PTC India FY26 PAT Falls 16% to ₹717 Cr
PTC India reported a 16% decline in FY26 consolidated net profit to ₹717.44 crore, attributed to the absence of one-time income from subsidiary divestment. Q4 revenue increased to ₹38,975 crore, while the Board recommended a final dividend of ₹5.50 per share.

*this image is generated using AI for illustrative purposes only.
PTC India Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026. The company reported a consolidated net profit of ₹717.44 crore for the full year, a decrease from ₹853.73 crore in the previous year. The decline is attributed to the absence of one-time income from the divestment of subsidiary PEL, which had contributed ₹241.72 crore in FY25. On a standalone basis, the net profit was ₹397.04 crore, down from ₹854.78 crore in the previous year. Revenue from operations for the year stood at ₹16,25,622 lakh, up from ₹15,04,987 lakh in FY25.
Q4 Performance Metrics
For the quarter ended March 31, 2026, PTC India reported consolidated net profit of ₹121.27 crore, compared to ₹371.87 crore in the same period of the previous year. Consolidated revenue for Q4 came in at ₹389.75 billion, up from ₹292.40 billion year-on-year. Consolidated EBITDA stood at ₹163.81 crore versus ₹160.85 crore in Q4 of the prior year. On a standalone basis, the net profit for Q4 was ₹75.74 crore, down from ₹521.38 crore in the same period of the previous year, while total operational income grew by 19% to ₹115.83 crore compared to ₹97.11 crore in Q4 FY25.
The following table summarizes the key Q4 consolidated and standalone metrics:
| Metric: | Q4 FY26 | Q4 FY25 | Change (YoY) |
|---|---|---|---|
| Consolidated Net Profit (₹ Cr): | 121.27 | 371.87 | Decline |
| Consolidated Revenue (₹ Cr): | 38,975 | 29,240 | Increase |
| Consolidated EBITDA (₹ Cr): | 163.81 | 160.85 | Increase |
| Standalone Net Profit (₹ Cr): | 75.74 | 521.38 | Decline |
| Standalone Operational Income (₹ Cr): | 115.83 | 97.11 | +19% |
| Trading Volume (MU): | 23,572 | 19,004 | +24% |
| Total Operating Margin (₹ Cr): | 104.02 | — | +29% |
Operational Highlights
Trading volume for the full year grew by 12% to 92,802 MUs. The total operating margin stood at ₹408 crore, an increase of 2% from the previous year. Core trading margin was recorded at 3.35 paisa per unit. The volume mix for the year included 34,834 MUs from Long-Term and Medium-Term (LT & MT) contracts, while exchange-traded volumes accounted for 52,224 MUs. Consulting income stood at ₹44.57 crore for the year.
Annual Financial Highlights
The following table summarizes the key financial figures for the standalone entity:
| Particulars: | Year Ended 31.03.2026 (₹ in Lakhs) | Year Ended 31.03.2025 (₹ in Lakhs) |
|---|---|---|
| Total Revenue from Operations: | 16,25,622 | 15,04,987 |
| Total Income: | 16,61,982 | 15,64,452 |
| Total Expenses: | 16,08,300 | 15,10,982 |
| Net Profit for the Period: | 39,704 | 85,478 |
| Earnings Per Share (Basic): | 13.41 | 28.88 |
Dividend Declaration
The Board of Directors has recommended a final dividend of 55%, or ₹5.50 per equity share, for the financial year ended March 31, 2026. The total dividend for the year is ₹8.50 per share, including an interim dividend of ₹3 per share paid in March 2026. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting.
Historical Stock Returns for PTC India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.22% | -2.78% | +6.26% | +19.71% | +5.06% | +106.44% |
With PTC India's core trading margin at 3.35 paisa per unit, how might increasing competition from private power exchanges and renewable energy traders pressure margins in FY27?
Given that exchange-traded volumes (52,224 MUs) significantly outpaced long-term and medium-term contract volumes (34,834 MUs), could PTC India's revenue become more volatile if short-term power market prices fluctuate sharply?
Following the divestment of subsidiary PEL, what new strategic acquisitions or business verticals is PTC India likely to pursue to replace the one-time income contribution and sustain profit growth?


































