PTC

PTC India share price & financials

Price
₹186.65
Market cap
₹4.6k Cr
Sector
Power
Calls analysed
8
Latest concall · Q1 FY27 · call held 05 Aug 2026

PTC India Q1 FY27

Consolidated PAT ₹112 cr −54%Standalone PBT ₹96 cr −32%

What went well

  • Trading volume grew by 12% to 25.78 billion units in Q1 FY27.
  • Maintained a trading margin of 3.35 paise per unit.
  • Total standalone operational income increased by 2% to Rs. 113 crore.

What to watch

  • Standalone Profit before tax decreased by 32% to Rs. 96 crore.
  • Consolidated Profit before tax decreased by 48% to Rs. 151 crore.
Read the full call →

What PTC India does

PTC India is an electricity trading intermediary that buys and sells power between generators, distribution utilities, industrial consumers and power exchanges, earning a trading margin on the volumes it moves. It contracts long-term and medium-term power purchase agreements with hydro, thermal, wind and gas generators, and separately trades short-term power bilaterally and on power exchanges. The company also trades electricity across the India-Nepal-Bhutan-Bangladesh corridor and provides power-sector consultancy services, such as smart-meter rollout and renewable project management, to utilities and governments.

Segments

  • Long Term & Medium Term Power Trading
  • Short Term Power Trading
  • Cross-Border Trading
  • Consultancy Services
Long-term & medium-term power portfolio
7,500+ MW of operating PPA contracts
Client base
800+ clients across C&I consumers, IPPs and utilities
Market position
India's first power-trading company; began trading in 2001 and was among the first to receive a trading licence under the Electricity Act, 2003
Power exchange stakes
Co-promoter of the Indian Energy Exchange (IEX) and Hindustan Power Exchange (HPX)
Cross-border footprint
Trades electricity with Nepal, Bhutan and Bangladesh; advising Laos, Thailand and Cambodia on power-market development
Subsidiary
PTC India Financial Services Limited (PFS), a separately listed NBFC subsidiary
Founded 1999Headquarters 2nd Floor, NBCC Tower, 15 Bhikaji Cama Place, New Delhi - 110066 Company website

Guidance record · Q1 FY27

what the last two calls moved 15 tracked 3 delivered 1 missed 11 open
  • PEL Divestment Closure delivered said Q2 FY25 Promised: mid-December 2024 Q1 FY27: Previously achieved.
  • Dividend Payout Ratio at risk said Q3 FY25 Promised: >50% of profits Q1 FY27: A special dividend of Rs. 23/share was announced, but management clarified it 'should be seen as a one-time measure' and is not indicative of future regular dividends. The core policy of >50% payout was not addressed.
  • Annual Power Demand Growth revised down said Q3 FY25 Promised: 6% to 8% per annum Q1 FY27: Looking ahead, we expect power demand to grow steadily at 4%-6% annually, although short-term volatility may arise due to transient weather conditions.

All 15 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 19.1%, net profit down 53.9% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue5,128 3,421 2,924 4,009 5,459 +6%3,405 −0%3,898 +33%4,774 +19%
EBITDA306 310 156 288 275 −10%173 −44%145 −7%151 −48%
Net profit234 181 372 243 222 −5%131 −28%121 −67%112 −54%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −12.7% 1Y

₹160₹180₹200₹220Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 12 Nov 2025Q3 FY26 — 16 Feb 2026Q4 FY26 — 22 May 2026Q1 FY27 — 5 Aug 2026

1Y: ₹174.98 on 10 Sept 2025 → ₹152.78. High ₹227.38 (7 May 2026), low ₹150.89 (31 Aug 2026).

How the price took the results

close before → close after

Q1 FY27
+8.1%
5 Aug
Q4 FY26
−1.1%
22 May
Q3 FY26
−6.5%
16 Feb
Q2 FY26
+2.0%
12 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 1.8% a year over 3 years, FY23 to FY26. Operating margin narrowed to 5.3%.

