PTC India Declares a dividend of INR 7.80 per equity share

PTC India Limited, the leading provider of power trading solutions in India, announced its consolidated financial results for the Fourth Quarter and 12 Months ended on 31st March, 2024.

The company is proud to announce a significant milestone with a 10% increase in total volumes for Q4 FY 24 and reaching an impressive 18.02 Billion Units (BUs) compared to 16.39 BUs in Q4FY23. This growth underscores our commitment to driving excellence and expanding our market footprint.

Volume Growth: Total volumes for the year surged to 74.84 BUs, up from 70.61 BUs in the previous year, marking a 6% increase.

Core Margin Improvement: Our core margin for electricity traded also saw an upward trend, rising to 3.36 Paisa/unit in FY24.

Market Segmentation: PTC maintained a balanced presence across all segments of the Indian power market, with Short-Term (ST) and Power Exchange (PX) volumes contributing 57% and Long-Term/Medium-Term (LT/MT) volumes accounting for 43% of the overall volumes.

Summary of Consolidated Financial Performance for Q4FY24 and FY24

- Consolidated Profit After Tax (PAT) in FY24 was INR 533.16 Crores compared to INR 507.15 Crores in FY23

- Consolidated Profit After Tax (PAT) in Q4FY24 was INR 91.11 Crores compared to INR 129.34 Crores in Q4FY23

- EPS of the company increased to INR 16.11 FY24 compared to INR 15.05 in FY23

Summary of Standalone Financial Performance for Q4FY24 and FY24

- The Core Margin for the Q4FY24 is INR 52.96 Crores compared to INR 47.73 Crores in Q4FY23, an increase of 11%

- Standalone Profit After Tax (PAT) in FY24 was INR 368.98 Crores compared to INR 369.74 Crores in FY23

- The Core Margin for the FY24 was INR 251.42 Crores compared to INR 225.84 Crores in FY24, an increase of 11%

Commenting on the results, Dr. Rajib K Mishra, Chairman & Managing Director, PTC India Ltd., said "We are pleased to announce the financial results for Q4FY24 & FY24, both on a standalone and consolidated basis. The Board of Directors has recommended a dividend of INR 7.80 per equity share for FY24, reiterating the confidence in PTC's business model and prospects of the business in the future.

Our strong performance across diverse market segments reinforces PTC's role as a pivotal force in the Indian power sector. By enhancing our core margin and expanding our trading volumes, we continue to deliver value to our stakeholders and drive sustainable growth.

PTC remains dedicated to leveraging its market expertise to capitalize on emerging opportunities and contribute to the stability and efficiency of India's power market."

Shares of PTC India Limited was last trading in BSE at Rs. 209.55 as compared to the previous close of Rs. 201.85. The total number of shares traded during the day was 196083 in over 2883 trades.

The stock hit an intraday high of Rs. 210.50 and intraday low of 202.65. The net turnover during the day was Rs. 40636207.00.

Source : Equity Bulls

Keywords

PTCIndia INE877F01012 Q4FY24 FY24 ResultUpdate Dividend