PTC Industries announced Q3FY23 results: Consolidated Q3FY23 & 9MFY23: Total Income: Total income at Rs 609 million in Q3FY23 as compared to Rs 463.1 million reported in Q3FY22; a significant growth of 31.5% YoY. Total income in 9MFY23 was at Rs 1,640.5 million as compared to Rs 1,325.8 million in 9MFY22, a growth of 23.7% YoY. EBITDA: EBITDA stood at Rs 161.4 million in Q3FY23 compared to Rs 104.4 million in Q3FY22; a growth of 54.6% YoY with an EBITDA Margin of 26.5% in Q3FY23. EBITDA for 9MFY23 was at Rs 471.7 million as against Rs 345.3 million in 9MFY22, an EBITDA margin of 28.8% in 9MFY23. PAT: PAT stood at Rs 60.9 million in Q3FY23 compared to Rs 11.6 million, a growth of 426.2% YoY. PAT at Rs 166.1 million in 9MFY23 compared to Rs 81.9 million in 9MFY22, 102.9% YoY growth. Speaking on the results, Mr. Sachin Agarwal, Chairman & Managing Director, said: “We are pleased to share that PTC has reported good overall performance for the first nine months of the current fiscal year, and we are confident that this growth trajectory will continue. The current market dynamics, geo-political issues, and global supply chain disruptions have created enormous prospects for India and other developing countries. Additionally, the Indian government's emphasis on indigenization, developing a strong defence and aerospace ecosystem, and exports will boost India’s growth and open huge opportunities in these sectors. In line with our principle of achieving Parity, we have developed world-class technological capabilities and infrastructure which will lead to significant leadership and profitability in the coming years. The company has been investing in developing and acquiring cutting-edge core manufacturing technologies, which are available to very few players globally, and this creates a huge capability to supply for both domestic and international markets across a wide range of platforms. Additionally, the acquisition of the VAR and EBCHR furnaces is a crucial step towards establishing a fully integrated material manufacturing capability for all exotic materials, including Titanium and Nickel Superalloys within the country and gives PTC an unprecedented advantage in the aerospace and defence industry. The company is entering into partnerships with prestigious companies like BAE Systems, Safran AE, Bharat Dynamics, Mishra Dhatu Nigam, etc., and has already received a number of development orders to produce and supply critical cast components. PTC is the first company from India that will manufacture and export critical cast components for aircraft and aero engines. Thus, our goal is to establish ourselves as a dependable supplier to the defence and aerospace sector worldwide. The current developments will enable the company to progress rapidly and translate this progress into significant growth in revenue and profitability in the coming years.” Result PDF
Industrial products company PTC Industries announced Q2FY23 results: Total Income: Total income at Rs 559.7 million in Q2FY23 as compared to Rs 402.7 million reported in Q2FY22; a growth of 39.0% YoY Total income in H1FY23 was at Rs 1,031.5 million as compared to Rs 862.7 million in H1FY22, a growth of 19.6% YoY EBITDA: EBITDA stood at Rs 190.2 million in Q2FY23 compared to Rs 95.8 million in Q2FY22; witnessing a growth of 98.5% YoY with an EBITDA Margin of 34.0% in Q2FY23 EBITDA for H1FY23 was at Rs 310.3 million as against Rs 241 million in H1FY22, an EBITDA margin of 30.1% in H1FY23 PAT: PAT stood at Rs 76.4 million in Q2FY23 compared to Rs 18.0 million, a growth of 324.4% YoY PAT at Rs 105.02 million in H1FY23 compared to Rs 70.3 million in H1FY22, 49.6% YoY growth Speaking on the developments, Mr. Sachin Agarwal, Chairman & Managing Director, said: “The current fiscal year continues to be exciting for us at PTC. While we continue to improve our financial performance, we are also achieving significant milestones by entering into technical collaborations with prominent organisations and signing MoUs for important partnerships with both public sector and private companies. We are also very proud to have received the prestigious Raksha Mantri award for our work on indigenization in the defence and aerospace sector for the manufacture of critical titanium and super-alloy castings within India. With our strong capabilities, foresight and cutting-edge technology, the company can make a quantum leap in terms of its capability, revenue growth and sustainable profitability in the future.” Result PDF
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