PTC India Ltd News
PTC India Q2 results: Net profit rises 16% to Rs 234 cr on higher revenues
Power trading solutions provider PTC India on Tuesday posted a nearly 16 per cent rise in its consolidated net profit to Rs 233.82 crore for the September quarter on higher revenues. The company had reported a consolidated net profit of Rs 202.31 crore in the quarter ended September 2023, a BSE filing showed. Its total income rose to Rs 5,133.63 crore in the quarter from Rs 5,088.29 crore a year ago. The Board of Directors of the company in its meeting held on November 12, 2024, approved the appointment of Rajneesh Agarwal as the nominee director of NHPC Ltd on the board, the filing stated. In a separate statement, the company stated that the trading volume rose 13 per cent in Q2 FY25 to 24,039 MU (million units compared to 21,326 MUs in Q2 FY24. The consulting income for Q2 FY25 stood at Rs 10.30 crore while the core trading margin stood at 3.60 paise per unit, it informed. PTC India Chairman and Managing Director Manoj Kumar Jhawar said, "A healthy mix of volume from trades acr
 "PTC India Q2 results: Net profit rises 16% to Rs 234 cr on higher revenues")
Indian power firms owed over $1 bn by Bangladesh amid financial turmoil
Five Indian power companies-Adani Power, SEIL Energy India, NTPC, PTC, and Power Grid Corporation of India-are collectively owed over $1 billion.
 "Indian power firms owed over $1 bn by Bangladesh amid financial turmoil")
PTC India Q1 results: Net profit rises 33% to Rs 189 cr on lower expenses
Power trading solutions provider PTC India on Tuesday posted about 33 per cent rise in its consolidated net profit to Rs 189 crore in the June quarter due to lower expenses. "Consolidated Profit After Tax (PAT or net profit) in Q1-FY25 was Rs 189 crore compared to Rs 143 crore in Q1 FY24, an increase of 33 per cent," a company statement said. The total expenses came down to Rs 4,486.14 crore in the quarter from Rs 4,603.93 crore a year ago. The earnings per share (EPS) of the company increased to Rs 5.87 in Q1 FY25 compared to Rs 4.39 in Q1 FY24. The trading volume was 20.5 BUs (billion units) in Q1-FY25 compared to 20.6 BUs in Q1 FY24. Consulting income for Q1 FY25 stood at Rs 11 crore. The core margin was 3.50 paisa per unit. Manoj Kumar Jhawar, Chairman and Managing Director (Addl Charge) and Director (Commercial & Operation), PTC India, said, "The unusual changes in demand pattern, partly due to extreme weather conditions during the quarter saw high electricity demand and ...
 "PTC India Q1 results: Net profit rises 33% to Rs 189 cr on lower expenses")
SAT stays Sebi order against former PTC India CMD Rajib Kumar Mishra
The Securities Appellate Tribunal (SAT) has stayed a Sebi order that restrained former PTC India chairman and managing director Rajib Kumar Mishra from being a director in a listed entity for six months in a matter pertaining to corporate governance lapses. Following the order passed by markets regulator Sebi on June 12, Mishra ceased to be the chairman and non-executive director of PTC India Financial Services Ltd (PFS) and CMD of PTC India Ltd. PFS, promoted by PTC India Ltd, is a non-deposit-taking NBFC classified as an infrastructure finance company. Giving interim relief to Mishra SAT in its order on Friday, said, "The operation of the impugned order shall remain till the next date of hearing subject to deposit of 50 per cent of the penalty amount by the appellant with the Sebi within two weeks. The markets regulator, through its order, prohibited Mishra from "holding any position of director or key managerial personnel in any listed company or any intermediary registered with
 "SAT stays Sebi order against former PTC India CMD Rajib Kumar Mishra")
