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( As on 09/11/2017 18:19) PTC India Q2 net profit up 15.44% at Rs 130.54 cr

The company reported standalone net profit of Rs 130.54 crore for the quarter ended September 30, 2017 as compared to Rs 113.08 crore in the same period last year, registering a year-on-yearÿgrowthÿof 15.44 per cent.

Net revenue of the company rose substantially by 31.08 per cent at Rs 5,210.10 crore in July-September quarter of this fiscal as against Rs 3,974.76 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 31.25 per cent to Rs 5,195.69 crore from Rs 3,958.63 crore in year ago period.

Other Income grew by 23.09 per cent at Rs 124.96 crore versus (Sep'16 Rs 101.52 crore).

Operating Profit surged by 2.90 per cent to Rs 93.62 crore as against Rs 90.98 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 21.40 per cent in September quarter.

Interest grew by 14.55 per cent y-o-y to Rs 53.37 crore, while Taxation increased by 6.19 per cent at Rs 33.98 crore (Sep'16 Rs 32.00 crore).