The power sector in India is witnessing robust growth, driven by the increasing demand for electricity due to rapid urbanization, industrial expansion, and rising consumer needs. The government’s initiatives like the “Power for All program”, renewable energy targets, and electrification of rural areas have further accelerated the sector’s momentum. With an expanding population and a growing digital economy, the demand for a consistent power supply is surging.
Companies in renewable energy, thermal energy, and emerging areas such as battery storage and EV charging infrastructure are reaping the benefits. Investments in green energy projects and modernization of grid systems present immense opportunities for these players, ensuring the sector remains a critical pillar of India’s economic development.
Share Price
The shares of PTC India Limited are currently trading at Rs. 139.21 down by 3.17% from its previous close of Rs. 143.77 as of January 09, 2025. The stock has fallen close to 10% in the last 5 days coming down from Rs. 154.3 to Rs. 139.
Recent Update
Details of the Disposal
BlackRock, Inc., on behalf of its discretionary management clients, has sold 331,263 shares of PTC India Limited, representing a 0.11% stake in the company. Before the sale, BlackRock held 11,396,250 shares, equating to 3.85% of the company’s total shareholding. The sale was conducted through an on-market transaction, and the transaction date was January 7, 2025. No shares were encumbered or involved in any other form of transaction such as pledges or warrants.
Post-Disposal Holding
After the disposal, BlackRock’s shareholding in PTC India Limited has reduced to 11,064,987 shares or 3.74% of the total voting capital. This represents a slight decrease in their stake, but they continue to maintain a significant holding in the company. The disposal was conducted through an open market transaction on the Bombay Stock Exchange and the National Stock Exchange of India Limited.
Financial Outlook
PTC India Ltd reported a marginal increase in sales for the quarter ending September 2024, rising 1.1% to ₹5,128 crore from ₹5,070 crore in September 2023. EBITDA also saw a slight growth of 3.7%, increasing from ₹295 crore in Sep ’23 to ₹306 crore in Sep ’24, with the operating profit margin (OPM) remaining stable at 6% for both periods.
Net profit saw a notable 15.8% increase, rising from ₹202 crore in Sep ’23 to ₹234 crore in Sep ’24. This improvement in profit highlights the company’s ability to enhance its bottom line despite the relatively flat sales growth. Overall, the company maintained consistent operational performance with growth in profitability.
About the Company
PTC India Limited, established in 1999 as a Public-Private Initiative by the Government of India, operates in the power trading sector. Promoted by Power Grid Corporation of India Limited (PGCIL), NTPC Limited, Power Finance Corporation Limited (PFC), and NHPC Limited, it specializes in both long-term and short-term power trading. The company sources electricity from large projects and addresses supply-demand mismatches in the market. PTC is also a co-promoter of India’s first electricity exchange, IEX, and is involved in cross-border power trading with neighboring countries like Nepal, Bhutan, and Bangladesh, positioning itself as a significant player in India’s energy sector.
Written By: Dipangshu Kundu
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
