- Q1 FY24 results show a 16% increase in trading volume, crossing 20 billion units.
- Core margin increased by 10% to 64.49 crores, and PAT increased by nearly 21%.
- Cross border trade decreased due to lower hydrology from Bhutan, affecting per unit margin.
- Board approved a dividend of 7.8 per share to be declared at the AGM on 27th September.
- PTC Energy divestment process is progressing well, with firm offers expected from credible bidders.
- HPX, a new investment, became profitable within a year, showing positive results.
- Teesta Urja Limited's profitability exceeded 1200 crores for the entire last year.
- Market coupling is necessary for a fair, transparent, and anonymous national market.
- Market coupling may benefit HPX and other exchanges, improving market transparency.
- HPX's market share is around 30-35% in the term ahead market.
- Margins for different trade segments: Short-term (0.80 Paisa), Medium-term (1.73 Paisa), Long-term (7.22 Paisa per unit).
- PTC Energy is receiving tariffs from Andhra Pradesh, Karnataka, and Madhya Pradesh, with progress in divestment.
- Market coupling is aimed at creating a uniform pricing system and reducing congestion, with specific reasons for its implementation.
- Net debt of PTC Energy as of June 30th is approximately 1200 crore.
- The offers for PTC Energy are expected to be opened and disclosed to shareholders soon, but no specific date was mentioned.
- PTC Energy is 100% owned by PTC.
- Net cash balance for PTC India Limited as of June 30th was around 553 crore.
- Net working capital exposure for PTC India Limited is around 1957 crore, with more than 30 days exposure at around 992 crore.
- Volumes sold on IEX platform in Q1 FY24 were 10.2 billion units, compared to around 7 billion units in the last quarter.
- The revenue of HPX for FY23 was approximately 17.44 crores.
- PTC has not made a decision regarding selling its holding in HPX; they are currently focused on building the institution.
- The decision to privatize or sell stakes in PTC India is a matter for the promoters and the Ministry of Power to decide.
- PTC India is open to sharing subsidiary financials in quarterly presentations if there is demand from shareholders.
- PTC India owns a 5.62% stake in Teesta Urja Limited.
- PTC India sold 10 billion units on the IEX platform in Q1 FY24.
- PTC India allows customers to choose which exchange they want to do business with and does not restrict them to a specific exchange.
- PTC is keen to reward its investors in its silver jubilee year (2024-25) and has a dividend declaration policy that supports this.
- The current trading margin for HPX is Rs. 0.02 on both the buy and sell sides, and this is unlikely to change with market coupling.