08 February 2011

Result Preview – 3QFY2011 PTC India -Angel Broking

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Result Preview – 3QFY2011
PTC India
PTC India (PTC) is slated to announce its 3QFY2011 results. We expect the company to
register a 47.8% yoy increase in its top line to `2,509cr, primarily on account of higher
volumes. Higher volumes are expected due to the commissioning of new power capacities.
We expect the company’s OPM to expand by 86bp yoy to 1.5%. The bottom line is estimated
to increase by 150% yoy to `33cr. We recommend Buy with a Target Price of `137.

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