PTC India Reports Surge in Q2 Profits Driven by Higher Revenues and Trading Volumes

PTC India experienced a 16% increase in net profit to Rs 233.82 crore for the September quarter, owing to higher revenue and trading volumes. The Board appointed Rajneesh Agarwal as the nominee director. PTC remains a leader in power trading, expanding its role in renewable energy and international electricity trade.

PTC India, a prominent power trading solutions provider, announced on Tuesday a 16% rise in consolidated net profit, reaching Rs 233.82 crore for the September quarter. The surge is attributed to higher revenues, as detailed in a BSE filing.

The company's income increased to Rs 5,133.63 crore, a slight improvement from last year's Rs 5,088.29 crore. The Board nominated Rajneesh Agarwal as NHPC Ltd's director, underscoring the company's dynamic leadership changes.

Chairman Manoj Kumar Jhawar highlighted a 13% growth in trading volume, with short-term trades comprising 56%. PTC India, since inception, retains its leadership in power trading and looks forward to expanding in renewable energy and international electricity markets.

(With inputs from agencies.)