Quarterly Results: PTC India Ltd
Bhagyashree Vivarekar / 15 Nov 2016
PTC India Ltd is currently trading at Rs. 67.95, down by 2.3 points. The company has reported a 10.5% yoy upsurge in net profit to Rs 113 cr.
Technical View:
PTC India Ltd is currently trading at Rs. 67.95, down by 2.3 points or 3.27% from its previous closing of Rs. 70.25 on the BSE.
The scrip opened at Rs. 70.35 and has touched a high and low of Rs. 71.9 and Rs. 67.6 respectively. So far 1540461(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.
Consolidated Results Q2FY17:
PTC India’s Q2FY17 consolidated numbers have come in as a mixed bag in comparison with Bloomberg estimates. Revenue for the quarter has come in 4.6% lesser than the estimate of Rs. 4245 cr. However, EBITDA has come in 11.1% greater than the estimated figure of Rs 82 cr. Net profit for the period is 60.4% greater than the quarterly estimate of Rs 70 cr.
Net-revenue for the quarter has soared 18.9% yoy to Rs 4050 cr.
PTC's EBITDA for the quarter has surged 11.5% yoy to Rs 91 cr, triggered by EBITDA margin shrinking of 15 bps to 2.2%. Operating expenses for the quarter have climbed 19% yoy during the current quarter.
The company has reported a 10.5% yoy upsurge in net profit to Rs 113 cr.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.