PTC India Reports 33% Profit Surge, EPS Up in June Quarter

Power trading solutions provider PTC India reported a 33% rise in consolidated net profit to Rs 189 crore in the June quarter, driven by lower expenses. The EPS increased to Rs 5.87, and despite flat trading volumes, consulting income stood at Rs 11 crore. PTC continues its efforts in medium-term contract power supply.

PTC India, a leading power trading solutions provider, has announced a 33% increase in its consolidated net profit for the June quarter, reaching Rs 189 crore. The spike in profit is attributed to a reduction in total expenses, which fell to Rs 4,486.14 crore from Rs 4,603.93 crore a year ago.

According to a company statement, Earnings Per Share (EPS) rose to Rs 5.87 in Q1 FY25 from Rs 4.39 in the same period the previous year. Trading volumes remained relatively stable at 20.5 BUs compared to 20.6 BUs in the previous year. Consulting income for the quarter was reported at Rs 11 crore with a core margin of 3.50 paisa per unit.

Manoj Kumar Jhawar, Chairman and Managing Director (Addl Charge) and Director (Commercial & Operation) at PTC India, highlighted that despite challenges such as extreme weather and high electricity demand, the company managed to maintain a balanced portfolio. He added that the company has initiated operational medium-term power supply contracts for five years and anticipates consistent performance from renewable sources.