Government of India’s Public-Private Power Trading Company's Board Approves Amalgamation of EMC And Declares 50 Per Cent Interim Dividend
In the last year, the stock price has given negative returns of 21.62 per cent while on a YTD basis it has given 23.80 per cent returns. In last three years stock has surged by 87 per cent.
The Board of Directors of PTC India Limited held a meeting on April 26, 2025, to discuss and approve several key decisions. During the meeting, the board approved the appointment of Dr. Manoj Kumar Jhawar as the Chairman & Managing Director of the company. Dr. Jhawar's appointment is effective from the date he joins, subject to the Articles of Association of the Company. His term will continue until he reaches the age of 60 years.
In addition to the appointment, the Board of Directors also approved the payment of an interim dividend. The interim dividend is set at 50 per cent, which translates to Rs. 5/- per equity share, for the financial year 2024-2025. The company has fixed the record date for the purpose of ascertaining the eligible members/beneficial owners to receive the interim dividend as Monday, May 5, 2025.
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In the Quarterly Results of December 2024, the company reported a revenue of Rs 66.92 crore, reflecting a YoY growth of 20.69 per cent compared to Rs 55.45 crore in December 2023. The operating profit stood at Rs 15.25 crore, marking a decline of 0.72 per cent from Rs 15.36 crore in the same quarter last year. The profit after tax (PAT) increased by 76.24 per cent to Rs 14.24 crore from Rs 8.08 crore in December 2023.
In FY24, the company posted a revenue of Rs 256.88 crore, registering a 17.16 per cent growth compared to Rs 219.26 crore in FY23. The net profit for the year stood at Rs 42.22 crore, up 63.52 per cent from Rs 25.82 crore in the previous financial year.
PTC India Limited was established in 1999 by the Government of India as a Public-Private Initiative and is in the power trading business. It is promoted by Power Grid Corporation of India Limited (PGCIL), NTPC Limited (NTPC), Power Finance Corporation Limited (PFC) and NHPC Limited (NHPC). PTC undertakes trading activities which include long term trading of power generated from large power projects as well as short term trading arising as a result of supply and demand mismatches. It is co - promoter of India’s first electricity exchange (IEX) and does Cross Border Trade with Nepal, Bhutan & Bangladesh.
In the last year, the stock price has given negative returns of 21.62 per cent while on a YTD basis it has given 23.80 per cent returns. In last three years stock has surged by 87 per cent.
Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.