Q1 2026 PTC India Ltd Earnings Call Transcript
Key Points
- PTC India Ltd (BOM:532524) achieved a 13% increase in trading volume to 23 billion units despite a national energy demand dip of 1.2%.
- The company maintained a trading margin of INR 3.37 per unit, contributing to an 8% increase in trading income.
- PTC India Ltd is actively working on renewable energy projects, with a promising response to their 500 megawatts renewable energy capacity initiative.
- Cross-border operations remain stable, with consistent energy flows and payments from Bangladesh, Bhutan, and Nepal.
- The company expects power demand to grow steadily at 6% to 8% per annum, supported by favorable monsoon conditions and regulatory reforms.
- Total operational income decreased by 13% to INR 111 crores from INR 127 crores.
- Profit before tax slightly declined to INR 141 crores from INR 144 crores, and profit after tax decreased to INR 105 crores from INR 106 crores.
- Earnings per share for the quarter decreased to INR 3.54 from INR 3.59 in the previous corresponding quarter.
- The company faces uncertainty regarding the disinvestment of its subsidiary, PTC Financial Services, with no clear timeline provided.
- Surcharge income has been reclassified as other income, following regulatory directives, but this has no financial implications.
Good afternoon, ladies and gentlemen, and welcome to the earnings conference call for Q1 FY26 for PTC India Limited. PTC India was incorporated in 1999 to undertake trading of power to achieve economic efficiency and security of supply and to develop a vibrant power market in the country. PTC is a pioneer in starting a power market in India and undertakes trading activities that includes long-term trading of power generated from large power projects as well as short-term trading arising as a result of supply and demand mismatches. In addition to the trading business, PTC has incubated technocommercial consulting business to develop power market for the C&I consumers, SECs, port trust, et cetera.
Let us now begin with the introduction of the management team. We have with us today Dr. Manoj Kumar Jhawar, Chairman and Managing Director; Mr. Rajiv Malhotra, Executive Director and Chief Risk Officer; Mr. Pankaj Goel, Executive Director and CFO; Mr. Bikram Singh, Executive Director, Marketing; Mr. H.L. Choudhary, EVP, Commercial and Operations; and Shri Anand Kumar, VP, Investor Relations. (Operator
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