Power trading solutions provider PTC India traded all-time high volume of 87,515 million units during 2021-22, registering a growth of 9 per cent as compared to the previous fiscal, according to a company statement.
In the March quarter, the trade volume increased by 6 per cent to 17,329 MUs from 16,279 MUs in the same period a year ago.
Earnings per share (EPS) stood at Rs 14.35 per share for 2021-22 on a standalone basis.
Its consulting income for the March quarter has grown by 24 per cent to Rs 11.25 crore vis-a-vis Rs 9.05 crore in the corresponding quarter of FY21.
Rajib K Mishra, CMD In-charge and Director (M&BD) at PTC India, said, “The company has exceeded the benchmark of all-time high traded volumes set last year. PTC has traded over 87 billion units for the financial year 2021-22. While the seasonality in a particular quarter is a function of supply-demand dynamics, resulting in a 6 per cent growth in quarter four volumes.”
He said the power demand continues to rise as economic activities have resumed fully post Covid-led disruptions.
The growth has been primarily driven by short term trades and the exchange traded segments, he added.
“As always, PTC continues to trade in every segment of the market. The availability of coal, sustainable power from renewable sources and weather driven electricity demand patterns are new challenges of the sector which also present opportunities for bespoke solutions,” he said.
The company is developing its technology solutions and service offering for the evolving market, he added.
“Our consultancy business continues to make deeper inroads with a 24 per cent increase in consultancy income and winning orders in newer and complex segments.