PTC India reported a more than 28% year-on-year decline in net profit to ₹159.10 crore for the second quarter of FY27, compared with ₹222.05 crore in the corresponding quarter last year. According to the latest exchange filing, the company achieved revenue growth of 6.5% year-on-year to ₹5,958.24 crore from ₹5,585.21 crore in the year-ago period. This contrasting performance pattern highlights the impact of increased operational expenses on profitability despite higher sales volumes.
The company's EBITDA fell 48.1% to ₹142.8 crore compared with ₹275.4 crore a year earlier, as reported by CNBC TV18. More significantly, EBITDA margin narrowed to 2.5% from 5% in the corresponding quarter last year, indicating substantial pressure on operational efficiency. This margin compression reflects the impact of rising operational costs on profitability metrics despite the company's revenue growth.
Despite the profit decline, PTC India demonstrated strong operational performance with trading volume growing by 24% to 32.46 billion units (BUs) on a standalone basis during Q2 FY27, as reported in the company's statement. Manoj Kumar Jhawar, MD & CEO, PTC India Ltd, attributed the growth to trades across different tenures, though he noted that cross-border power from Bhutan showed a significant dip due to higher domestic requirements in Bhutan, leading to a decrease in trading income.
The primary driver behind the profit decline was total expenses increasing to ₹5,788.97 crore from ₹5,287.25 crore in the July-September period FY26, according to the company's exchange filing. This substantial increase in operational costs significantly outpaced the revenue growth, resulting in the margin compression that affected quarterly profitability despite the company's revenue growth and volume expansion.
