PTC India Limited, the leading provider of power trading solutions in India, today announced its financial results for the quarter ended Jun 30, 2021.
Commenting on the results, Mr. Deepak Amitabh, Chairman & Managing Director, PTC India Ltd, said“The beginning of the quarter coincided with the onset of the second wave of Covid 19. In the backdrop of the pandemic’s impact, the Company ended the quarter with a strong performance. In this quarter’s business performance, PTC clocked a 21% in volume, on the back of growth in short term trades and the exchange traded segment. During the quarter, we also witnessed a gradual shift in the generation pattern of Hydro Electric Plants (HEPs) of Bhutan and Sikkim, after a prolonged winter impacted volumes from HEPs in J&K and Himachal Pradesh.PTC has continued to make significant progress in rendering innovative solutions to various market participants and consolidating its position with them. The consulting business continues to make deeper inroads to strengthen its presence in B2B solutions for customer entities like SEZs, Port Trusts, and other areas.
PTC is committed to make continual investments in its people and processes to build capabilities and drive solutions. We are confident that these will drive our growth going forward.”
Financial performance Q4-FY22 vs Q4-FY21 (Standalone)
- Volumes have increased by 21 % to 22,911 MU from 18,918 MUs.
- Total operating Margin has increased by 14% to ₹ 126.29 Crore from ₹ 110.59 Crore.
- PAT has increased to ₹ 76.87 Crores vis a vis ₹ 67.67 Crores in corresponding quarter of FY-21