FCC

PTC India Q1 PAT Soars 33% to Rs 1.89 billion

2024-08-14

Power trading solutions provider PTC India reported a 33 per cent increase in its consolidated net profit to Rs 1.89 billion for the June quarter, attributing the rise to reduced expenses. According to a company statement, the Consolidated Profit After Tax (PAT) for Q1-FY25 was Rs 1.89 billion, up from Rs 1.43 billion in Q1 FY24.

The total expenses decreased to Rs 44.86 billion for the quarter, down from Rs 46.03 billion the previous year.

Earnings per share (EPS) rose to Rs 5.87 in Q1 FY25, compared to Rs 4.39 in Q1 FY24.

The trading volume was 20.5 billion units (BUs) in Q1-FY25, slightly down from 20.6 BUs in Q1 FY24.

Consulting income for Q1 FY25 amounted to Rs 110 million, with the core margin at 3.50 paisa per unit.

Manoj Kumar Jhawar, Chairman and Managing Director (Addl Charge) and Director (Commercial & Operation) of PTC India, noted that unusual changes in demand patterns, partly due to extreme weather conditions during the quarter, resulted in high electricity demand and mismatches. He remarked that the flat trading volume achieved in this context reflects the balanced portfolio composition of the company.