PTC India Limited, the leading provider of power trading solutions in India, today announced its financial results for the quarter ended Sep 30, 2021.
Commenting on the results, Dr. Rajib K Mishra, Director (M&BD) & CMD Incharge, PTC India Ltd., said“Overall, this quarter has been a mixed bag in terms of volume and margins. While volume grew by 6% for the quarter, the company traded over 50 Billion Units for the half year ending Sep -2021. The growth has been driven by short term trades and the exchange traded segment.
Hindustan Power Exchange Ltd, next generation power exchange (formerly known as Pranurja Solution Limited) has been granted license by Regulatory commission to operate as electricity exchange. The testing of trading platform has started and exchange is expected to get operational in this financial year.
During the quarter, long term including cross border volumes faced some scheduling issues resulting in less than expected growth in traded volumes. The same is also evident in the financial numbers. Our consultancy business continues to make deeper inroads and strengthen its presence in B2B solutions for customers like SEZs, Port Trusts, and other entities.
PTC is committed to make continual investments in its people and processesto build capabilities and drive solutions. We are confident that these will drive our growth going forward.”