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Business Standard
27-05-2025
- Business
- Business Standard
PTC India Q4 PAT spurts 308% YoY to Rs 372 cr; declares dividend of Rs 6.70/sh
PTC India reported a 308.15% year-on-year surge in consolidated net profit to Rs 371.87 crore in Q4 FY25, compared to Rs 91.11 crore in Q4 FY24, primarily driven by an exceptional gain of Rs 305.96 crore. However, revenue from operations declined 14.38% YoY to Rs 2,886.93 crore in Q4 FY25, from Rs 3,371.74 crore in Q4 FY24, reflecting subdued trading volumes in a challenging market environment. Profit before exceptional items and tax stood at Rs 160.85 crore in Q4 FY25, up 6.61% year-on-year from Rs 150.87 crore in the same period a year earlier. The exceptional gain resulted from the complete divestment of PTC's equity stake in its wholly owned subsidiary, PTC Energy (PEL), to ONGC Green. The transaction fetched a total consideration of Rs 1,175.75 crore (net of costs), resulting in a one-time profit of Rs 305.96 crore, which was recorded under "exceptional items" in the company's consolidated financial statements for the quarter and full year ended 31 March 2025. On a standalone basis, net profit rose 528.93% YoY to Rs 521.38 crore in Q4 FY25, even as revenue from operations slipped 14.27% to Rs 2,757.32 crore. Standalone profit before exceptional items and tax came in at Rs 86.38 crore, lower than Rs 133.32 crore in Q4 FY24, primarily due to margin compression. Exceptional items for the quarter amounted to Rs 521.63 crore on a standalone basis. On a full-year basis, the company's net profit jumped 131.66% to Rs 854.78 crore on a 4.64% drop in revenue to Rs 14,999.52 crore in FY25 over FY24. Trading volume for FY25 stood at 82.75 billion units (BUs), up from 74.84 BUs in FY24. Consulting services contributed Rs 50.35 crore to revenue during the year, while the companys core trading margin was maintained at 3.37 paise per unit. Manoj Kumar Jhawar, chairman & MD, PTC India, said, "During the last quarter of FY 24-25, our trading income grew by 14% to Rs 60.20 crore over the corresponding quarter of the last quarter of FY 2023-24. Short-term volumes have contributed 66% of the total volume for the quarter, but an improved margin has helped in better realization of trading income. On our investment management efforts, the divestment of PEL to ONGC Green Limited was completed during the quarter; this has contributed Rs 457.39 crore to the PAT for FY 2024-25. The volume growth of 11% of the FY 2024-25 has been driven by the short-term trades segment without any decline in the trading margin." Meanwhile, the board has recommended a final dividend at the rate of 67%, i.e., Rs 6.70 per share for the financial year ended 31 March 2025. PTC India is principally engaged in trading power. PTC holds a Category I license from the Central Electricity Regulatory Commission (CERC), the highest category with permission to trade unlimited volumes. Shares of PTC India shed 0.08% to Rs 186.40 on the BSE.
Time of India
26-05-2025
- Business
- Time of India
PTC India net profit jumps 4-fold to Rs 372 cr in Q4
Power trading solutions provider PTC India on Monday posted over fourfold jump in its consolidated net profit to Rs 371.87 crore in the March quarter compared to a year ago mainly due to exceptional gain of Rs 305.96 crore. The company had a consolidated net profit of Rs 91.11 crore in the quarter ended on March 31, 2024, a regulatory filing showed. However, the total income of the company in the quarter dipped to Rs 3,030.51 crore from Rs 3,510.02 crore in the same period a year ago. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Dubai villas | search ads Get Deals Undo The company got an exceptional gain of Rs 305.96 crore in the quarter from divesting its entire equity in its wholly-owned subsidiary, PTC Energy Ltd (PEL) to ONGC Green. The company received a total sales consideration of Rs 1,175.75 crore (net of costs to sell) and consequently recorded a profit of Rs 305.96 crore, as "Exceptional Items", in the consolidated financial results for the quarter and year ended March 31, 2025. In 2024-25, the company posted a net profit of Rs 976.24 crore as against Rs 533.16 crore in the previous financial year. Live Events Total income in the fiscal also dipped to Rs 16,277.22 crore from Rs 16,805.36 crore in the year ago. The board has recommended a final dividend at the rate of 67 per cent i.e. Rs 6.70 per share for the financial year ended 31st March 2025. According to a company statement, the trading volume for the FY 2024-25 is 82.75 BUs (billion units) vis a vis 74.84 BUs in FY 2023-24. The contribution of consulting income is Rs 50.35 crore for FY 2024-25. The core trading margin stood at 3.37 paise per unit. Manoj Kumar Jhawar, Chairman & Managing Director, PTC India, in the statement, said, "During the last quarter of FY 24-25, our trading income grew by 14 per cent to Rs 60.20 crore over the corresponding quarter of last quarter of FY 2023-24. Short-term volumes have contributed 66 per cent of the total volume for the quarter but an improved margin has helped in better realization of trading income." On our investment management efforts, the divestment of PEL to ONGC Green Ltd was completed during the quarter, and this has contributed Rs 457.39 crores to the PAT for the FY 2024-25, he added. The volume growth of 11 per cent of the FY 2024-25 has been driven by the short-term trades segment without any decline in the trading margin, he noted. PTC India, a Government of India initiative, is the pioneer in starting a power market in India. The company has maintained its leadership position in power trading since inception. PTC has also been mandated by the Government of India to trade electricity with Bhutan, Nepal and Bangladesh.
