PTC India has released its investor presentation for the financial results of Q2 and H1 FY 2025-26. The presentation highlights the company’s financial performance, business overview, and future strategies. Key figures include total revenue from operations, profit after tax, and trading volumes, alongside a detailed analysis of market trends and operational efficiencies.

Q2FY26 vs Q2FY25: Key Financial Highlights

PTC India’s performance in Q2FY26 compared to Q2FY25 reveals significant growth:

• Total Revenue from Operations: Increased from ₹4,885.22 Cr to ₹5,458.73 Cr.
• PAT from Continuing Operations: Rose from ₹162.78 Cr to ₹222.05 Cr.

Trading and Operational Performance

The company demonstrated improvements in trading and operational efficiency:

• Trading Volume: Increased by 9%.
• Operational Income: Grew by 11%, from ₹123.18 Cr to ₹136.91 Cr.
• Consultancy Income: Increased by 17%.
• Trading Margin: Improved by 11%, reaching ₹96.40 Cr.

H1-FY26 vs H1-FY25: Key Financials

A comparison of H1-FY26 with H1-FY25 shows the following:

• Trading Volume: Increased by 11%, reaching 49,220 MU.
• Operational Income: Decreased slightly by 1% to ₹248.08 Cr.
• Consulting Income: Increased by 1%, reaching ₹21.96 Cr.
• Trading Margin: Increased by 10% to ₹174.01 Cr.

Company Overview

PTC India is focused on power trading, aiming to develop a vibrant power market and correct market distortions. The company’s mission involves promoting power trading, developing market-based investments, facilitating power project development, and promoting power exchange with neighboring countries.

Operational Data and Portfolio

• PTC India manages a portfolio of more than 7500 MW of operating Long Term (LT) & Medium Term (MT) contracts.
• Hydro-based projects comprise 46% of the total Power Purchase Agreements (PPA).
• Renewable projects, including hydro, constitute 58% of the operating PPA portfolio.

Business Initiatives

PTC India is involved in various initiatives, including:

• Power Purchase Agreements (PPA) for solar power.
• Memorandum of Understanding (MoU) with the Indian Port Association (IPA) for green energy transition.
• Overseas consultancy services for power cost optimization.

Trading Market Dynamics

Key aspects of the Indian power trading market include operations through power exchanges, green power trading, and regulatory oversight by the Central Electricity Regulatory Commission (CERC).

Source: BSE

Triveni Engineering reported strong H1 FY26 results with revenue up by 18.4% to over ₹3,300 crore. PBT reached ₹32 crore, a notable increase from ₹11.5 crore in the prior year. The company anticipates moderate sugar prices driven by potential export allowances and sugarcane diversions for ethanol production. Triveni also highlights improvements in distillery operations and a healthy performance in its engineering business. The business expects continued growth and improved performance for the rest of the year.

Financial Performance Overview

Triveni Engineering & Industries Limited announced its Q2 and H1 FY26 earnings, highlighting the following:

• H1 FY26 Revenue: Increased by 18.4% to over ₹3,300 crore.
• PBT: Stood at ₹32 crore compared to ₹11.5 crore in the prior year.
• PAT: Reached ₹23.5 crore against ₹8.6 crore in the previous corresponding period.

Sugar Business

The sugar business saw revenue increase of 22% in H1, backed by a 14% rise in sugar dispatches and a 4% increase in realisations. For Q2, revenues rose by 27% driven by a 15% volume growth and 5% in realisations.

The company’s sugar inventory stood at 16.9 lakh quintals valued at ₹37.4 per kilo at the end of September. Triveni expects a domestic production of about 31 million tonnes, with sales of approximately 28 million tonnes and closing stock of about 7 million tonnes. This forecast accounts for a diversion of 3.25 million tonnes of sugar into ethanol and approximately 2 million tonnes of exports.

Alcohol Business

Alcohol sales for the quarter were down by 6%, due to supply chain issues. Ethanol constituted 92% of alcohol sales in Q2. Triveni also mentioned a significant improvement in profitability due to correction of input prices, particularly maize. OMCs have secured almost the entire quantity in cycle 1 for ESY 2025-2026.

Power Transmission Business

The power transmission business experienced a subdued order book during the quarter, but the company anticipates achieving robust double-digit growth in order booking, turnover, and profitability for this fiscal year. PBT margins have improved by over 400 basis points due to product mix and cost optimization.

The business has also secured 9 new OEM customers during the first half of FY26. The business is looking at the Indian market and foresees strong investment demand and manufacturing.

Water Business

Order booking of ₹1,520 crore was achieved. Cost reductions and maximizing profitability remain top priorities. New projects in recycle, reuse and Zero Liquid Discharge are being tendered for.

Scheme of Arrangement

The proposed amalgamation with SSEL and the demerger of the Power Transmission business has been approved by the stock exchanges. Meetings of stakeholders under the NCLT process have been scheduled for the end of November and early December for the two companies.

Source: BSE

PTC India has approved a Joint Venture Agreement with NLC India Renewables Limited to explore green energy projects. The collaboration aims to develop projects up to 2000 MW, including solar, wind, hydro, and battery storage, across India. NLC India Renewables will hold 74%, while PTC India will hold 26%. This partnership seeks to enhance trading portfolio and advisory services, promoting long-term sustainability.

Joint Venture for Green Energy Development

PTC India has approved entering a Joint Venture Agreement with NLC India Renewables Limited to explore opportunities in green energy. This announcement was made on November 11, 2025. The joint venture aims to develop Green Energy Projects across India.

Project Details and Scope

The collaboration will focus on projects with a capacity of up to 2000 MW. This includes a variety of renewable energy sources such as solar, wind, hydro, and battery storage systems. The projects will be developed on a pan-India basis in a phased manner. NLC India Renewables will hold a 74% stake, while PTC India will hold a 26% stake.

Rationale and Expected Benefits

The JV company is expected to strategically expand in the renewable assets. This will enhance the trading portfolio and consultancy/advisory services, contributing to long-term sustainability and a green growth trajectory.

Source: BSE

PTC India’s Board of Directors has approved the re-appointment of Shri Prakash Mhaske as a Non-Executive Independent Director for a second term of three years starting January 16, 2026. The board also approved the appointment of Shri Sukhdev Singh as an Additional and Independent Director for three years effective November 11, 2025. Both appointments are subject to shareholder approval.

Director Re-appointment

The Board has approved the re-appointment of Shri Prakash Mhaske (DIN: 08512385) as a Non-Executive Independent Director. This second term will span three years, commencing on January 16, 2026. The re-appointment is contingent upon the approval of the company’s shareholders.

New Independent Director Appointment

Shri Sukhdev Singh (DIN: 03288811), a retired IAS officer (1987 Batch), has been appointed as an Additional Director and designated as an Independent Director. His term will be for three years, effective from November 11, 2025, also subject to shareholder approval.

Shri Prakash Mhaske’s Background

Shri Prakash Mhaske, aged 64, holds a Bachelor of Engineering degree. He previously served as Chairman of the Central Electricity Authority, bringing significant strategic leadership and technical expertise.

Shri Sukhdev Singh’s Background

Shri Sukhdev Singh is a 1987-batch IAS officer (Retd.) and holds a B.E. (Mechanical) degree. Throughout his career, he served in several senior positions, including Chief Secretary of Jharkhand.

Source: BSE