Industrial Products firm PTC Industries announced Q1FY23 Result : Total Income at Rs 472 Mn; PAT at Rs 29 Mn Total Income at Rs. 471.8 Mn in Q1FY23 as compared Rs. 460.0 Mn reported in Q1FY22. EBITDA stood at Rs. 120.1 Mn with an EBITDA Margin of 25.5% in Q1FY23. PAT at Rs. 28.8 Mn in Q1FY23 as against Rs. 52.3 Mn in Q1FY22. Speaking on the developments, Mr. Sachin Agarwal, Chairman & Managing Director, said: “The financial year 2023 is a steppingstone for the next leg of growth for PTC Industries, as the Company initiated its capex to build the infrastructure to manufacture Titanium Ingots by successful acquisition of the Vacuum Arc Remelter (VAR) at its wholly owned subsidiary “Aerolloy Technologies Limited (ATL)”. With this, we have commenced setting-up of a fully integrated material manufacturing capabilities of all exotic materials, including Titanium ingots and recycling facility, Cobalt, and Nickle Superalloys, in three phases on the land acquired in Lucknow, UP Defence Industrial Corridor. We at PTC deploy the most sophisticated technologies, thereby are committed to constant innovation. Henceforth, we are actively building our capabilities and strengthening our team to become future ready. The Company also participated in one of the major aerospace exhibitions in the world to showcase its capabilities, which will help build our brand in the Aerospace and Defence market. Furthermore, the structural change in market dynamics and favourable Government policies will foster newer opportunities.” Result PDF
PTC Industries declares Q4FY22 result: Total income grew by 10% YoY to Rs 1,852 Mn in FY22 PAT surged significantly to Rs 128 Mn in FY22, a robust growth of 194% YoY Total Income at Rs 1,852 Mn in FY22 as against Rs 1,685 Mn reported in FY21, a 9.9% YoY growth; for the Q4 FY22 period, total income stood at Rs 527 Mn as against Rs 562 Mn in Q4 FY21 EBITDA for FY22 was at Rs 484 Mn, a 20.6% YoY growth over Rs 401 Mn EBITDA reported in FY21. This translated to an EBITDA Margin of 27.0% as against 24.6% in FY21, an improvement of 240bps. EBITDA for the quarter was at Rs 139 Mn (Margin - 27.3%) as compared to Rs 154 Mn (Margin – 29.0%) during the same period previous year PAT was at Rs 128 Mn in FY22 as compared to Rs 44 Mn in FY21, a significant growth of 194% YoY; for Q4 FY22, PAT was at Rs 46 Mn as against Rs 15 Mn in Q4 FY21, a robust growth of 218% YoY. Commenting on the performance, Mr. Sachin Agarwal, Chairman & Managing Director, said: “I am happy to share that the financial performance during FY22 is the pathway of the journey we have commenced towards building PTC Industries. Being a manufacturer of high-quality engineering metal components over the years, PTC has taken a leap towards manufacturing of strategic materials, components, and subsystems for various Aerospace and Defence applications. PTC has been growing strength by strength building itself on the principle of “PARITY” with a focus on bringing the best-in-class technologies in India, that are at par with global standards and substitutes imports, making India Self-Reliant. Recent allotment of 20 hectares (50 acres) of land by UPEIDA to PTC’s wholly owned subsidiary Aerolloy Technologies Limited (ATL) in the Lucknow node of the UP Defence Industrial Corridor is a step towards that direction. We intend to set up fully integrated material manufacturing capabilities of all exotic materials, including Titanium, Cobalt, and Nickle Superalloys, at this facility. The project will be developed in three phases with a total peak manufacturing capacity of 5,000 tonnes per annum. The facility, among other state-of-the-art equipment, will have a Vacuum Arc Remelter that has already been procured. PTC is growing and poised for a big leap forward as we remain optimistic and committed to India’s growth story. We have been consistent in creating stakeholder value and built enduring relationships. We hope and believe that this commitment will guide us into a strong and bright future, and the benefits of our efforts will reach all our stakeholders, our people and our Nation.” Result PDF