PTC India Q3 profit zooms nearly 7-fold to Rs 45.33 crore

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26 Aug, 2025 12:21

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State-owned power trading solutions company PTC India reported a nearly seven-fold jump in its net profit at Rs 45.33 crore for the quarter ended December 31, helped by rise in trading volumes. The company had posted a net profit of Rs 6.63 crore for the corresponding quarter of the previous fiscal. Total income has increased to Rs 2,947.12 crore for the quarter under review in the current fiscal from Rs 2,832.59 crore for the same quarter a year ago.

"PTC has reported a healthy growth in power trading volumes due to a change in business mix with significant additions to our long-term business. Exchange traded volumes of PTC as a trader member also showed healthy growth. This has been achieved in an environment of continuing low purchase intent from the state Discoms," PTC India Chairman and MD Deepak Amitabh said.

"We believe that with the earlier re-opening of medium term market for power traders, the trading opportunities are set to rise in the near future. The company continues to strengthen its position in the long term business with the commissioning of new projects," he added. The power trading volumes have increased by 26 percent to 9,761 million units in third quarter of this fiscal from 7,773 million units in the same period a year ago.

The company said in a statement that the earnings per share (EPS) for the quarter stood at Rs 1.53 compared to Rs 0.22 in same quarter of the previous fiscal. Supply of 259 MW to power distribution companies of Haryana on a long-term basis from Unit-II of Lanco Amarkantak Power Project in Chhattisgarh has commenced. PTC India has entered into an agreement with Solar Energy Corporation of India (SECI) for sale and purchase of power generated from 3,000 MW solar projects for onward sale on long term basis for a full term of 25 years.