PTC India reports 12% growth in Q1 power trading volume

PTC India Limited reported a 12% year-on-year increase in power trading volume during the quarter ended June 30, 2026, while its Board declared an interim dividend of Rs 23 per equity share of face value Rs 10.

The company traded 25,783 million units (MU) of electricity during Q1 FY27, compared to 23,042 MU in the corresponding quarter of the previous financial year. Income from the trading business increased 11% year-on-year to Rs 86.31 crore.

Standalone performance

PTC India reported consulting income of Rs 10.76 crore during the quarter, while maintaining its core trading margin at 3.35 paise per unit.

Standalone profit after tax (PAT) stood at Rs 70.67 crore. The company attributed the decline compared to the corresponding quarter of the previous year primarily to lower rebate and surcharge income.

Consolidated results

On a consolidated basis, PTC India reported profit before tax of Rs 150.96 crore and profit after tax of Rs 112.08 crore for the quarter ended June 30, 2026. Earnings per share (EPS) stood at Rs 3.31.

Commenting on the results, Dr. Manoj Kumar Jhawar, Managing Director & Chief Executive Officer, PTC India Limited, said:

“Healthy level of core performance metrics have been maintained in a scenario where the market is in transition. This has been possible largely because of the resilience of PTC’s business model. The mix of volume from trades across different tenures has contributed to the growth of 12% in trading volume in Q1-FY 27. The short-term (bilateral & exchange) has contributed 67% of the volume and balance has been contributed by medium- & long-term contracts.

Our assessment of power demand remains intact with a close correlation of demand with GDP growth. With the introduction of market-oriented initiatives by CERC, like VPPA, coupling of exchange market and power market regulations (amendments), We expect demand of new product and services from clients (generator and consumers). We expect to penetrate deeper into the opportunity space around identified growth drivers and maintain our leadership position.”

Outlook

According to the company, the increase in trading volumes was supported by a balanced portfolio across short-term, medium-term and long-term contracts. Short-term transactions, including bilateral and exchange-based trades, accounted for 67% of traded volumes during the quarter, while the remaining volume came from medium- and long-term contracts.

PTC India expects market-oriented reforms introduced by the Central Electricity Regulatory Commission (CERC), including Virtual Power Purchase Agreements (VPPA), market coupling and amendments to power market regulations, to create additional opportunities for new products and services.

The featured photograph is for representation only.