Home BusinessPatni, PTC & UTV Q1 result
Patni net up 14 per cent
Higher other income, positive currency movement and enhanced focus on operating discipline aided Patni Computer Systems to post a net income (India GAAP) of Rs 135.9 crore for the quarter ended June 30, an increase of 14 per cent from Rs 119 crore clocked in the corresponding quarter last year. Revenue, at Rs 779.6 crore, dropped marginally by 1.6 per cent from Rs 767.3 crore last year.
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PTC Q1 net up 77 per cent
PTC India Ltd, the country’s largest power trading firm, has had a 76.8 per cent rise in net profit for the quarter ended June 30, owing to increased trading volume and higher treasury income. The net profit is Rs 33.3 crore for the quarter, compared with Rs 18.8 crore in the corresponding quarter last year.
UTV Q1 loss at Rs 23.33 crore
Affected by the two-month Bollywood-multiplex strike in April and May, in which no new films were released in theatres, the Mumbai-based media and film company UTV Software Communications posted a net loss of Rs 23.33 crore for the quarter ended June 30. In the same quarter year ago period, the company had posted a net profit of Rs 19.88 crore. Total revenue for UTV Software stood at Rs 115.36 crore for the quarter, down by around 16 per cent from Rs 137.07 crore last year.