PTC India : Transcript Q4 FY25-26

Listing Deptt. / Deptt. of Corporate Relations

Listing Deptt.

Date: 26th May, 2026

BSE Limited

Phiroze Jeejeebhoy Towers, Dalal Street Mumbai -400001

Scrip Code: 532524

National Stock Exchange of India Limited Exchange Plaza, C-1, Block G

Bandra - Kurla Complex, Bandra (E) Mumbai -400051

Company Code: PTC

Sir/ Madam,

Please find attached herewith the transcript of the Investors & Analyst Meet held on Friday, 22nd

May, 2026 on financial results for quarter and financial year ended 31st March, 2026. This is also being uploaded on the website of the Company at https://www.ptcindia.com.

This is for information and record please.

Yours faithfully,

RAJIV KUMAR

MAHESHWARI

Digitally signed by RAJIV KUMAR MAHESHWARI Date: 2026.05.26

15:17:57 +05'30'

Encl: as above

PTC India Limited

(Formerly known as Power Trading Corporation of India Limited) CIN : L40105DL1999PLC099328

2nd Floor, NBCC Tower, 15 Bhikaji Cama Place New Delhi - 110 066 Tel: 011- 41659500, 41595100, 46484200, Fax: 011-41659144 E-mail: info@ptcindia.com Website: https://www.ptcindia.com

Good afternoon everyone. Thank you for joining us this afternoon. Just keeping it very short, people on the dais, I think everybody is familiar with. Right now, on the left most, actually towards the middle, you see our MD and CEO, Dr Manoj Kumar Jhawar. To his right, Pankaj Goel, who is the Executive Director and CFO, and to Pankaj right is Bikram Singh. Bikram Singh is our Head of Marketing, ED Marketing and I am Rajiv Malhotra, here to just get the ball rolling.

It's been a year that we have completed when a lot of transition that has happened and when we talk of energy transition, you see evidence or manifestations of that happening

In the middle of this, I think the PTC team is here to say that give or take a few business metrics and we always tell you never to look at a quarter on quarter picture because this is not a quarter on quarter business.

So having said that, it only reinforces the relevance, in fact the increasing need of power trading, trade in power and in electricity markets development of electricity markets. Three successive days practically you heard of the demand hitting the highest ever numbers.

At the same time you hear of near zero kind of tariffs and in some parts of the day and you hear of very high tariffs in some parts of the day.

What do we do? Basically when we look at these mismatches we are here to match those. So I will not take much longer than this. Thank you again for joining us. I will ask Bikram to quickly share a business overview and after that Pankaj will take you through the numbers for this quarter and the year that we have just completed. And finally Dr. Jhawar will give us his concluding remarks. So Bikram can you come up.

Thank you sir. Very good afternoon to everybody.

So, a lot of things are already highlighted. Still as a part of the structure, I will just go through the PPT and I am sure there will be questions and answers at the end. So, first is the PTC overview.

So these are the traditional vision, mission and core values. We stick to them, we stay with them and we take our mission quite seriously which is power trading across various platforms and also with cross border countries.

These are our promoters. I think everybody is familiar with that. I heard somewhere in the informal discussions that maybe NTPC is going to take over something like that. But currently the four promoters remain with us and Ministry of Power is the largest shareholder through these companies. Largest single shareholder through these companies.

These are some of the developments that are there and of course more focus is on renewable. I will just share in the coming slides.

Last year I think everybody is familiar with the numbers. So it has been now more than 25 years of journey and we did 92.8 billion units last year with a PAT of 397 crores.

This is the view of the power market, how things are moving and where as a company we are now increasingly focusing. So these are countries' ambitions and some of them we have achieved well in time.

Others are on the radar with a 20 to 70 net zero target. So power sector is geared up to meet all the challenges and we are working towards achieving this with a 500 gigawatt target of only renewables.

This is the installed capacity of the country and the below two graphs actually reflect how things have moved over the last five, six years and why now renewable energy is actually very important and is coming into the market. Earlier it was through some long term PPAs with the distribution companies and very little was coming to the market.

However, if we see the installed capacity numbers, more than 50% is now renewable, which is installed. And if we look within the installed capacity space, which would be the graph on your right top corner.

So, solar of course dominates with 150 gigawatt followed by wind which is 56 GW and then we have small contribution from small hydro and biomass plants. So, this is how the 223 gigawatt of renewable is, you know, and divided and the below two graphs which has said what was in 2020 and what is there in 2026.

