Power trading solutions provider PTC India posted a 33% increase in its consolidated net profit for the June quarter, reaching Rs 18.9 billion, up from Rs 14.3 billion in Q1 FY24. The rise in profit was attributed to lower expenses, which fell to Rs 448.6 billion from Rs 460.4 billion a year ago. Earnings per share (EPS) increased to Rs 5.87 in Q1 FY25 compared to Rs 4.39 in Q1 FY24.
Trading volume remained relatively flat at 20.5 billion units in Q1 FY25, compared to 20.6 billion units in the same period last year. Consulting income for the quarter stood at Rs 1.1 billion, with a core margin of 3.50 paisa per unit.
PTC India, a government initiative, is a pioneer in the Indian power market and is responsible for trading electricity with Bhutan, Nepal, and Bangladesh.