India Infrastructure Earnings: PTC India earnings show 25% drop in Sales, 50% drop in Profit, IDBI stumbles

PTC India ( Power Trading Corp) had meagre sale s of INR 13.35 bln this quarter from 17.7 bln last December while prfts were almost notional at INR 0.095 bln compared to a 0.38 bln score in the year ago quarter

IDBI grew NPAs to 2.9% gross a 20% increase over the last quarter  as it scored a 10% downtick in profits to INR 4.54 bln froma year ago. NII was also lower by more than 10% at INR 10.6 bln 

 

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