So we can see friends where thermal is 67% and now it is in terms of installed capacity is down to 49% so less than 50% and balance all is is now renewable. So, in installed capacity terms, the share of renewables is going up drastically,

whereas thermals is also increasing in terms of the installed capacity, but in terms of percentage share is on the lower side.

So, the contribution of renewable is going up and that was in the installed capacity terms which is in megawatts and this year is the same numbers in million units that are there. So in terms of installed capacity, the renewable is more than 50% but if we look in energy terms, it has increased from 16% to 26%. So that's not a small jump in the last 10 years.

And now in the total energy that is consumed in the country, 26% is coming from the renewables. And the target for this year as far as MNRE and ministries are concerned is actually 29%. So the targets are very stiff and the generation from renewables is coming in to meet those stiff targets.

This is, you know, that was five, six years back and this is going forward. So the growth story remains. We are all plugged into it and we are looking at 5% growth of electricity on year-to-year basis. And if the total pie grows, definitely

There is scope for PTC also in the trading space to grow. And as we were discussing just before the presentation, last three days, we touched the maximum ever. And yesterday only at 3 p.m. around this time, we touched our maximum 260 gigawatt peak met. So every day there is a new benchmark, new target, new milestones which are getting achieved in the power sector.

In terms of the business summary, we did 92.8 billion units which is 12% more than last year. PAT is more or less on the same lines, 397 crores dividend is there and of course the short term trades have increased. We try to keep it at 50-50 but because of the reluctance of parties to enter into long term agreements, the shorter duration agreements are seeing more traction and therefore now 56% of the businesses in the short term through the power exchanges and also some bilateral transactions.

In RECs, as I said that the installed capacity is less and then therefore the balance commitments are met through certificates. We did 68 lakh certificates last year and we were also helping Himachal Pradesh, government of Himachal Pradesh in selling their power in the country from 14 hydro projects in Himachal. And of course, some new clients have been added across C&I space and also in the cross-border domain.

And there are some consultancy assignments which are a little unique and which are helping contribute in this, especially the PM Kusum project of Honourable Prime Minister where we are helping the utilities in smart meter installations and also rooftop solar projects. And lastly the ADB funded project for connecting the three countries.

Laos, Thailand and Cambodia. So we are helping them develop the power market. Initially it will start with building the transmission systems within these countries and then also simultaneously if you are building infrastructure then you also need to have the rules in place for trading to take place.

So these are our long-term, medium-term portfolios. Right now, a little focused on thermal and hydro. However, going forward, we see this mix changing and some wind and solar also coming into it. As I said, now these powers have started coming to the market.

And of course in the customer profile more than 800 consumers are there and in this also in the generation space we are seeing lot of you know transition companies like battery, solar wind was there earlier also but their contribution has now increased and their market participation has increased. (I think there's some connectivity problem but. So now we've gone to slide Z.)

So these are some of the other initiatives which the company has been taking. There is a joint venture with NLC India Renewables where we plan to jointly develop hydro projects along with NLC which also is trying to change their portfolio to renewables now.

And in terms of various consultancy projects, so we've been doing transmission lines for Talcher Fertilizer Limited at Vishakhapatnam Port, we are building a substation and also helping MPIDC, that is Madhya Pradesh Industrial Development Corporation, developing some dedicated areas for industry parks and SCZs. So, in our consultancy business, this continues. For the financials, I request our CFO, Pankaj Goelji, to please. Thank you.

Thank you Bikram. Good afternoon to all. So now I will go through the financial results for the quarter and for the year ended as a whole. So first I will go through the stand alone results.

First I will go through the stand alone results. So as you can see in the first row, the volume has gone up from 19 billion units to 23.6 billion unit for the quarter. That is there is an increase of 24% during the quarter.

As Bikram has already explained, the increase in volume is mainly on account of our short term trade which basically includes the exchanges also, trading on exchanges also. And there is an increase in small contribution from medium term trade also and some of the contribution from cross border trade also.

For the year ended, the volume has increased by 12%. That is, it has gone from

82.8 billion units to 92.8 billion units. And again, the reasons are the same. The increase in the short term volume and some in medium term and cross border trade.

For the quarter, the total operational income is in the same direction because the volume has increased by 24%. And in the same direction, our total operational income has also gone up by 19%. That is from 97 crore to 115 crore.

For the year as a whole, the operational income remains same at the level of around 450 crore. The reason is although our operational income. core trading margin has gone up, but because of there is excess liquidity or I will say sufficient