PTC India tanks ~5% on lackluster performance in Q2 -; H1 FY23

8 Dec 2022 , 09:29 AM

PTC India Limited, India’s leading provider of power trading solutions, today announced its consolidated financial results for the first quarter ended June 2022, the second quarter, and the half year ended September 30, 2022.

Company’s consolidated PAT in Q1FY23 was Rs 135.10 crore compared to Rs 136.17 crore in Q1FY22.

Trading volumes reported were 17,831 MU in Q1FY23 as compared to 23,703 MU in Q1FY22, registering a downside.

Following this development, PTC India’s counter dipped nearly 4.71% in early morning session at Rs 86. The counter settled at Rs 90.25 on Wednesday.

Company reported a consolidated PAT of Rs 138.23 crore in Q2FY23 against Rs 195.48 crore in Q2FY22. Further, Trading volumes in Q2FY23 stood at 21,212 MU against 27,999 MU in Q2FY22.

For the H1FY23, the company reported a PAT of Rs 273.33 crore, as compared to Rs 331.65 crore in the previous corresponding period.

The company’s trading volumes in H1FY23 were 39,042 MU as compared to 51,072 MU in H2FY22.

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