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.

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:

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:

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.