PTC India
Other · 1 quarter tracked · source-linked performance and management context.
Latest revenue
₹3,405 Cr
verified financial record
Quarters tracked
1
source records in the directory
Delivery assessment
Unscored
No scored management commitments are present yet.
Call date
2026-02-10
latest available source date
Signal trajectory
1 actual quarterCurrent read
Unscored
No scored management commitments are present yet.
Latest source read
What changed this quarter?
PTC India reported a mixed Q3 FY26. Standalone PAT fell 25% YoY to ₹83 crore due to lower rebate and surcharge income, as improved discom liquidity reduced these earnings. However, trading volumes grew 4% YoY to 20 billion units, driven by exchange trades. The short-term trading margin improved to 0.87 paise/unit from 0.75 paise/unit last year. Management highlighted that rebate income is cyclical and may recover if power demand firms up. Key developments include the board's approval for three promoters to relinquish promoter status, leaving NTPC as sole promoter, which could unlock synergies. The company holds ₹3,292 crore cash, with ₹2,000 crore earmarked for trading working capital. Risks include regulatory delays in market coupling and potential margin compression if discom liquidity normalizes.
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Signal
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Revenue
₹3,405 Cr
Source date
2026-02-10
Across the record
Quarter history.
History modules