PTC Q1 net up 6%

NEW DELHI: PTC India has reported 6% increase in net profit for the first quarter. Profit after tax (PAT) rose to Rs 12 crore, compared to Rs 11 crore during the first quarter (Q1) of last year. Income from operations rose 138% to touch Rs 1,042 crore during the quarter. PTC on Tuesday announced that it would be setting up a new subsidiary which would be an investment company for PTC’s equity investments in power projects. The shareholders also passed a resolution to increase the FII investment limit.