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Power trading solutions provider PTC India Ltd on Tuesday (November 12) reported a 12.5% year-on-year (YoY) increase in net profit at ₹146.2 crore for the second quarter that ended September 30, 2024.
In the corresponding quarter of the previous fiscal, PTC India posted a net profit of ₹130 crore, the company said in a regulatory filing. The company's revenue from operations increased 1.2% to ₹5,128 crore as against ₹5,069.5 crore in the corresponding period of the preceding fiscal.
At the operating level, EBITDA was up 4% to ₹306.2 crore in the second quarter of this fiscal over ₹294.6 crore in the corresponding period in the previous fiscal.
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EBITDA margin stood at 6% in the reporting quarter as compared to 5.8% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.
PTC India reported a 19% increase in standalone total income for Q2-FY25, reaching ₹197.37 crore, driven primarily by a 115% rise in net surcharge income compared to Q2-FY24. However, the standalone Profit Before Tax (PBT) for the quarter was marginally lower by 6%, amounting to ₹156.55 crore.
The company’s trading volume grew by 13% in Q2FY25, totalling 24,039 MU, compared to 21,326 MU in the same quarter last year. Consulting income for the quarter stood at ₹10.30 crore, while the core trading margin was reported at 3.60 paise per unit.
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For the first half of FY25, PTC India’s consolidated Profit After Tax (PAT) rose to ₹423.26 crore, up from ₹345.01 crore in H1FY24. Standalone PBT for the period increased to ₹300.21 crore, compared to ₹286.16 crore in H1FY24.
However, standalone PAT was slightly lower, at ₹222.81 crore, compared to ₹223.18 crore in the previous year’s first half. The trading volume for H1FY25 was 44,503 MU, a 6% increase from 41,885 MU in H1FY24. The core margin for the period stood at Rs 3.55 paisa per unit.
Dr Manoj Kumar Jhawar, Chairman & Managing Director, PTC India Ltd, said, "A healthy mix of volume from trades across different tenures has contributed to the growth of 13% in trading volume in Q2-FY 25. The short-term has contributed 56% of the volume and the balance has been contributed by medium- & long-term contracts."
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The results came after the close of the market hours. Shares of PTC India Ltd ended at ₹171.45, down by ₹8.20, or 4.56% on the BSE.
