PTC India , a leading provider of power trading solutions, has reported a robust financial performance for the second quarter of fiscal year 2026, with a 21% year-over-year increase in profit after tax (PAT) to ₹425.00 crores. The company has also outlined plans for energy trading expansion and renewable energy initiatives.

Financial Highlights

PTC India's financial results for Q2 FY2026 showcase strong growth:

The company's consolidated profit before tax from continuing operations increased by 36% to ₹298.06 crores in Q2 FY2026, compared to ₹218.90 crores in the same quarter last year.

Strategic Expansion and Green Initiatives

PTC India has set forth a series of strategic initiatives aimed at capitalizing on the evolving energy landscape:

1. Energy Trading Expansion: The company has guided for an expansion in energy trading, projecting a volume of 90 billion units for FY2025, representing a 6% year-over-year growth.

2. Renewable Energy Focus: PTC India aims to double its renewable trading volume by FY2028, underscoring its commitment to clean energy solutions.

3. Green Power Exchange Platform: The company is exploring the development of a green power exchange platform, which could potentially enhance the renewable energy trading market in India.

4. Strategic Partnerships: PTC India has entered into strategic partnerships for battery energy storage and cross-border power trade, positioning itself in emerging energy technologies and international energy commerce.

5. Digitalization and Risk Management: The company is focusing on digitalization and risk hedging as key growth drivers, aiming to enhance operational efficiency and mitigate market volatilities.

6. Merchant Market Participation: PTC India is increasing its participation in the merchant market, potentially opening up new revenue streams and market opportunities.

Joint Venture for Green Energy Projects

PTC India's Board of Directors has approved entering into a Joint Venture Agreement with NLC India Renewables Limited. The joint venture aims to:

• Develop up to 2000 MW of Green Energy Projects across India
• Focus on solar, wind, hydro, and battery storage systems
• Implement the projects in a phased manner

The proposed joint venture structure allocates 74% stake to NLC India Renewables Limited and 26% to PTC India Limited, subject to necessary approvals and conditions.

Management Commentary

Dr. Manoj Kumar Jhawar, Chairman & Managing Director of PTC India, commented on the results: "A healthy mix of volume from trades across different tenures has contributed to the growth of 9% in trading volume in Q2-FY26. The short-term has contributed 53% of the volume and balance has been contributed by medium- & long-term contracts."

He further added, "With the introduction of market-oriented initiatives by CERC, like VPPA, coupling of the exchange traded markets and power market regulations (first amendment), we expect increasing demand of new products and services from clients (generator and consumers). We expect to penetrate deeper into the opportunity space around identified growth areas and maintain our leadership position."

PTC India's financial performance, coupled with its strategic initiatives in renewable energy and energy trading expansion, positions the company for growth in the evolving power sector landscape. The focus on digitalization, risk management, and green energy projects demonstrates PTC India's commitment to adapting to market trends and regulatory changes while maintaining its leadership in the power trading domain.

PTC India Limited , a leading provider of power trading solutions in India, has reported a decline in net profit for the second quarter, despite growth in revenue and EBITDA.

Financial Highlights

PTC India's net profit for Q2 decreased by 11.8% year-on-year to ₹191.00 crore, down from ₹216.60 crore in the same period last year. However, the company saw an 11.7% increase in revenue from operations, which rose to ₹5,458.00 crore.

Key financial metrics for Q2 include:

Note: Financial figures in crore ₹

Operational Performance

Despite the decline in net profit, PTC India showed improvements in other areas. The company's EBITDA increased by 17.7% to ₹274.60 crore. Additionally, EBITDA margins improved to 5.00% from 4.70% in the previous year, driven by efficiency gains and a better contract mix.

Market Response

Ahead of the results announcement, PTC India's shares closed 0.21% lower at ₹165.25 on the National Stock Exchange (NSE).

Conclusion

While PTC India faced a challenging quarter with a decrease in net profit, the company demonstrated resilience through revenue growth and improved operational efficiency. The increase in EBITDA and margin improvement suggest that PTC India is focusing on optimizing its operations and enhancing its contract mix. As the power trading market in India continues to evolve, PTC India's ability to adapt and improve efficiency will be crucial for its future performance.