Power trading solutions provider PTC India on Wednesday posted about 87 per cent rise in consolidated net profit to Rs 181.11 crore in the December quarter due to lower expenses.
The company had posted a net profit of Rs 97.04 crore in the year-ago period, as per a BSE filing.
Total expenses declined to Rs 3,198.08 crore during the quarter from Rs 3,285.25 crore in the same period year ago.
Total income also dipped to Rs 3,425.26 crore during the quarter from Rs 3,435.96 in the same period a year ago.
According to a company statement, a robust energy demand and better scheduling in the contract led to healthy growth in trading volume to 19,245 MUs (million units) for the December quarter -- an increase of 29 per cent over the corresponding quarter -- and 12 per cent increase in volume to 63,748 MUs.
Trading volumes were up 29 per cent in the quarter under review to 19,245 MU compared from 14,932 MUs a year earlier.
Manoj Kumar Jhawar, Chairman & Managing Director, PTC India, said in the statement, "Growth has been witnessed across all segments of electricity trading in third quarter of FY25. The growth has been driven by short-term segments (bilateral & exchange) of electricity trading. The short-term constitutes 59 per cent of PTC's total trading volume for 9M indicating increased preference of market participants for the shorter end contracts including bilateral market."
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.Power trading solutions provider PTC India on Wednesday posted about 87 per cent rise in consolidated net profit to Rs 181.11 crore in the December quarter due to lower expenses.
The company had posted a net profit of Rs 97.04 crore in the year-ago period, as per a BSE filing.
Total expenses declined to Rs 3,198.08 crore during the quarter from Rs 3,285.25 crore in the same period year ago.
Total income also dipped to Rs 3,425.26 crore during the quarter from Rs 3,435.96 in the same period a year ago.
According to a company statement, a robust energy demand and better scheduling in the contract led to healthy growth in trading volume to 19,245 MUs (million units) for the December quarter -- an increase of 29 per cent over the corresponding quarter -- and 12 per cent increase in volume to 63,748 MUs.
Trading volumes were up 29 per cent in the quarter under review to 19,245 MU compared from 14,932 MUs a year earlier.
Manoj Kumar Jhawar, Chairman & Managing Director, PTC India, said in the statement, "Growth has been witnessed across all segments of electricity trading in third quarter of FY25. The growth has been driven by short-term segments (bilateral & exchange) of electricity trading. The short-term constitutes 59 per cent of PTC's total trading volume for 9M indicating increased preference of market participants for the shorter end contracts including bilateral market."
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.
