PTC India net down 6pc at Rs 61.44cr in Apr-Jun quarter
The company's standalone net profit was Rs 65.35 crore in the quarter ended on June 30, 2017, a BSE filing said.
During the quarter, it said that the business mix of the company has tilted to the short-term business. Short term has contributed around 60 percent of the volume and balance has been contributed by the long & medium term. The total margin has been a little lower due to the same.
It has a long-term power purchase agreement with renewable (wind) projects portfolio of 1050 MW. The supply is expected from next year onwards. This capacity is expected to contribute around 3 BUs (billion units) of trade volumes annually.
It said that 400 MW of long-term power was operationalized in this quarter. The effect of these contracts shall be visible in the coming quarters. The capacity is expected to contribute around 1.5 BUs to the total trading volume.
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