Home Nepal stock PTC India: Press Release July 6, 2022

PTC India: Press Release July 6, 2022

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PRESS RELEASE

New Delhi, 6e July 2022: PTC India Limited. India’s leading power exchange solutions provider today announced its standalone financial results for the quarter ended March 31, 2022 and for the fiscal year 2021-22.

Financial performance

Summary of financial and operating performance for the fourth quarter – 22 and 2021-22

PTC traded record volumes of 87,515 million units for fiscal 2021-22 (a 9% increase over the corresponding year), which is a new milestone for the company.

Profit After Tax (PAT) at INR 424.81 crore for FY2021-22 and at INR 155.89 crore for Q4 FY22 (Jan-Mar) on a stand-alone basis.

Earnings per share (EPS) at INR 14.35 per share for FY 2021-22 on a stand-alone basis

Total operating revenue at INR 15,631.39 crore for FY 2021-22 and at INR 2,831.12 crore for Q4 (Jan-March) on an individual basis.

Q4-FY22 vs. Q4-FY21 (standalone)

  • Volume increased by 6% to 17,329 UM against 16,279 UM.
  • Total operating margin was INR 267.57 crore, an increase of 38% over the corresponding quarter of FY21.
  • Consulting income for the fourth quarter, FY22 increased by 24% to INR 11.25 crore from INR 9.05 crore in the corresponding quarter of FY21.

Management Comments:

Commenting on the findings, Dr. Rajib K Mishra, CMD In-charge & Director (M&BD), PTC India Ltd., said

“The company surpassed the all-time highest traded volume benchmark set last year. PTC traded over 87 billion units for fiscal 2021-22. While the seasonality of a particular quarter is a function of the dynamics of supply and demand, resulting in a 6% growth in volumes for the 4th quarter.

Electricity demand continues to rise as economic activities have fully resumed following the disruption caused by covid. Growth was mainly driven by short-term trading and exchange-traded segments. As always, PTC continues to operate in all market segments. The availability of coal, sustainable energy from renewable sources and weather-dependent electricity demand patterns are new industry challenges that also present opportunities for tailored solutions., The company is developing its solutions technology and its service offering for the evolving market.

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Our consulting business continues to grow with a 24% increase in consulting revenue and orders won in newer and more complex segments. PTC’s business development team has also taken the lead in emerging Battery Energy Storage System (BESS) and green hydrogen business opportunities.

PTC is committed to continuously investing in its people and processes to develop its capabilities and create solutions for a changing market. We are confident that all of our initiatives will drive our growth in the future. ”

About PTC India Limited

PTC India Ltd., an Indian government initiative, is the pioneer in starting an electricity market in India. The Company has maintained its leading position in electricity trading since its inception. PTC has also been commissioned by the Indian government to trade electricity with Bhutan, Nepal and Bangladesh.

Trading activities undertaken by PTC include long-term trading of electricity produced from large energy projects, including renewables, as well as short-term trading resulting from supply and demand mismatches, which inevitably occur in various parts of the country.

The Company is credited with a number of products in the electricity trading market to meet the divergent needs of customers. Driven by the vision of shaping a dynamic electricity market, PTC provides value-added services to its customers and builds trust as a reliable partner. 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 the major UAPs of the Ministry of Energy, Government of India as promoters and a widely held stake. The diverse composition of its Board of Directors includes prominent figures as independent directors.

For more information, contact:

Nihar Mehta

Sushant Chaturvedi

S-Ancial Technologies Pvt. ltd

PTC India Ltd

(Investor Relations)

Head – IR and Public Outreach

[email protected]

[email protected]

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