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PTC India Results: Latest Quarterly Results & Analysis

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PTC India Ltd. 12 Nov 2025 12:54 PM

Q2FY26 Quarterly Result Announced for PTC India Ltd.

Electric Utilities company PTC India announced Q2FY26 results

  • Consolidated Profit Before Tax (PBT) from continued operation in Q2FY26 is Rs 298.06 crore compared to Rs 218.90 crore in Q2FY25, an increase of 36%.
  • Consolidated Profit After Tax (PAT) from continued operation in Q2FY26 is Rs 222.05 crore compared to Rs 162.78 crore in Q2FY25, an increase of 36%.
  • Consolidated Profit After Tax (PAT) from continued operation and discontinuedd operation in Q2FY26 is Rs 222.05 crore compared to Rs 233.82 crore in Q2FY25, an decrease of 5%.
  • Consolidated Total Comprehensive in Q2FY26 is Rs 221.58 crore compared to Rs 233.14 crore in Q2FY25, an decrease of 5%.

Manoj Kumar Jhawar, Chairman & Managing Director, PTC India, said: "A healthy mix of volume from trades across different tenures has contributed to the growth of 9% in trading volume in Q2FY26. The short-term has contributed 53% of the volume and balance has been contributed by medium- & long-term contracts. The value adds in the form of deep insights in the energy market and delivery chain are provided to our consulting clients.

Our assessment of power demand remains intact (with seasonal variations) with a close correlation of demand with GDP growth. With the introduction of market-oriented initiatives by CERC, like VPPA, coupling of the exchange traded markets and power market regulations (first amendment), we expect increasing demand of new products and services from clients (generator and consumers). We expect to penetrate deeper into the opportunity space around identified growth areas and maintain our leadership.

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Power - Electric Utilities company PTC India announced Q1FY26 results

  • Consolidated Profit Before Tax (PBT) from Continue operation in Q1FY26 is Rs 288.74 crore compared to Rs 203.05 crore in Q1FY25, an increase of 42%.
  • Consolidated Profit After Tax (PAT) from Continue operation in Q1FY26 is Rs 242.88 crore compared to Rs 150.76 crore in Q1FY25, an increase of 61%.
  • Consolidated Profit After Tax (PAT) from Continue operation and discontinued operation in Q1FY26 is Rs 242.88 crore compared to Rs 189.44 crore in Q1FY25, an increase of 28%.
  • Consolidated Total Comprehensive in Q1FY26 is Rs 242.95 crore compared to Rs 189.87 crore in Q1FY25, an increase of 28%.
  • EPS of the company increased to Rs 6.59 in Q1FY26 compared to Rs 5.87 in Q1FY25.

Manoj Kumar Jhawar, Chairman & Managing Director, PTC India, said: "A healthy mix of volume from trades across different tenures has contributed to the growth of 13% in trading volume in Q1FY26. The short-term has contributed 60% of the volume and balance has been contributed by medium- & long-term contracts.

Our assessment of power demand remains intact with a close correlation of demand with GDP growth. With the introduction of market-oriented initiatives by CERC, like VPPA, coupling of exchange market and power market regulations (first amendment), We expect demand of new product and services from clients (generator and consumers). We expect to penetrate deeper into the opportunity space around identified growth drivers and maintain our leadership position."

Result PDF

Power - Electric Utilities company PTC India announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Profit Before Tax (PBT) in Q4FY25 is Rs 608.01 crore.
  • The pre - tax contribution from the divestment of PTC Energy Limited (renewable arm) to ONGC Green Limited is Rs 521.63 crore.
  • Profit After Tax (PAT) in Q4FY25 was Rs 521.38 crore.
  • EPS of the company is increased to Rs 17.61.

FY25 Financial Highlights:

  • The Standalone Total Operational Income for FY25 is Rs 718.06 crore an increase of 17% over corresponding period of FY24.
  • The standalone Profit After Tax (PAT) for the FY25 is Rs 854. 78 crore as against Rs 368.98 crore in FY24. (the post-tax contribution from divestment of PEL is Rs 457.39 crore).
  • The Trading Volume for the FY25 is 82.75 BUs vis a vis 74.84 BUs in FY24.
  • The contribution of consulting income is Rs 50.35 crore for FY25.
  • The core trading margin stood at 3.37 paisa per unit.

