PTC India Limited has informed the Exchange about Transcript of Investor/Analyst call held on 16th February 2026 on unaudited financial results of Q3 and 9 months of FY 2025-26.
PTC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
PTC India reported Q3 FY26 standalone PAT of Rs. 83 crore, down 25% YoY from Rs. 111 crore, mainly because lower rebate and surcharge income from improved DISCOM liquidity cut operational income by 14% to Rs. 89 crore. However, trading volumes grew 4% in the quarter to 20 billion units and 9% for 9M to 69.23 billion units, with 60% of volume from exchanges. Trading margins improved YoY, with short-term margin at 0.87 paisa/unit (vs 0.75) and long-term at 7.91 paisa/unit (vs 7.70). Cash on balance sheet stood at Rs. 3,292 crore, with management earmarking Rs. 2,000 crore as working capital for trading and the remaining Rs. 1,200 crore available for new investments. The PTC board has approved the proposal by three existing promoters (PFC, PowerGrid, NHPC) to relinquish promoter rights, making NTPC the sole promoter. MoUs with Neyveli Lignite and SECI were disclosed for exploring renewable and merchant power synergies.
Shareholders should note that headline profitability declined sharply in Q3 due to lower rebate/surcharge income, which management calls transient, while underlying trading volumes and per-unit margins improved. The shift to NTPC as sole promoter is a significant corporate change that could unlock synergies through NTPC's surplus power flowing into PTC's trading business, but key details on HPX divestment, capital deployment, and shareholder rewards remain unaddressed.