PTC India Ltd's Q3FY25 Quarterly Results

Result Summary

• PTC India Ltd reported a 33.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 1.7%.
• Its expenses for the quarter were down by 34.9% QoQ and 4.6% YoY.
• The net profit decreased 22.5% QoQ and increased 86.6% YoY.
• The earnings per share (EPS) of PTC India Ltd stood at 5.3 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

PTC India Ltd, a leading player in the energy sector, primarily deals with power trading solutions, cross-border power trading, and consultancy services. The company is known for facilitating the bulk purchase and sale of electricity and has been instrumental in fostering the power market in India. As a crucial intermediary, PTC India Ltd collaborates with power generators, state electricity boards, and utilities. Recent developments have seen the company expanding its footprint in renewable energy, aligning with global trends towards sustainable energy solutions. Additionally, PTC India Ltd has been proactive in exploring opportunities within the South Asian regional power market, aiming to enhance cross-border electricity trade.

Revenue

For the third quarter of fiscal year 2025 (Q3FY25), PTC India Ltd reported a total income of ₹3425.26 crores. This represents a decrease of 33.3% compared to the previous quarter (Q2FY25), where total income was ₹5133.63 crores. When compared year-over-year, the total income showed a slight decline of 1.7% from ₹3483.93 crores in Q3FY24. The decline in revenue on a quarter-over-quarter basis indicates a significant reduction in income generation during this period. Despite the decrease in quarterly revenue, the year-over-year change suggests a relatively stable revenue performance when compared to the same period in the previous fiscal year.

Profitability

PTC India Ltd's profit before tax (PBT) for Q3FY25 stood at ₹227.18 crores, showing an increase of 3.9% compared to ₹218.66 crores in Q2FY25. On a year-over-year basis, there was a substantial increase of 73.6% from the Q3FY24 figure of ₹130.84 crores. The tax expense for Q3FY25 was ₹51.04 crores, which is a decrease of 9.1% from the previous quarter but an increase of 50.9% compared to the same quarter last year. The profit after tax (PAT) for Q3FY25 was ₹181.11 crores, marking a decline of 22.5% from the prior quarter's ₹233.82 crores but an increase of 86.6% from the ₹97.04 crores reported in Q3FY24. The earnings per share (EPS) also reflected these changes, standing at ₹5.30 in Q3FY25, a decrease from ₹7.30 in Q2FY25, but nearly doubling from ₹2.70 in Q3FY24. The year-over-year improvements in PBT and PAT highlight a stronger profitability performance compared to the previous fiscal year.

Operating Metrics

In the third quarter of FY25, PTC India Ltd achieved a notable reduction in total expenses, which amounted to ₹3198.08 crores, down 34.9% from ₹4914.97 crores in Q2FY25. Compared to the prior year's same quarter, total expenses decreased by 4.6% from ₹3353.09 crores. This reduction in expenses contributed to the improved profitability despite the reduction in total income. The company's operational efficiency is further reflected in the year-over-year improvements in profitability metrics. The financial ratios such as the P/E ratio, debt-to-equity ratio, and current ratio are not specified in the provided data; therefore, a detailed analysis of these metrics cannot be conducted. However, the significant reduction in expenses and the corresponding impact on profitability are key highlights of the company's operating performance for the quarter.