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PTC India Shareholders Approve Final Dividend of Rs 5.80 Per Equity Share

PTC Industries announced a multi-year contract with Safran Aircraft Engines. 

On Monday, Power trading solutions provider PTC India said its shareholders had approved a final dividend of Rs 5.80 per equity share for 2021-22.

The company statement said that the final dividend excludes an interim dividend of Rs 2 per equity share.

At the AGM on December 30, 2022, in addition to the interim dividend, shareholders also approved the payment of a final dividend, the highest ever paid by the company.

Meanwhile, consolidated profit for the year to March 2022 rose 21%. Consolidated PAT (Profit After Tax) increased from Rs 458 crore in FY21 to Rs 552 crore in FY22.

The company also reported a record 87.5 BU (billion units) in sales for the 2021-22 fiscal year, an increase of 9.3%.

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