PTC India Q1 PAT Soars 33% to Rs 1.89 billion
ECONOMY & POLICY

PTC India Q1 PAT Soars 33% to Rs 1.89 billion

Power trading solutions provider PTC India reported a 33 per cent increase in its consolidated net profit to Rs 1.89 billion for the June quarter, attributing the rise to reduced expenses. According to a company statement, the Consolidated Profit After Tax (PAT) for Q1-FY25 was Rs 1.89 billion, up from Rs 1.43 billion in Q1 FY24.

The total expenses decreased to Rs 44.86 billion for the quarter, down from Rs 46.03 billion the previous year.

Earnings per share (EPS) rose to Rs 5.87 in Q1 FY25, compared to Rs 4.39 in Q1 FY24.

The trading volume was 20.5 billion units (BUs) in Q1-FY25, slightly down from 20.6 BUs in Q1 FY24.

Consulting income for Q1 FY25 amounted to Rs 110 million, with the core margin at 3.50 paisa per unit.

Manoj Kumar Jhawar, Chairman and Managing Director (Addl Charge) and Director (Commercial & Operation) of PTC India, noted that unusual changes in demand patterns, partly due to extreme weather conditions during the quarter, resulted in high electricity demand and mismatches. He remarked that the flat trading volume achieved in this context reflects the balanced portfolio composition of the company.

Power trading solutions provider PTC India reported a 33 per cent increase in its consolidated net profit to Rs 1.89 billion for the June quarter, attributing the rise to reduced expenses. According to a company statement, the Consolidated Profit After Tax (PAT) for Q1-FY25 was Rs 1.89 billion, up from Rs 1.43 billion in Q1 FY24. The total expenses decreased to Rs 44.86 billion for the quarter, down from Rs 46.03 billion the previous year. Earnings per share (EPS) rose to Rs 5.87 in Q1 FY25, compared to Rs 4.39 in Q1 FY24. The trading volume was 20.5 billion units (BUs) in Q1-FY25, slightly down from 20.6 BUs in Q1 FY24. Consulting income for Q1 FY25 amounted to Rs 110 million, with the core margin at 3.50 paisa per unit. Manoj Kumar Jhawar, Chairman and Managing Director (Addl Charge) and Director (Commercial & Operation) of PTC India, noted that unusual changes in demand patterns, partly due to extreme weather conditions during the quarter, resulted in high electricity demand and mismatches. He remarked that the flat trading volume achieved in this context reflects the balanced portfolio composition of the company.

Next Story
Infrastructure Urban

Sambhajinagar to Make 980 Villages Tanker-Free

The district administration of Chhatrapati Sambhajinagar has unveiled a major initiative to make 968 villages and 12 wadis entirely tanker-free under the Jal Samruddha Gaon Abhiyan.The campaign seeks to establish long-term, sustainable solutions to the district’s worsening water crisis, currently being managed through 263 water tankers. The scarcity has been caused by poor monsoon rainfall and declining groundwater levels across the region.As part of the first phase, officials will conduct a detailed survey of the affected villages and examine over 191 wells to assess the potential for refil..

Next Story
Infrastructure Urban

Srinagar to Anchor Inland Waterways Push in J&K

Srinagar has emerged as the central hub for a major initiative aimed at developing inland water transport (IWT) infrastructure across Jammu and Kashmir.The Inland Waterways Authority of India (IWAI), under the Ministry of Ports, Shipping and Waterways, has inaugurated a regional office at Transport Bhawan in Srinagar. The office will act as the nodal centre for planning and executing IWT projects throughout the Union Territory.The establishment of this office reflects the Union Government’s growing commitment to utilising the region’s river systems for sustainable and low-emission transpor..

Next Story
Infrastructure Transport

Gurugram Metro Phase 1 Clears Land Hurdle

Gurugram’s urban transport network is set for a major overhaul as Gurugram Metro Rail Limited (GMRL) moves forward with Phase 1 of its metro expansion. The project, valued at Rs 12.86 billion, will include a 15.2-kilometre elevated corridor with 14 stations, connecting Millennium City Centre to Sector 9, with an additional spur to Sector 101 on the Dwarka Expressway.In a key development, GMRL has received approval from the Haryana Shehri Vikas Pradhikaran (HSVP) to utilise over 5,800 square metres of land for the construction of 10 stations. These land parcels will accommodate vital infrastr..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?