PTC Industries Ltd. News and Updates

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

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PTC Industries Ltd. News and Updates

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