PTC India Financial Services (PFS) was reported in the upper circuit of 5% at Rs 18 after the approval of the board of directors for the selection of S Gopal as a director (finance) and chief financial officer (CFO) with effect from the date of his joining subjected to completion of his joining formalities and submission of his relieving letter.

He is a graduate of commerce and an associate member of the Institute of Cost Accountants of India. He has worked with EESL since 2016 and holds the group executive director (commercial) position. He has about 30 years of experience in the power sector in treasury management, resource mobilisation, taxation, accounts & audit, taxation, commercial aspects of projects and contract management.

On a consolidated basis, the company’s net profit hit a high at 0.4% to Rs 52.66 crore on a 19.2% decrease in net sales to Rs 195.84 crore in the July-September quarter of FY23 over the July-September quarter of FY22.