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PTC India Recommends 16% Dividend For FY13

PTC India Ltd. said its board considered a dividend of 16 percent or Re.1.60 per equity share of 10 each for the fiscal year 2013.

For the fiscal year, the company reported a stand-alone net profit of Rs.128.74 crore, up by seven percent from the Rs.120.37 crore last year. Total net income, including other operating income, stood at Rs.8,856.87 crore, higher by 16 percent than the Rs.7,650.28 crore in 2012.

On a consolidated basis, its fiscal year net profit, after minority interest and share of associates, year fell by three percent to Rs.198.28 crore from the Rs.204.12 crore a year-ago. Total net income, including other operating income, totaled Rs.9,199.39 crore, higher by 14 percent than the Rs.8,058.70 crore in 2012.

At the BSE, PTC India shares are currently trading at Rs.56.55, up 0.62 percent from the previous close.

by RTTNews Staff Writer

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