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Business Standard
26-04-2025
- Business
- Business Standard
PTC India appoints Manoj Kumar Jhawar as Chairman, Managing Director
Power trading solutions provider PTC India on Saturday announced appointment of Manoj Kumar Jhawar as Chairman & Managing Director of the company. Manoj Kumar Jhawar joined PTC Board as Whole time Director designated as Director (Commercial & Operations) on January 18, 2024, a regulatory filing said. He was given additional responsibilities of the post of CMD (PTC) from 13th June, 2024, till further orders. The Board of Directors of PTC India at its meeting held on Saturday i.e. 26th April, 2025 considered and approved appointment of Manoj Kumar Jhawar as Chairman & Managing Director of the company with effect from date of his joining subject to the Articles of Association of the Company, the filing stated. The term of his appointment shall be till the date of attaining the age of superannuation i.e. 60 years. Jhawar, 56, is Ph.D (Management Sciences) from Devi Ahilya University, Indore. He graduated in Mechanical Engineering from Government Engineering College, Ujjain and did his Masters in Industrial Engineering & Management from Devi Ahilya University, Indore. He is a qualified Cost Accountant from ICAI. The PTC India board also approved payment of interim dividend at the rate of 50 per cent (Rs. 5/- per equity shares of Rs. 10/- each) for financial year 2024-2025. The board has fixed May 5, 2025, as the "Record Date" for the purpose of ascertaining the name of members entitled to receive the Interim Dividend.
Business Upturn
26-04-2025
- Business
- Business Upturn
PTC India board approves interim dividend of Rs 5 per share for FY25
PTC India Limited, a leading player in India's power trading sector, announced that its Board of Directors has approved the payment of an interim dividend for the financial year 2024-25. The dividend has been set at 50%, translating to ₹5 per equity share with a face value of ₹10 each. The record date to determine eligible shareholders for receiving the interim dividend has been fixed as Monday, May 5, 2025. Shareholders whose names appear in the company's register or as beneficial owners in the records of depositories as of the record date will be entitled to receive the dividend. The decision was taken at the company's Board meeting held on April 26, 2025, which commenced at 10:30 a.m. and concluded at 12:15 p.m. In addition to the dividend announcement, the Board also approved the appointment of Dr. Manoj Kumar Jhawar as the new Chairman and Managing Director (CMD) of PTC India Limited, subject to the Articles of Association of the Company. PTC India Limited (formerly Power Trading Corporation of India Limited) is a prominent name in the Indian power trading sector and is listed on major stock exchanges. The company's corporate office is located at NBCC Tower, Bhikaji Cama Place, New Delhi. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
26-04-2025
- Business
- Business Standard
Board of PTC India appoints Dr. Manoj Kumar Jhawar as CMD
At meeting held on 26 April 2025The Board of PTC India at its meeting held on 26 April 2025 has appointed Dr. Manoj Kumar Jhawar (DIN: 07306454) existing Whole Time Director as Chairman & Managing Director of the Company w.e.f. date of his joining subject to the Articles of Association of the Company. The term of his appointment shall be till the date of attaining the age of superannuation i.e. 60 years. Powered by Capital Market - Live News
