PTC India has reported a ₹ 53.86 crore net profit for the fourth quarter of financial year 2018-2019. This is 19.5 per cent lower than the ₹ 64.37 crore bottom line reported in the same quarter of the financial year 2017-2018.
“We have got a dividend of just ₹ 8 crore during the financial year 2018-2019 from our subsidiary PTC India Financial Services Ltd (PFS). In the fiscal 2017-2018, we had received a dividend of ₹ 62 crore from PFS. This has affected the bottom line during the quarter under review,” a company official told BusinessLine.
“The dividends from PFS (for 2017-18) came in only in 2018-19. The mop up was low because of poor performance of PFS which was affected by stress in NBFCs. However, with NBFC sector somewhat looking up in 2018-19, we hope to get higher dividends from PFS during 2019-20”, the official said.
