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PTC India reported a 44% YoY growth in standalone net sales for Dec 17 quarter to Rs 4490.07 crore. OPM was up by 20 bps to 1.9% which resulted in 60% increase in OP to Rs 85.96 crore. Other income was lower by 15% to Rs 17.75 crore for Dec 17 quarter. Other income includes interest income of around Rs 16 crore. Interest costs was higher by 28% to Rs 16.03 crore and depreciation was higher by 115% to Rs 0.71 crore. Thus, PBT was higher by 41% to Rs 86.97 crore. After providing total tax of Rs 28.03 crore up by 47%, PAT for the Dec 17 quarter stood at Rs 58.94 crore, up by 38% YoY.
Commenting on the results, Mr. Deepak Amitabh, Chairman & Managing Director, PTC India Ltd., said,
"Robust growth numbers in operating and financial metrics is a demonstration of the strength of PTC's business model. The quarter has been a business-as-usual period when different segments of the power market have shown overall growth. PTC has consolidated these trends in its balanced portfolio. We are confident that PTC will further improve upon its business mix going forward"
Performance for the 9 months ended Dec 17
For the 9 months ended Dec 17, net sales were up by 31% to Rs 14181.15 crore. OPM was lower by 10 bps at 1.9% which resulted in OP of Rs 268.35 crore, up by 23%. Other income was higher by 15% to Rs 185.56 crore. Interest cost was higher by 16% to Rs 104.58 crore. Depreciation was higher by 7% which resulted in a PBT growth of 20% YoY to Rs 347.25 crore. Total tax stood at Rs 92.42 crore, up by 21% which resulted in a PAT growth of 20% to Rs 254.83 crore, for the 9 months ended Dec 17.
Total volumes traded in Dec 17 quarter stood at 14.2 Billion Units (BU), up by 36% YoY. Total volumes for 9 months ended Dec 17 stood at 45.2 BU up by 18% YoY.
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