Leading power trading utility PTC India Ltd. has declared its first quarter financial results for the fiscal year 2010-11 and as per the initial reports the net profit has been decline to over 16% in this quarter under review against last year's report. The company has posted a net profit of Rs 27.8 crore for this quarter. The net profit of the firm was reported to be Rs 33.33 crore for the same quarter last year. Hence there has been a decline of 16.6% in the net profit figure this time against last year's record. PTC India is one of the leading firms in the country which is engaged in trading electricity.

So far as the total income of the firm is concerned, it has declined to Rs 2,758.43 crore during the April-June period of fiscal year 2010. It has Rs 2,372.52 crore for the same quarter last year. So there has been a marginal decline in the total income of the firm in this quarter. This has been informed by PTC India Ltd. in a filing at the Bombay Stock Exchange.