Commenting on the results, Manoj Kumar Jhawar, Chairman & Managing Director, PTC India, said, “During the last quarter of FY25, our trading income grew by 14% to Rs 60.20 crore over corresponding quarter of last quarter of FY24. Short term volumes have contributed 66% of the total Volume for the quarter but an improved margin has helped in better realization of trading income.

On our investment management efforts, the divestment of PEL to ONGC Green Limited was completed during the quarter, this has contributed Rs 457.39 crore to the PAT for the FY25.

The Board has announced a dividend of Rs 11.70 /share (Interim plus Final) for the FY25.

The volume growth of 11% of the FY25 has been driven by the short term trades segment without any decline in the trading margin.

Going ahead, the electricity demand is expected to remain firm with volatility in demand patterns due to transient weather conditions. The growth in the traded volume is a testimony to our ability to customize service offerings for the market. With regulatory reforms and as evolving level playing field for the participants market making efforts of traders, the share of the electricity trading is expected to grow. PTC being front runner in this trading ecosystem, will innovate to grow the opportunity space in trading market."

Result PDF

Electric Utilities company PTC India announced Q3FY25 results

  • Consolidated Profit Before Tax (PBT) in Q3FY25 was Rs 225.53 crore compared to Rs 130.86 crore in Q3FY24.
  • Consolidated Profit After Tax (PAT) in Q3FY25 was Rs 181.11 crore compared to Rs 97.04 crore in Q3FY24.

Manoj Kumar Jhawar, Chairman & Managing Director, PTC India, said: "Growth has been witnessed across all segments of electricity trading in the third quarter of FY25. has been observed. The growth has been driven by short-term segments (bilateral & exchange) of electricity trading. The short term constitutes 59% of PTC’s total trading volume for 9M indicating increased preference of market participants for the shorter end contracts including bilateral market.

We expect to see hardening of electricity demand in sync with GDP growth rate. The new business drivers for the sector will be renewable energy, storage solutions and consulting offerings. We expect to penetrate deeper into the opportunity space. Identified focus on growth drivers will maintain our leadership position."

Result PDF

Electric Utilities company PTC India announced H1FY25 & Q2FY25 results

Q2FY25 Standalone Financial Highlights:

  • The Standalone Total Income for Q2FY25 increased by 19% to Rs 197.37 crore primarily on account of an increase in net surcharge income by 115% compared to Q2FY24.
  • The standalone Profit Before Tax (PBT) in Q2FY25 is marginally lower by 6%, at Rs 156.55 crore, from the corresponding quarter of last financial year.
  • The trading Volume is up by 13% in Q2FY25 to 24,039 MU compared to 21,326 MUs in Q2FY24.
  • Consulting income for Q2FY25 stood at Rs 10.30 crore.
  • Core trading margin stood at 3.60 paisa per unit.

Q2FY25 Consolidated Financial Highlights:

  • Consolidated Profit After Tax (PAT) in Q2FY25 was Rs 233.38 crore compared to Rs 202.31 crore in Q2FY24, an increase of 16%.
  • EPS of the company increased to Rs 7.34 in Q2FY25 compared to Rs 6.31 in Q2FY24.

H1FY25 Financial Highlights:

  • Consolidated Profit After Tax (PAT) in H1FY25 was Rs 423.26 crore compared to Rs 345.01 crore in H1FY24.
  • Standalone Profit Before Tax (PBT) in H1FY25 was Rs 300.21 crore compared to Rs 286.16 crore in H1FY24.
  • Standalone Profit After Tax (PAT) in H1FY25 was Rs 222.81 crore compared to Rs 223.18 crore in H1FY24.
  • The trading Volumes in H1FY25 was 44,503 MU compared to 41,885 MU in H1FY24, an increase of 6%.
  • Core margin stood at Rs 3.55 paisa per unit in H1FY25.

Manoj Kumar Jhawar, Chairman & Managing Director, PTC India, said: "A healthy mix of volume from trades across different tenures has contributed to the growth of 13% in trading volume in Q2FY25. The short-term has contributed 56% of the volume and balance has been contributed by medium- & long-term contracts.

We expect to see firm electricity demand in sync with GDP growth rate. The new business drivers for the sector will be the renewable energy, storage solutions and consulting offerings. We expect to penetrate deeper into the opportunity space around identified growth drivers and maintain our leadership position."

