NHPC Limited has confirmed that it, along with persons acting in concert, has not created any encumbrance, directly or indirectly, on the shares of PTC India Limited during the financial year 2025-26. This disclosure is significant for shareholders as it confirms that the promoter has not pledged or utilized the shares as collateral, which could otherwise impact the company's stock stability. The information was submitted in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The filing was made by NHPC Limited in its capacity as the promoter of PTC India Limited. The disclosure addressed the shares holding the ISIN number INE877F01012. The communication was addressed to the Corporate Relationship Department of BSE Limited, the Listing Department of National Stock Exchange of India Limited, and the Audit Committee of PTC India Limited.

Key Disclosure Details

The following table summarizes the key details of the regulatory filing:

The disclosure was signed by Rupa Deb, Company Secretary of NHPC Limited, on April 7, 2026. The notification serves as a formal confirmation to the stock exchanges regarding the status of the shareholding during the specified financial year.

PTC India Limited reported a 12% increase in trading volume to 92.8 billion units for the financial year ended March 31, 2026, while profit after tax (PAT) stood at ₹397 crore. The company filed the transcript of its Investors & Analyst Meet held on May 22, 2026, with BSE Limited and the National Stock Exchange of India Limited. The submission was made in compliance with Regulation 30, 46, and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The standalone financial results for the year ended March 31, 2026, showed a PAT of ₹397 crore. The company noted that while the total operational income remained around ₹450 crore, the core trading margin increased. However, rebate income decreased from ₹121 crore to ₹97 crore due to timely payments by distribution companies. For the quarter, volume increased by 24% to 23.6 billion units, driving a 19% rise in operational income to ₹115 crore.

The consolidated results reflected a similar trend, with profit before tax increasing by 14% to ₹925.64 crore for the year. The company highlighted that the profit figures for the previous year included a one-time gain from the sale of PTC Energy Limited (PEL). Excluding this, the standalone PAT for the quarter increased by 18% to ₹75.74 crore.

*Note: The decrease in PAT is due to the exclusion of profit from the sale of PTC Energy Limited in the prior year.

Operational Highlights

PTC India's business mix shifted towards shorter-duration trades, with short-term transactions constituting 56% of the business. The company traded 68 lakh Renewable Energy Certificates (RECs) during the year. Additionally, the gross turnover including exchange transactions reached ₹36,672 crore for March 2026, compared to ₹34,400 crore in the previous year.

The company improved its working capital position, with net working capital decreasing to ₹848 crore. Gross debtor days reduced from 51 days to 44 days, and net working capital days improved from 19 days to 8 days. This improvement was aided by a recovery of approximately ₹1,000 crore from Jammu & Kashmir.

Strategic Outlook

Management indicated that the power market is expected to grow at 5% annually, driven by increasing demand and renewable energy penetration. The company is focusing on medium-term and short-term contracts as market reluctance towards long-term agreements persists. PTC India is also exploring new initiatives including Battery Energy Storage Systems (BESS), green hydrogen, and data centers.

Regarding the divestment of PTC Financial Services (PFS), the company confirmed that the board has removed the pause on the process and will engage to determine the best manner for divestment in the interest of shareholders. The net cash balance as of March 31, 2026, was approximately ₹2,800 crore.