PTC India gains on Q2 profit growth, margin expansion

PTC India

13/11/2024 06:44

** PTC India  PTCI.NS  climbs as much as 4.67% to 179.38
rupees
    ** Power finance company posts 12.3% y/y rise in Q2
consolidated net profit to 1.46 bln rupees
    ** Rev from ops rises ~1.2% y/y; profit margins expand to 6%
from 5.8%
    ** PTCI among the only three gainers on Nifty High Beta 50
index  .NIFTYHBI , which is a compilation of 50 stocks listed on
NSE with high beta - a measure of sensitivity of stock returns
to Nifty 50  .NSEI  returns
    ** Stock down 8% YTD, underperforming NSEI's 9.13% rise
    ** In 2023, PTCI added 134% vs Nifty 50's 20% gains to enter
the high beta 50 index

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))