PTC’s Consolidated PAT for Q3 FY23 jumps by 66%

Summary of Financial Performance for Q3 FY23

· Consolidated Profit After Tax (PAT) will increase to INR 104.48 Crores for Q3FY23 in comparison with INR 62.91 Crores in Q3 FY22, a rise of 66 %

· Consolidated Profit Before Tax (PBT) elevated to INR 141.82 Crores for Q3FY23 in comparison with INR 84.42 Crores in Q3FY22, a rise of 68%

· The core working margin on standalone foundation realized throughout Q3 FY 23 is INR 48.02 Crores in opposition to INR 48.81 Crores in Q3 FY 22

· The traded quantity was 15,530 MUs in Q3FY23 in comparison with 19,483 MUs in Q3FY22, the decline is totally on account of lower of round ~ 3.72 BUs in low margin energy exchanges traded volumes

Summary of Financial Performance for 9M FY23

· Consolidated Profit After Tax (PAT) decreased to INR 377.81 Crores for 9MFY23 in comparison with
INR 394.56 Crores in 9MFY22, a lower of 4%

· Consolidated Profit Before Tax (PBT) decreased to INR 509.32 Crores for 9MFY23 in comparison with INR 528.86 Crores in 9MFY22, a lower of 4%

· The EPS of the corporate decreased to INR 11.11 in 9MFY23 in contrast INR 12.09 for 9MFY22, a lower of 8%

Management remark:

Commenting on the outcomes, Dr. Rajib Ok Mishra, CMD (Addl-charge), PTC India Ltd., mentioned

“We are happy to declare the standalone and consolidated monetary Results for Q3 & 9M FY23. It can also be pertinent to notice that the auditor qualification current in PTC India’s standalone Q2FY23 outcomes have been eliminated. The quarter marked the initiation of a restoration section for the bilateral electrical energy buying and selling section which was impacted throughout H1FY23 by heightened volatility within the short-term electrical energy costs, elevated gas costs and a fast enhance in peak demand.

During the quarter, the corporate’s enterprise technique targeted extra on the core margins than on the volumes. The per unit core margin realized throughout Q3FY23 improved to three.09 paise/unit in comparison with 2.51 paise/unit in Q3FY22 indicating a marked enchancment in operational efficiencies, tighter working capital administration in addition to a targeted technique to undertake worth accretive transactions. The liquidity place of the state utilities in addition to PTC’s excellent from such utilities present a marked enchancment vis-à-vis the comparable quarter on YoY foundation.

The subsidiary firms continued to carry out nicely throughout the quarter reiterating the general power and robustness of the enterprise mannequin of the PTC Group. The PTC sponsored change can also be demonstrating traction in enterprise volumes with a traded quantity of 35-40 MUs / day in final couple of days.”