Year endingFY23FY24FY25FY26
Revenue₹15.9k Cr₹16.8k Cr₹16.0k Cr₹16.8k Cr
Operating profit₹1.3k Cr₹1.1k Cr₹1.0k Cr₹881 Cr
Operating margin8.2%6.3%6.3%5.3%
Interest₹567 Cr₹423 Cr₹448 Cr₹310 Cr
Depreciation₹79 Cr₹10 Cr₹9 Cr₹11 Cr
Net profit₹517 Cr₹515 Cr₹976 Cr₹717 Cr
Net margin3.2%3.1%6.1%4.3%
Cash from operations₹3.6k Cr₹2.5k Cr₹2.1k Cr₹2.8k Cr
Free cash flow₹3.6k Cr₹2.4k Cr₹2.1k Cr₹2.8k Cr
ROCE9.0%10.0%12.0%13.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹296 Cr₹296 Cr₹296 Cr₹296 Cr₹296 Cr₹296 Cr
Reserves₹4.1k Cr₹4.4k Cr₹4.7k Cr₹4.8k Cr₹5.5k Cr₹5.7k Cr
Borrowings₹11.5k Cr₹9.8k Cr₹6.5k Cr₹4.3k Cr₹2.3k Cr₹1.8k Cr
Other liabilities₹4.8k Cr₹5.4k Cr₹5.1k Cr₹5.7k Cr₹5.4k Cr₹4.9k Cr
Total liabilities₹20.7k Cr₹19.9k Cr₹16.6k Cr₹15.1k Cr₹13.5k Cr₹12.6k Cr
Fixed assets₹1.8k Cr₹1.7k Cr₹1.6k Cr₹43 Cr₹36 Cr₹32 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹972 Cr₹768 Cr₹326 Cr₹284 Cr₹952 Cr₹941 Cr
Other assets₹17.9k Cr₹17.4k Cr₹14.7k Cr₹14.8k Cr₹12.5k Cr₹11.7k Cr
Total assets₹20.7k Cr₹19.9k Cr₹16.6k Cr₹15.1k Cr₹13.5k Cr₹12.6k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −2.27 pp while DIIs added +2.14 pp. The shareholder count shrank 4% to 2,54,640.

Promoters
16.2%
FIIs
28.9%
DIIs
8.9%
Government
3.4%
Public
42.6%

Since Jun 2025

  • Public −2.27 pp
  • DIIs +2.14 pp
  • FIIs +0.13 pp

How it drifted, 12 quarters

Over this window the public fell from 45.1% to 42.6% — −2.5 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 16.2%, FIIs 27.5%, DIIs 7.8%, Government 3.4%, Public 45.1%.Dec '23: Promoters 16.2%, FIIs 28.8%, DIIs 6.3%, Government 3.4%, Public 45.3%.Mar '24: Promoters 16.2%, FIIs 29.4%, DIIs 5.9%, Government 3.4%, Public 45.1%.Jun '24: Promoters 16.2%, FIIs 33.1%, DIIs 5.8%, Government 3.4%, Public 41.5%.Sep '24: Promoters 16.2%, FIIs 33.3%, DIIs 5.7%, Government 3.4%, Public 41.4%.Dec '24: Promoters 16.2%, FIIs 28.7%, DIIs 5.7%, Government 3.4%, Public 46.0%.Mar '25: Promoters 16.2%, FIIs 25.7%, DIIs 6.8%, Government 3.4%, Public 47.9%.Jun '25: Promoters 16.2%, FIIs 28.8%, DIIs 6.8%, Government 3.4%, Public 44.9%.Sep '25: Promoters 16.2%, FIIs 28.9%, DIIs 6.8%, Government 3.4%, Public 44.6%.Dec '25: Promoters 16.2%, FIIs 27.8%, DIIs 6.7%, Government 3.4%, Public 45.9%.Mar '26: Promoters 16.2%, FIIs 27.5%, DIIs 7.5%, Government 3.4%, Public 45.4%.Jun '26: Promoters 16.2%, FIIs 28.9%, DIIs 8.9%, Government 3.4%, Public 42.6%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of PTC India above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
NTPC Limited 4.05%unchanged
Power Grid Corporation Of India Limited 4.05%unchanged
Nhpc Limited 4.05%unchanged
Power Finance Corporation Ltd NBFC / DFI4.05%unchanged
Damodar Valley Corporation 3.38%unchanged
LICI Life Non-Par Insurer3.18%−0.33 pp
Nippon Life India Trustee Ltd-A/C Nippon India Multi Asset Allocation Fund Mutual fund2.49%−0.23 pp
Quant Mutual Fund - Qsif Equity Ex Top 100 Long-Short Fund Mutual fund2.06%newly disclosed
Nihar Nandan Nilekani 2.04%unchanged
California State Teachers Retirement System - Aqr Capital Management, Llc 1 Sovereign1.35%+0.09 pp
City Of New York Group Trust Sovereign1.24%+0.12 pp
Vanguard Total International Stock Index Fund Global fund house1.13%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in PTC

Filings to Aug 2026

0 new, 0 added, 0 trimmed, 1 sold out — net −14.34 L shares (−20.9%).

Held by funds
₹82 Cr
2 schemes
Biggest holder
Nippon India Power & Infra Fund
₹49 Cr · 0.6% of that fund
SchemeHoldingLast month
Nippon India Power & Infra Fund Nippon India Mutual Fund₹49 Crheld
Nippon India Multi Asset Allocation Fund Nippon India Mutual Fund₹33 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

0 added, 0 trimmed — net −14.34 L shares (−20.9%)

Funds are sitting on
+22%
vs est. average cost
Held by funds
₹82 Cr
2 schemes · ≈ 2.2% of the company
Biggest holder
Nippon India Power & Infra Fund
₹49 Cr · 0.6% of that fund

Shares held by these funds +177%

Jan '25 68.56 L shares Jul '26

All earnings calls (8)

Read the Q1 FY27 call →

Learn to analyse PTC India

Guides on how to read this kind of business and the numbers that matter.