PTC India Ltd
NSE:PTC
PTC India Ltd
PTC India Ltd. is a holding company, which engages in the trading of electricity. The company is headquartered in New Delhi, Delhi and currently employs 102 full-time employees. The company went IPO on 2004-04-07. The Power segment includes trading and generation of power. The Investment segment includes investing in equity or extending debt to power projects in generation, transmission, distribution, fuel resources and fuel related infrastructure. The company offers business solutions for generators, utilities, cross border power trade solutions, PTC retail, consultancy / advisory solutions, energy efficiency, renewable energy and project financing. PTC offers a range of services to the utilities, including long and medium term sales, short term sales and power banking arrangements. The company offers PTC retail solutions to public sector undertakings (PSUs) and Central PSUs, Corporates, Industrial Clients, Commercial Clients, and independent power producers (IPPs) and captive power produces (CPPs). The Company’s subsidiaries include PTC India Financial Services Limited (PFS) and PTC Energy Limited (PEL).
PTC India Ltd. is a holding company, which engages in the trading of electricity. The company is headquartered in New Delhi, Delhi and currently employs 102 full-time employees. The company went IPO on 2004-04-07. The Power segment includes trading and generation of power. The Investment segment includes investing in equity or extending debt to power projects in generation, transmission, distribution, fuel resources and fuel related infrastructure. The company offers business solutions for generators, utilities, cross border power trade solutions, PTC retail, consultancy / advisory solutions, energy efficiency, renewable energy and project financing. PTC offers a range of services to the utilities, including long and medium term sales, short term sales and power banking arrangements. The company offers PTC retail solutions to public sector undertakings (PSUs) and Central PSUs, Corporates, Industrial Clients, Commercial Clients, and independent power producers (IPPs) and captive power produces (CPPs). The Company’s subsidiaries include PTC India Financial Services Limited (PFS) and PTC Energy Limited (PEL).
Volume Growth: Trading volume rose 9% YoY to 26.2 billion units for Q2, and 11% YoY to 49.2 billion units for H1.
Profit Increase: Q2 profit after tax grew 15% YoY to INR 134 crores; consolidated Q2 PAT from continuing operations up 36% YoY.
Cash Utilization: Management plans to use INR 1,000 crores for working capital and invest INR 1,500–2,000 crores in business ventures, especially renewables, rather than distributing large dividends.
Renewable Push: Executed a 100 MW solar PPA, with plant operational by FY27, and floated EOI for 500 MW solar plus storage projects.
PFS Divestment: Board is still considering the timing for PTC India Financial Services divestment; no timeline given, with value realization prioritized.
HPX Exchange: Management confident in technology and expects gradual market share gains; Q2 HPX profit before tax was INR 1.26 crores.
Receivables Under Control: Net working capital utilization at INR 815 crores; exposure to receivables over 6 months considered negligible after provisions.
