PTC Industries Ltd

Profit before exceptional items and tax in Q3 FY25 was at Rs 19.07 crore, up 83.19% from Rs 10.41 crore recorded in Q3 FY24. Exceptional loss stood at Rs 4.40 crore in Q3 FY25. Total expenses rose 19.28% to Rs 58.03 crore in Q3 FY25 over Q3 FY24. During the quarter, the cost of materials consumed stood at Rs 21.05 crore (up 134.93% YoY), while employee benefits expense was at Rs 10.87 crore (up 40.08% YoY). PTC Industries manufactures high-quality, high-precision metal components for various critical and supercritical applications. Shares of PTC Industries slipped 5.15% to close at Rs 13,098.90 on Friday, 14 February 2025.Powered by Capital Market - Live

Net profit of PTC Industries rose 76.24% to Rs 14.24 crore in the quarter ended December 2024 as against Rs 8.08 crore during the previous quarter ended December 2023. Sales rose 20.69% to Rs 66.92 crore in the quarter ended December 2024 as against Rs 55.45 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales66.9255.45 21 OPM %22.8027.70 - PBDT24.4714.59 68 PBT19.0710.41 83 NP14.248.08 76 Powered by Capital Market - Live

PTC Industries will hold a meeting of the Board of Directors of the Company on 14 February 2025.Powered by Capital Market - Live

The agency has assigned '[ICRA] A2+' rating to the short-term bank facilities of the company. ICRA stated that the ratings assigned to PTC Industries (PTCIL) factor in the established operational record of the company and experience of its promoters in the niche, specialised metal casting industry, along with its diversified product profile with presence across industries like oil and gas, LNG processing, aerospace, defence, marine, energy and pulp and paper. Further, the sales are diversified geographically, and exports have generated more than 80% of PTCIL's revenue since FY2022. PTCIL, supported by its strong technological capabilities, has developed a reputed client base that includes customers like Rolls Royce Marine, Dassault Aviation, HAL , MoD and Israel Aerospace Industries. The ratings also factor in PTCIL's robust financial risk profile supported by healthy OPM and comfortable capitalisation and coverage indicators. The company has also raised equity of Rs 1,082.3 crore since FY2023, including Rs 675.9 crore (net of issue expenses) through a QIP completed on 03 September 2024. This improved the company's liquidity profile and net worth position. The ratings are, however, constrained by the company's modest scale of operations with a total operating income of Rs 256.9 crore in FY2024 and Rs 119.2 crore in H1 FY2025 and high working capital intensity of the business owing to high inventory and receivable days. Given that PTCIL's raw materials costs are essentially driven by commodity prices, its profitability also remains exposed to the volatility in the prices of its raw material. However, the risk is mitigated to an extent with the company following a dynamic pricing strategy to address fluctuations in raw material costs. PTC Industries is one of the leading manufacturers in the engineering sector catering to the aerospace, defence, oil and gas, power and marine industries. It offers castings and comprehensive design support for varied range products of critical and super-critical applications The scrip rose 1.39% to currently trade at Rs 17565 on the BSE. Powered by Capital Market - Live

PTC Industries has received upgrade in credit ratings from ICRA as under: Long term fund based limits (Rs 125 crore) - ICRA A-; Stable Short term fund based limits (Rs 50 crore) - ICRA A2+ Powered by Capital Market - Live

Shares of PTC Industries surged 27.18% in the past three sessions. It has soared 128% in the past one year. The stock hit a record high of Rs 17,166.50 on 7 January 2025. PTC Industries, a manufacturer of precision metal components, is expanding its aerospace capabilities through its subsidiary Aerolloy Technologies. The company is investing in a new facility in Lucknow, India, to produce titanium and superalloy castings for aerospace and defense applications. This facility will be fully integrated, encompassing the production of aerospace-grade ingots, billets, bars, plates, and sheets from these critical materials. On a consolidated basis, net profit of PTC Industries surged 112.65% to Rs 17.31 crore while net sales rose 25.84% to Rs 72.37 crore in Q2 September 2024 over Q2 September 2023. Powered by Capital Market - Live

Net profit of PTC Industries rose 112.65% to Rs 17.31 crore in the quarter ended September 2024 as against Rs 8.14 crore during the previous quarter ended September 2023. Sales rose 25.84% to Rs 72.37 crore in the quarter ended September 2024 as against Rs 57.51 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales72.3757.51 26 OPM %29.3527.26 - PBDT26.2414.66 79 PBT22.0310.50 110 NP17.318.14 113 Powered by Capital Market - Live

PTC Industries will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live

PTC Industries announced that Krishna Das Gupta and Ajay Kashyap, have ceased to be the Non-executive and Independent Directors of the Company with effect from 30 September 2024, on completion of their second term of five years.Powered by Capital Market - Live

PTC Industries announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live