Industrial Products company PTC Industries announced Q3FY24 & 9MFY24 results: Financial Highlights for Q3FY24: In Q3FY24, PTC Industries reported a total income of Rs 590.6 million, representing a slight decrease of 3% from Q3FY23's total income of Rs 609.0 million. Earnings before interest, taxes, depreciation, and amortization (EBITDA) for Q3FY24 stood at Rs 189.7 million, a healthy increase of 17.5% over Rs 161.4 million in Q3FY23. The EBITDA margin increased, notably by 560 basis points to 32.1%. PAT in Q3FY24 grew by 32.5% YoY to Rs 80.8 million from Rs 60.9 million in Q3FY23. The PAT margin also experienced a substantial increase of 370 basis points to 13.7%. Over the 9 months of FY24, PAT surged by 65.5% YoY to Rs 275.0 million compared to Rs 166.1 million in 9MFY23, with the PAT margin going up by 410 basis points to 14.2%. Financial Highlights for 9MFY24: The income showed significant improvement YoY for the 9MFY24, reaching Rs 1,937.6 million for 9MFY24, up by 18.1% from Rs 1,640.5 million in 9MFY23. For the 9MFY24, EBITDA reached Rs 600.8 million, up 27.4% from Rs 471.7 million in 9MFY23, with the EBITDA margin improving by 220 basis points to 31.0%. Over the 9MFY24, PAT surged by 65.5% YoY to Rs 275.0 million compared to Rs 166.1 million in 9MFY23, with the PAT margin going up by 410 basis points to 14.2%. Business Developments: Partnered with Safran for the LEAP engine's titanium-casting parts. Signed an MoU with PTC Industries and Nasmyth (UK) for supply chain solutions. Aerolloy Technologies agreed on a long-term purchase with Dassault Aviation for the Rafale and Falcon jet programs. MoU with HAL - Accessories Division, Lucknow for indigenization in the Aerospace Sector. Commenting on the results, Sachin Agarwal, Chairman & Managing Director said, "I am happy to announce that the quarter has been good for us. We have seen an uptick in our operating profitability during this quarter due to a shift in revenue towards high-margin products. We have also entered into several prestigious MoUs in the Aerospace and Defence sectors with esteemed names like Nasmyth and HAL along with the signing of long-term purchase agreements with Safran Aircraft Engines and Dassault Aviation. These collaborations will allow us to leverage our expertise for significant growth and progress in the future. Our foray into the defence and aerospace sectors began a while ago, and we are now poised to see immense growth and promising developments. As we proceed on this journey, our vision of building a self-reliant Aatmanirbhar Bharat remains intact and prompts us to continue working with dedication and commitment. I'm filled with optimism about the exciting opportunities that lie ahead and the new heights we aim to reach.” Result PDF
Industrial Products company PTC Industries announced Q1FY24 results: Total Income at Rs 744.2 million in Q1FY24 as compared to Rs 471.8 million reported in Q1FY23; a growth of 57.7% YoY EBITDA stood at Rs 226.7 million in Q1FY24 compared to Rs 120.1 million in Q1FY23; a growth of 88.8% YoY with an EBITDA Margin of 30.5% in Q1FY24 PAT stood at Rs 112.8 million in Q1FY24 compared to Rs 28.8 million, a significant growth of 292.1% YoY Speaking on the results, Sachin Agarwal, Chairman & Managing Director, said, “We are delighted to begin the new fiscal year with a robust financial performance in Q1FY24. Notably, we also participated in the International Paris Air Show 2023 during this quarter where we showcased our exceptional capabilities and leading-edge technologies. Building on this momentum, I am pleased to share that Aerolloy Technologies, PTC’s wholly-owned subsidiary achieved yet another milestone in Q1FY24 by receiving approval from Israel Aerospace Industries (IAI) for the supply of cast components dedicated to Aerospace applications. This accomplishment is noteworthy as it marks IAI’s first engagement in sourcing cast components from India. Additionally, PTC was honoured to be a part of the historic Chandrayaan 3 mission by ISRO and Vikram Sarabhai Space Centre with the supply of the Pump Interstage Housing manufactured by us. Another key highlight of this quarter is PTC's listing on the National Stock Exchange, India's foremost trading platform that extends nationwide access and enhanced trading options, thereby increasing liquidity for investors across the country. Our unrelenting pursuit of parity, acquisition of unique competencies, and unwavering confidence shall continue to drive us towards even more remarkable milestones in the future.” Result PDF
Industrial Products company PTC Industries announced Q4FY23 & FY23 results: Q4FY23: Total Income at Rs 626.9 million in Q4FY23 as compared to Rs 526.6 million reported in Q4FY22; a growth of 19.0% YoY EBITDA stood at Rs 189.4 million in Q4FY23 compared to Rs 138.5 million in Q4FY22; a growth of 36.8% YoY with an EBITDA Margin of 30.2% in Q4FY23 PAT stood at Rs 92.0 million in Q4FY23 compared to Rs 46.2 million, a significant growth of 99.1% YoY FY23: Total Income in FY23 was at Rs 2,267.3 million as compared to Rs 1,852.3 million in FY22, a growth of 22.4% YoY EBITDA for FY23 was at Rs 661.1 million as against Rs 483.8 million in FY22 growth of 36.6%, an EBITDA margin of 29.2% in FY23 PAT at Rs 258.2 million in FY23 compared to Rs 128.1 million in FY22, 101.6% YoY growth Speaking on the results, Sachin Agarwal, Chairman & Managing Director, said: “PTC Industries has experienced a dynamic year in FY23, marked by notable achievements in both financial performance and operational advancements. Throughout the fiscal year, ATL signed numerous MoUs and secured development orders from prominent players in the defence and aerospace industry worldwide, emphasizing our outstanding capabilities and cutting-edge technologies. The Indian government's Make-in-India initiative and push for defence exports will continue to define the company's opportunity environment. With unwavering determination, we have diligently pursued our objective of attaining parity, acquiring distinctive competencies, and harbouring strong confidence in reaching even greater milestones in the future.” Result PDF