PTC India Ltd (NSE:PTC)

Q3 2026 PTC India Ltd Earnings Call Transcript

Feb 16, 2026 / 10:30 AM GMT

Release Date Price: ₹172.95 (-6.54%)

Transcript

Key Points

Positve

PTC India Ltd (BOM:532524) reported a 9% increase in trading volumes to 63.74 billion units, despite national energy demand growing by less than 1%.
The company's trading income increased by 9% to 234.29 crores, driven by improved volume and margin realization.
Cross-border operations with neighboring countries like Bhutan, Nepal, and Bangladesh remain stable, with regular payment flows.
The company is exploring new business opportunities through MOUs with entities like NLC India and SECI, indicating potential future growth.
PTC India Ltd (BOM:532524) maintains a strong cash position, with 3,292 crore on the balance sheet, providing flexibility for future investments.

Negative

Total operational income decreased by 14% to 89 crore, primarily due to a decrease in net rebate income.
Profit before tax decreased by 25% to 111 crore, and profit after tax also decreased by 25% to 83 crore.
The company faces challenges with PTC Financial Services, which is unable to raise fresh funds and increase its AUM size.
There is uncertainty regarding the implementation timeline for market coupling, which could impact future growth prospects.
The company's earnings per share decreased to INR2.79 from INR3.74, reflecting a decline in profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PTCI.NS - PTC India Ltd
Q3 2026 PTC India Ltd Earnings Call
Feb 16, 2026 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good evening ladies and gentlemen, and welcome to the earnings conference call for Q3 and 9 months FY26 for PTC India Limited.

PTC India was incorporated in 1,999 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 techno commercial consulting business to develop our market for the C&I consumers, SECs, trusts, etc.

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