PTC India released its investor presentation for the results of the Third Quarter (Q3) of FY2025-26, covering both standalone and consolidated figures. While consolidated revenue saw a slight increase to ₹3,405.37 Cr, consolidated PAT from continuing operations decreased to ₹131.24 Cr compared to Q3 FY25. Standalone metrics showed a 4% rise in Trading Volume (MUs) to 20,010 MU, though Operational Income fell by 14% to ₹88.66 Cr.
Q3 FY2026 Financial Performance Overview (Consolidated)
PTC India reported its financial results for Q3 FY2026. On a consolidated basis, the Total Revenue from Operation saw marginal growth, moving from ₹3,315.59 Cr in Q3-FY25 to ₹3,405.37 Cr in Q3-FY26. However, the PAT from Continuing Operation experienced a decline, reported at ₹131.24 Cr for Q3-FY26, down from ₹176.43 Cr in the corresponding period last year.
Q3 FY2026 Standalone Performance Highlights
The standalone results for Q3-FY26 presented several shifts:
- Trading Volume (MUs): Increased by 4%, reaching 20,010 MU (up from 19,245 MU in Q3-FY25).
- Operational Income (Rs. Cr.)@: Decreased by 14% to ₹88.66 Cr (from ₹102.76 Cr). Note: This figure excludes surcharge income.
- Consultancy Income (in Cr): Declined by 12% to ₹10.8 Cr (from ₹12.25 Cr).
- Trading Margin (in Cr): Showed a minor drop of 1%, settling at ₹60.28 Cr (from ₹60.89 Cr).
- Profit Before Tax (PBT): Decreased to ₹111.37 Cr from ₹148.11 Cr.
- Profit After Tax (PAT): Dropped to ₹82.70 Cr from ₹110.59 Cr.
Notably, both Rebate (down to ₹17.58 Cr) and Surcharge (down to ₹19.51 Cr) saw significant reductions compared to Q3-FY25.
Nine Months (9M) FY2025-26 Performance Summary
Reviewing the nine-month period (9M FY25 vs 9M FY26):
- Trading Volume: Grew by 9% to 69,230 MU.
- Operational Income@: Fell by 5% to ₹336.74 Cr.
- Consulting Income: Decreased by 3% to ₹32.76 Cr.
- Trading Margin: Increased by 7% to ₹234.29 Cr.
- PAT: Decreased to ₹321.30 Cr from ₹333.40 Cr.
Company Overview and Portfolio Strengths
PTC India reaffirmed its vision to be a frontrunner in power trading by fostering a vibrant power market. Key historical milestones include introducing the Electricity Trading concept in 2001 and being among the first to secure a trading license post-EA-2003.
The current LT & MT Portfolio in MW stands at over 7,500 MW. Hydro-based projects constitute 46% of the total Power Purchase Agreements (PPA), and Renewable projects (including Hydro) make up 58% of the operating PPA portfolio.
The Customer Profile shows the company satisfactorily serving more than 800 clients, with 571 Utility clients being a major segment. The transition towards carbon neutrality is expected to drive growth through the C&I consumer and CPP model.
Key Business Initiatives and Market Outlook
Recent business developments focus heavily on green energy procurement and cross-border trade:
- Secured a Power Purchase Agreement for 100 MW solar power on a long-term (25 years) basis.
- Signed an MoU with NLC India Ltd for green energy transition and another with the Indian Port Association (IPA).
- Issued an Expression of Interest for 500 MW solar power procurement combined with 250 MW/1000 MWh ESS on a long-term basis.
- Maintained Cross Border supply (export) capability of up to 1600 MW in winter for the short term.
In the Indian power trading landscape, approximately 270 Billion Units of Electricity were traded in 2024-25. PTC India supports green power trading via markets like GTAM and RECs, aligning with India’s goal of 500 GW non-fossil capacity by 2030.
Source: BSE
