PTC India Achieves Fourfold Increase in Q4 Net Profit to Rs 372 Crore Driven by Exceptional Gains

PTC India, a power trading solutions provider, reported a significant increase in its consolidated net profit for the March quarter. The profit surged to Rs 371.87 crore, primarily due to an exceptional gain of Rs 305.96 crore. This is a notable rise compared to the Rs 91.11 crore profit recorded in the same quarter the previous year.

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The company's total income for the quarter fell to Rs 3,030.51 crore from Rs 3,510.02 crore a year earlier. The exceptional gain was attributed to the sale of its entire equity in PTC Energy Ltd (PEL) to ONGC Green. This divestment resulted in a sales consideration of Rs 1,175.75 crore, net of selling costs, contributing significantly to the profit.

Financial Performance and Dividend

For the fiscal year 2024-25, PTC India achieved a net profit of Rs 976.24 crore, up from Rs 533.16 crore in the previous year. However, total income for the fiscal year decreased to Rs 16,277.22 crore from Rs 16,805.36 crore in the prior year. The board has proposed a final dividend of 67 per cent or Rs 6.70 per share for the financial year ending March 31, 2025.

The trading volume for FY 2024-25 reached 82.75 billion units compared to 74.84 billion units in FY 2023-24. Consulting income contributed Rs 50.35 crore during this period, while the core trading margin was maintained at 3.37 paise per unit.

Growth and Strategic Moves

Manoj Kumar Jhawar, Chairman & Managing Director of PTC India, highlighted that trading income grew by 14 per cent to Rs 60.20 crore during the last quarter of FY 2024-25 compared to the same period in FY 2023-24. Short-term volumes accounted for 66 per cent of total volume for the quarter, with improved margins enhancing trading income realization.

The divestment of PEL to ONGC Green Ltd was completed during this quarter and contributed Rs 457.39 crores to the PAT for FY 2024-25, according to Jhawar. The company experienced an 11 per cent volume growth in FY 2024-25 driven by short-term trades without any decline in trading margin.

Company Overview and Market Position

PTC India is a government initiative that pioneered power market development in India and has maintained its leadership position since inception. The company is also tasked by the Government of India with trading electricity with neighbouring countries Bhutan, Nepal, and Bangladesh.

The company's strategic moves and consistent performance underscore its commitment to maintaining its leadership in power trading while expanding its market reach through strategic partnerships and investments.

With inputs from PTI