Net profit (Standalone) is up by 19% to ₹ 64.17 Crores from ₹ 53.86 Crores for Q4- FY20
Total Operating Margin increased by 11% to ₹118.79 Crores from ₹107.27 Crores for Q4- FY20
Trading Volume increased by 13% to 12,002 MUs from 10,631 MUs for Q4- FY20
Declares Final Dividend of 55% for FY – 20
New Delhi: PTC India Limited, the leading provider of power trading solutions in India, today announced its financial results for the quarter ended Mar 31, 2020.
Management comment
Commenting on the results, Mr. Deepak Amitabh, Chairman & Managing Director, PTC India Ltd., said
“The Challenged broader economic indicators have led to subdued power demand with a growth of mere 1.3% in FY 2019-20. In this backdrop, PTC India has successfully managed a volume growth of 6% during the year basis a smart revival in Q4-20.
Going forward, during the current year the structural initiatives taken by Govt. of India, in the wake of COVID -19, would revitalize industries leading to a positive impact on broader economic indicators and power demand going forward.
We, at PTC, are confident of maintaining our leadership position based on our diversified business portfolio in the coming quarters.”
Financial performance
Q4FY20 vs Q4FY19 (Standalone)
- Volumes has increased by 13% to 12,002 MUs from 10,631 MUs.
- Total Operating Margin increased by 11% to ₹ 118.79 crore from ₹ 107.27 Crore.
- Total Operational Income increased by 10% to ₹ 124.81 Crores from ₹ 113.96 Crores.
- EBITDA (excluding Ind-AS contra interest expenses and income) is increased by 10% to ₹ 103.48 crores from ₹ 93.95 crore
- Net profit is up by 19% to ₹ 64.17 Crores from ₹ 53.86 Crores
FY20 vs FY19 (Standalone)
- Volumes have increased by 6 % to 66,332 MUs from 62,491 MUs.
- Total Operating Margin increased by 9% to ₹ 517.80 crore from ₹ 476 Crore.
- Total Operational Income increased by 10% to ₹ 542.37 Crores from ₹ 491.20 Crores.
- EBITDA (excluding Ind-AS contra interest expenses and income) increased by 13% to ₹ 480.34 crores from ₹ 425.58 crore
- Net profit is up by 22% to ₹ 320.11 Crores from ₹ 262.32 Crores
Operational developments during the Year
- Entire Capacity of 1050 MW long term trading from wind power projects was made operational.
- With operationalization of 550 MW of RKM Power, entire capacity under Pilot –I of 1900 MW has been operationalised. Further, PTC has won the aggregator bid for Pilot – II of 2500 MW (MoP flagship scheme for resolution of stressed thermal asset).
- Broadening its service portfolio, PTC is advising DMRC, Indian Railways to trade through exchange and scheduling of power under LTOA and STOA.
- In the distribution related advisory business, PTC is serving AKVN (MP Govt. SEZ), Paradip Port Trust, Deen Dayal Upadhyay (Kandla) Port Trust, Mumbai Port Trust and JNPT with an estimated annual revenue of 12 Crores.
About PTC India Limited
PTC India Ltd., a Government of India initiative, is the pioneer in starting a power market in India. The Company has maintained its leadership position in power trading since inception. PTC has also been mandated by the Government of India to trade electricity with Bhutan, Nepal and Bangladesh.
The trading activities undertaken by PTC include 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, which inevitably arise in various regions of the country.
The Company is credited with a number of products in the electricity trading market to meet the divergent needs of the customers. Driven by the vision to shape a vibrant power market, PTC has been providing value-focused services to its clients and build trust as a reliable partner. The electricity traded from cross border resources is a significant component of the total electricity traded by the Company.
PTC is a unique example of a successful public-private partnership with major PSUs of the Ministry of Power, Government of India as promoters and a widely held ownership interest. The diverse composition of its Board of Directors includes eminent people as independent directors.
