New Delhi, May 26 (PTI) Power trading solutions provider PTC India on Monday posted over fourfold jump in its consolidated net profit to ₹371.87 crore in the March quarter compared to a year ago mainly due to exceptional gain of ₹305.96 crore. The company had a consolidated net profit of ₹91.11 crore in the quarter ended on March 31, 2024, a regulatory filing showed. However, the total income of the company in the quarter dipped to ₹3,030.51 crore from ₹3,510.02 crore in the same period a year ago. The company got an exceptional gain of ₹305.96 crore in the quarter from divesting its entire equity in its wholly-owned subsidiary, PTC Energy Ltd (PEL) to ONGC Green. The company received a total sales consideration of ₹1,175.75 crore (net of costs to sell) and consequently recorded a profit of ₹305.96 crore, as “Exceptional Items”, in the consolidated financial results for the quarter and year ended March 31, 2025. In 2024-25, the company posted a net profit of ₹976.24 crore as against ₹533.16 crore in the previous financial year. Total income in the fiscal also dipped to ₹16,277.22 crore from ₹16,805.36 crore in the year ago. The board has recommended a final dividend at the rate of 67 per cent i.e. ₹6.70 per share for the financial year ended 31st March 2025. According to a company statement, the trading volume for the FY 2024-25 is 82.75 BUs (billion units) vis a vis 74.84 BUs in FY 2023-24. The contribution of consulting income is ₹50.35 crore for FY 2024-25. The core trading margin stood at 3.37 paise per unit. Manoj Kumar Jhawar, Chairman & Managing Director, PTC India, in the statement, said, “During the last quarter of FY 24-25, our trading income grew by 14 per cent to ₹60.20 crore over the corresponding quarter of last quarter of FY 2023-24. Short-term volumes have contributed 66 per cent of the total volume for the quarter but an improved margin has helped in better realization of trading income.” On our investment management efforts, the divestment of PEL to ONGC Green Ltd was completed during the quarter, and this has contributed ₹457.39 crores to the PAT for the FY 2024-25, he added. The volume growth of 11 per cent of the FY 2024-25 has been driven by the short-term trades segment without any decline in the trading margin, he noted. PTC India, 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. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
PTC India reports a 400% increase in net profit, reaching ₹372 crore in the fourth quarter.
