PTC India Limited said it recorded six per cent volume growth in the latest quarter
Kolkata/IBNS: PTC India Limited, a leading provider of power trading solutions in India, is banking on its diversified portfolio to enhance its position in the coming quarters, said the company’s Chairman & Managing Director Deepak Amitabh.
The company recently declared its financial results for the quarter ended Mar 31, 2020.
“The challenged broader economic indicators have led to subdued power demand with a growth of mere 1.3% in FY 2019-20,” said Deepak Amitabh.
He said, “In this backdrop, PTC India has successfully managed a volume growth of 6% during the year basis a smart revival in Q4-20. During the current year, the structural initiatives taken by the Government 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.”
Reporting its standalone Q4FY20 results in comparison to the same period in the previous year, the company said its volume has increased by 13% to 12,002 MUs from 10,631 MUs.
Total Operating Margin increased by 11% to Rs 118.79 crore from Rs 107.27 crore.
Total Operational Income increased by 10% to Rs 124.81 crore from Rs 113.96 crore.
EBITDA (excluding Ind-AS contra interest expenses and income) increased by 10% to Rs 103.48 crores from Rs 93.95 crore.
Net profit up by 19% to Rs 64.17 crore from Rs 53.86 crore.
Reporting its standalone FY20 results compared to the previous fiscal year, the company said volumes have increased by 6 % to 66,332 MUs from 62,491 MUs.
Total Operating Margin increased by 9% to Rs 517.80 crore from Rs 476 crore.
Total Operational Income increased by 10% to Rs 542.37 crores from Rs 491.20 crore.
EBITDA (excluding Ind-AS contra interest expenses and income) increased by 13% to Rs 480.34 crores from Rs 425.58 crore.
Net profit up by 22% to Rs 320.11 crores from Rs 262.32 crore.
The company said that the entire capacity of 1,050 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.
The company also said that it 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 said it is advising DMRC, Indian Railways to trade through exchange and scheduling of power under LTOA and STOA.
In the distribution related advisory business, PTC said it is serving AKVN (SEZ, Madhya Pradesh Government), Paradip Port Trust, Deen Dayal Upadhyay (Kandla) Port Trust, Mumbai Port Trust and JNPT with an estimated annual revenue of Rs 12 crore.
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