Result PDF

Electric Utilities company PTC India announced Q1FY24 results:

  • Consolidated Q1FY24:
    • Consolidated Profit Before Tax (PBT) in Q1FY24 was Rs 191 crore
    • Consolidated Profit After Tax (PAT) in Q1FY24 was Rs 143 crore
    • EPS of the company increased to Rs 4.39 per share in Q1FY24
  • Standalone Q1FY24:
    • The Standalone Profit Before Tax (PBT) for Q1FY24 increased by 20% to Rs 120 crore
    • The standalone Profit After Tax (PAT) for Q1FY24 increased by 21% to Rs 90 crore
    • The Trading Volumes increased by 16% in Q1FY24 to 20.6 BU compared to 17.6 BU in Q1FY23.

Commenting on the results, Dr. Rajib K Mishra, Chairman & Managing Director, PTC India, said, "We are pleased to announce the financial results for Q1FY24, both on a standalone and consolidated basis. The company achieved an impressive 21% growth in profitability, propelled by strong growth in volumes and effective working capital management. Notably, the company achieved a milestone highest ever PBT and PAT for Q1 of a financial year.

The subsidiary companies continued to perform well during the quarter reaffirming the robustness and overall resilience of the PTC Group's business model. The challenges faced by our financial subsidiary, PFS, over the past couple of years, have been effectively addressed which is validated by the sequential financial metrics.

Moreover, we are actively exploring avenues to monetize our wholly-owned subsidiary, PTC Energy Limited, and have received expressions of interest from various leading corporates. The process of bidding is on and is expected to be completed shortly. Subsequently, the outcome of the exercise will be put up before the Board and the Shareholders for necessary approvals.

The Hindustan Power Exchange (HPX), sponsored by PTC, is making significant strides in business volumes and has garnered a third of the market in the Term Ahead Segment. With the introduction of innovative products like HP-TAM and AS-RTM, designed to cater to the dynamic needs of the Indian Power Markets, HPX is expanding its market presence and establishing its reputation as a credible platform. The recent policy initiatives from the Government of India are anticipated to create a favorable business environment that will improve the growth prospects of HPX.”

 

Result PDF

Electric Utilities company PTC India announced Q4FY23 & FY23 results:

  • Consolidated Q4FY23:
    • Profit Before Tax (PBT) in Q4FY23 was Rs 171.05 crore
    • Profit After Tax (PAT) in Q4FY23 was Rs 129.34 crore
  • Consolidated FY23:
    • Profit Before Tax (PBT) was down by 9% in FY23 amounting to Rs 680.37 crore
    • Profit After Tax (PAT) was down by 8% in FY23 amounting to Rs 507.15 crore
  • Standalone Q4FY23:
    • Total Income for Q4FY23 decreased by 36% in Q4FY23 to Rs 179.58 crore primarily on account of a decrease in net surcharge income by ~63% compared to Q4FY22
    • Profit After Tax (PAT) was almost flat in Q4FY23 at Rs 155.34 crore compared to Rs 155.89 crore in Q4FY22
    • The Trading Volumes was down by 5% in Q4FY23 to 16,390 MU compared to 17,329 MU in Q4FY22
  • Standalone FY23:
    • Total Income was down by 21% in FY23 to Rs 588.35 crore primarily driven by a 49% decrease in Net Surcharge
    • Profit After Tax (PAT) was Rs 369.74 crore
    • The Trading Volumes were down by 19% in FY23 to 70,610 MUs compared to 87,515 MUs in FY22 on account of a decrease of around ~15.1 BUs in low-margin power exchange-traded volumes
    • The per unit core margin realized during the year has increased by 13.5% to 3.20 paisa per unit, compared to 2.82 paisa per unit.

Commenting on the results, Dr. Rajib K Mishra, Chairman & Managing Director, PTC India, said "We are pleased to announce the financial results for Q4FY23 & FY23, both on a standalone and consolidated basis. The Board of Directors has recommended a dividend of Rs 7.8 per equity share for FY23, reiterating the confidence in PTC’s business model and prospects of the business in the future. FY23 for PTC India was a year of consolidation by taking strategic calls, ceding volumes to avoid a negative impact on the cost of funds, and reorienting the business model. Throughout the year, our company prioritized core margins over volumes as a part of the business strategy.

The Government of India's initiatives, such as the LPS scheme, played a crucial role in enhancing the liquidity position of state utilities and reducing outstanding dues owed to PTC. After the implementation of the scheme, our surcharge income experienced a decline during the year. However, the scheme positively impacted our cash flows significantly, reducing the working capital cycle, decreasing the borrowing costs, and improving the cash balances."

 

Result PDF

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