Trades electricity between power generators and buyers such as state-owned distribution companies (DISCOMs), and separately lends to power projects. In FY26 the Power segment generated ₹16,450.28 crore (96% of segment revenue), while the Financing business generated ₹510.70 crore (3%) but produced a similar level of segment EBIT (₹387.38 crore) as the much larger Power segment (₹376.48 crore). The volume mix has shifted toward short-term trades versus a historical 50-50 split with long-term contracts, as DISCOMs prefer shorter commitments. PTC India signed a 1,200 MW solar Power Purchase Agreement with NTPC Renewable Energy Ltd in July 2026 and is awaiting DIPAM approval for a ~2,000 MW renewable and battery storage (BESS) joint venture with NLC India. Management says the company was the first to trade BESS power and to supply green power for green hydrogen (a 10 MW arrangement at GAIL Vijaipur). Consolidated PAT ex-PEL was ₹717.44 crore in FY26; the reported cost shape shows negligible materials and employee costs at 0.5% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Power (96%), Financing business (3%), Unallocated (1%). Asset-light electricity trading with a small project-financing book.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 16,856 | 15,971 | 16,763 | 16,241 | 16,771 |
| EBITDA (ex other income) | 1,575 | 1,352 | 1,042 | 1,436 | 878 |
| margin % | 9.3 | 8.5 | 6.2 | 8.8 | 5.2 |
| Owners' profit | 506 | 446 | 477 | 900 | 606 |
| EPS, as reported (₹) | 17.10 | 15.05 | 16.11 | 30.41 | 20.46 |
| ROE % · ROCE % | 10.0 · 12.9 | 8.6 · 11.9 | 8.8 · 10.8 | 14.4 · 17.0 | 10.2 · 15.2 |
| Debt / equity (x) | 1.77 | 1.11 | 0.71 | 0.44 | 0.25 |
| Cash from operations | 3,049 | 3,575 | 2,451 | 1,921 | 2,817 |
| Capex | (10) | (1) | (3) | (5) | (4) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,128 | 3,421 | 3,006 | 4,009 | 5,459 | 3,405 | 3,898 | 4,774 |
| Profit before tax | 219 | 227 | 467 | 287 | 298 | 176 | 164 | 150 |
| Net profit | 234 | 181 | 372 | 243 | 222 | 131 | 121 | 112 |
| EPS (₹) | 7.34 | 5.31 | 11.88 | 6.59 | 6.46 | 3.85 | 3.56 | 3.31 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Power | 16,450 | 96.0 |
| Financing business | 511 | 3.0 |
| Unallocated | 177 | 1.0 |
| Total, before eliminations | 17,138 | 100.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 8.9 | 20.4 | 6 of 34 | 85% |
| P/B | 0.6 | 1.6 | 5 of 35 | 88% |
| ROCE | 11.4 | 3.1 | 3 of 38 | 95% |
| ROE |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 3 Sept 2026 · AGM intimation: Letters to shareholders without registered emails | compliance | minimal | — | — |
| 3 Sept 2026 · PTC India 27th AGM notice published, AGM on September 30, 2026 | compliance | minimal | — | — |
| 2 Sept 2026 · PTC India files Business Responsibility and Sustainability Report for FY 2025-26 | general | medium | — | — |
| 2 Sept 2026 · PTC India 27th AGM on 30 Sept; final dividend Rs 5.50 per share proposed | board shareholder meetings | low | — | — |
| 2 Sept 2026 · PTC India Annual Report FY 2025-26 and 27th AGM Notice | general | medium | — | — |
| 1 Sept 2026 · PTC India to meet analysts and investors at Ellara Capital event on Sept 2 | board shareholder meetings | low | — | — |
| 27 Aug 2026 · PTC India announces 27th AGM on 30 September 2026 via video conference | compliance | minimal | — | — |
| 19 Aug 2026 · PTC India gets ESG rating of 52 from CRISIL under Adequate category | business updates | medium | — | — |
| 18 Aug 2026 · PTC India fixes 7 Oct 2026 as record date for final dividend | corporate actions | medium | — | — |
| 18 Aug 2026 · PTC India 27th AGM on 30 Sep 2026; record date 7 Oct for Rs 5.50 dividend | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 10.2 |
| 8.8 |
| 13 of 36 |
| 66% |
| Debt / Equity | 0.3 | 0.8 | 10 of 36 | 74% |
| EBITDA margin | 4.3 | 41.1 | 31 of 33 | 6% |
| Revenue growth | 19.1 | 7.8 | 11 of 33 | 69% |
| Profit growth | (53.9) | 7.6 | 31 of 34 | 9% |
| Market cap | 4530 | 6460 | 21 of 38 | 46% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
