PTC India’s shares saw a significant rise of 3% after the company reported impressive Q3 results for the financial year 2024. As of 9:48 AM, the shares were trading 3.48% higher at Rs 139.00.
The company’s net profit for the quarter ending December 2024 soared by 33.31%, reaching Rs 67.15 crore, compared to Rs 50.37 crore in the same quarter of the previous year. This robust growth in profit signals strong operational performance despite challenging market conditions.
However, PTC India experienced a decline in sales by 22.64%, with total sales amounting to Rs 158.07 crore in Q3 2024, down from Rs 204.32 crore during Q3 2023. The sales drop is attributed to various market dynamics, but the significant rise in net profit highlights the company’s ability to manage costs effectively and generate strong returns.
PTC India shares opened at ₹135.30, reaching a high of ₹139.18 and a low of ₹134.94 during the day. The stock has seen a 52-week high of ₹254.60 and a 52-week low of ₹127.69, indicating significant volatility.
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