PTC India : Press Release June 1 2022

PRESS RELEASE

New Delhi, 1st Jun 2022: PTC India Limited, the leading provider of power trading solutions in India, today announced its financial results for the quarter ended Dec 31, 2021.

Financial performance

Summary of Financial Performance for first 9 months - FY22

Trading Volumes of 70,186 million units for the 9-monthly period continue to exceed historical benchmarks. 10% increase in Volumes over the 9-monthly volumes of FY21

Total Revenue from Operations at 12,800.27 INR Crores for the 9-monthly period and 3055.04 INR Crores for the 3rd quarter (Oct-Dec) on a standalone basis

Profit After Tax (PAT) at 268.92 INR Crores for the 9-monthly period and 79.29 INR Crores for the 3rd quarter (Oct-Dec) on a standalone basis

Q3-FY22 vs Q3-FY21 (Standalone)

• Volume has increased by 5 % to 19,483 MUs from 18,597MUs.
• Total operating Margin has been ₹ 131.10 Crore.
• Consulting Income for the quarter has grown by 15% to ₹ 9.22 Crores vis a vis ₹ 8.01 Crores in corresponding quarter of FY-21

Management comment:

Commenting on the results, Dr. Rajib K Mishra, Director (M&BD) & CMD Incharge, PTC India Ltd., said

"Overall, this quarter has been a mixed bag in terms of volume and margins. While volume grew by 5% for the quarter, the company traded over 70 Billion Units for the 9M ending Dec -2021. The growth has been driven by short term trades and the exchange traded segment. Due to seasonal variations, Q3 is a lean season in terms of volume and realisation is also tepid as govt. allocation to discoms flows majorly in Q4 of financial year.

During the quarter, long term including cross border volumes faced some scheduling issues resulting in less than expected growth in traded volumes. The same is also evident in the financial numbers. Our consultancy business continues to make deeper inroads with a 40% increase in consultancy income and winning orders in newer segments. As reported through form IV filing with CERC, PTC has scheduled around 87 Billion Units in FY 22.

PTC is committed to make continual investments in its people and processes to build capabilities and drive solutions. We are confident that these will drive our growth going forward. "

About PTC India Limited

PTC India Ltd., a Government of India initiative, is the pioneer in starting a power market in India. The Company has maintained its leadership position in power trading since inception. PTC has also been mandated by the Government of India to trade electricity with Bhutan, Nepal and Bangladesh.

The trading activities undertaken by PTC include long term trading of power generated from large power projects including renewables as well as short term trading arising as a result of supply and demand mismatches, which inevitably occur in various regions of the country.

The Company is credited with a number of products in the electricity trading market to meet the divergent needs of the customers. Driven by the vision of shaping a vibrant power market, PTC has been providing value-added services to its clients and built trust as a reliable partner. The electricity traded from cross border resources is a significant component of the total electricity traded by the Company.

PTC is a unique example of a successful public-private partnership with major PSUs of the Ministry of Power, Government of India as promoters and a widely held ownership interest. The diverse composition of its Board of Directors includes eminent people as independent directors.

For Further Information Contact:

Nihar Mehta

S-Ancial Technologies Pvt. Ltd (Investor Relations) [e-mail]

Sushant Chaturvedi PTC India Ltd

Head - IR & Public Outreach [e-mail]