PTC India Fin plunges on disappointing Q4 results; ends 19% down
The company’s net profit fell 66 per cent to Rs 15.8 crore as against a net profit of Rs 46.4 crore, in the corresponding quarter last fiscal.
MUMBAI: Shares of PTC India Financial Services plunged 20 cent intraday as the company disappointed the Street with fourth quarter results.
The stock ended the day in red, down 19.57 per cent or Rs 11.45 at Rs 47.05.
The company’s net profit fell 66 per cent to Rs 15.8 crore as against a net profit of Rs 46.4 crore, in the corresponding quarter last fiscal. Total income during Jan-march quarter rose to Rs 217 crore, up 45.6 per cent, as compared to Rs 149 crore, in the same period a year ago.
Net bad loans rose to 1 per cent from nil in the March 2014 quarter.
The company has recommended a dividend of 10 per cent i.e. one rupee per equity shared face value of Rs 10 for FY 2014-15
The stock ended the day in red, down 19.57 per cent or Rs 11.45 at Rs 47.05.
The company’s net profit fell 66 per cent to Rs 15.8 crore as against a net profit of Rs 46.4 crore, in the corresponding quarter last fiscal. Total income during Jan-march quarter rose to Rs 217 crore, up 45.6 per cent, as compared to Rs 149 crore, in the same period a year ago.
Net bad loans rose to 1 per cent from nil in the March 2014 quarter.
The company has recommended a dividend of 10 per cent i.e. one rupee per equity shared face value of Rs 10 for FY 2014-15
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
