PTC India Ltd shares gained over 2% in early trading on November 12, following the company’s strong Q2 performance. The power trading giant reported a 12.5% year-on-year (YoY) increase in net profit, reaching ₹146.2 crore for the quarter ending September 30, 2024, up from ₹130 crore in the same period last year.
Revenue from operations also saw a modest increase of 1.2%, rising to ₹5,128 crore compared to ₹5,069.5 crore in the corresponding quarter of the previous fiscal. PTC India’s EBITDA margin improved to 6% from 5.8% last year, with EBITDA rising 4% YoY to ₹306.2 crore.
As of 9:21 am, PTC India shares were trading 2.75% higher at Rs 176.10 on the NSE.
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