per equity share.

PTC India, a supplier of power trading solutions, announced today that its shareholders have authorised a final dividend of ₹5.80 per equity share for the years 2021–2022.

According to a business release, this final payment is in addition to the interim distribution of ₹2 per equity share.

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The final dividend and interim dividend were approved by the shareholders at the annual general meeting (AGM) on December 30, 2022, making it the highest dividend the firm has ever declared.

“We are also exploring opportunities in emerging areas of Green Hydrogen, Battery Energy Storage Systems through collaborations with global technology companies,” Rajib K Mishra, CMD (additional charge), PTC India said.

In the meantime, the combined profits for the fiscal year ending in March 2022 increased by 21%. In comparison to FY21, when the combined PAT (profit after tax) was ₹458 crore, FY22 saw a rise to ₹552 crore.

During the fiscal year 2021–2022, the corporation also claimed record volumes of 87.5 BU (billion units), an increase of 9.3%.