PTC India Limited. The leading provider of power trading solutions in India, today announced its standalone financial results for the quarter ended Mar 31, 2022 and for the financial year FY 2021-22.
Financial performance
Summary of Financial and Operational Performance for Q4 – FY22 & FY 2021-22
PTC traded all-time high volumes of 87,515 million units for the FY 2021-22 (an increase of 9% over the corresponding year) which is a new milestone set by the company.
Profit After Tax (PAT) at 424.81 INR Crores for FY 2021-22 and 155.89 INR Crores for the 4th Quarter FY 22(Jan -Mar) on a standalone basis.
Earnings per share (EPS) at 14.35 INR per share for FY 2021-22 on a standalone basis
Total Revenue from Operations at INR 15631.39 Crores for the FY 2021-22 and INR 2831.12 Crores for the 4th quarter (Jan – Mar) on a standalone basis.
Q4-FY22 vs Q4-FY21 (Standalone)
• Volume has increased by 6 % to 17,329 MUs from 16,279 MUs.
• Total Operating Margin has been INR 267.57 Crore, an increase of 38% from corresponding quarter in FY-21.
• Consulting Income for the quarter 4, FY 22 has grown by 24% to INR 11.25 Crores vis a vis INR 9.05 Crores in the corresponding quarter of FY-21.
Management comments:
Commenting on the results, Dr. Rajib K Mishra, CMD In-charge & Director (M&BD), PTC India Ltd., said
“The company has exceeded the benchmark of all-time high traded volumes set last year. PTC has traded over 87 Billion Units for the financial year 2021-22. While the seasonality in a particular quarter is a function of supply-demand dynamics resulting in a 6% growth in quarter 4 volumes.
Power demand continues to rise as economic activities have resumed fully post covid led disruptions. The growth has been primarily driven by short term trades and the exchange traded segments. As always, PTC continues to trade in every segment of the market. The availability of coal, sustainable power from renewable sources and weather driven electricity demand patterns are new challenges of the sector which also present opportunities for bespoke solutions., The company is developing its technology solutions and service offering for the evolving market.
Our consultancy business continues to make deeper inroads with a 24% increase in consultancy income and winning orders in newer and complex segments. The Business Development team of PTC has also taken initiatives in emerging business opportunities of Battery Energy Storage System (BESS) and Green Hydrogen
PTC is committed to make continual investments in its people and processes to build capabilities and create solutions for a market in transformation. We are confident that all our initiatives will drive our growth going forward. “
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