PTC India has reported a 3.9 per cent decline in its net profit for the quarter ended September 2020 at Rs 1.93 billion as compared to a net profit of Rs 2.01 billion posted in the same quarter in the last financial year. The total income of the company during the same period also rose 15 per cent to Rs 60.11 billion from Rs 52.35 billion posted in the same period last year..
According to PTC India, PTC India Financial Services (PFS) was impacted during the quarter due to the lockdown situation in the country as activities related to clearances, land acquisition for new and under-construction projects, specifically in the renewable and road sectors, are delayed at borrowers end.