PTC Industries Q2 FY25 Earnings: Reports 34% Revenue Growth, ₹173M PAT, and Key Expansions

PTC Industries Limited, a company specialising in high-precision metal components for critical and super-critical applications, has released its financial results for the quarter and half-year ending September 30, 2024.

Financial Performance Highlights (Consolidated)

Total Income
PTC Industries reported a total income of ₹807.9 million in Q2 FY25, reflecting a 34% year-on-year (YoY) growth compared to ₹602.8 million in Q2 FY24. For the first half of FY25 (H1 FY25), total income stood at ₹1,313.1 million, slightly lower than ₹1,347.0 million in H1 FY24.

EBITDA
The company’s EBITDA grew significantly to ₹296.6 million in Q2 FY25, up 60.8% YoY from ₹184.5 million in Q2 FY24. For H1 FY25, EBITDA rose 5.4% YoY to ₹433.5 million from ₹411.1 million. EBITDA margins improved to 36.7% in Q2 FY25 (an increase of 611 basis points) and 33.0% in H1 FY25 (an increase of 249 basis points).

Profit After Tax (PAT)
PAT more than doubled in Q2 FY25, reaching ₹173.1 million, a robust 112.7% YoY increase from ₹81.4 million in Q2 FY24. For H1 FY25, PAT grew 14.3% YoY to ₹222.0 million compared to ₹194.2 million in H1 FY24.

Strategic Business Updates

Acquisition of Hot Rolling Mill
PTC acquired a Hot Rolling Mill from the United States to boost its production of titanium alloy plates and sheets for aerospace and defence applications. This acquisition enhances the capabilities of its facility in Lucknow, enabling the company to create a fully integrated titanium alloy manufacturing process at one site. The ability to produce thinner titanium sheets is expected to improve profitability and solidify PTC’s position in the global market.

Order from Israel Aerospace Industries (IAI)
PTC’s subsidiary, Aerolloy Technologies Limited (ATL), received its first-ever order from Israel Aerospace Industries (IAI) to supply titanium cast components for aerospace applications. This marks a significant milestone, as IAI is sourcing such components from India for the first time.

Contract with BAE Systems
PTC secured a major contract with BAE Systems to supply titanium castings for the M777 Ultra-Lightweight Howitzer, including critical parts such as spade trails and blades. These components have been developed over the past two years, showcasing PTC’s expertise in delivering high-quality parts for advanced defence platforms.

Expansion Plans and Capabilities
PTC Industries, through ATL, is heavily investing in a new state-of-the-art facility located in Lucknow, part of the Uttar Pradesh Defence Industrial Corridor. Spread across 50 acres, this facility will include a fully integrated titanium and superalloy mill capable of producing aerospace-grade ingots, billets, bars, plates, and sheets. These investments aim to enhance PTC’s production capacity and global competitiveness in the aerospace and defence sectors.

About PTC Industries

With over 60 years of experience, PTC Industries is a leading Indian manufacturer of precision metal components for critical applications. Through its subsidiary ATL, the company specialises in titanium and superalloy castings for aerospace and defence, catering to both domestic and international markets.

On November 18, 2024, PTC Industries share price opened at ₹11,300.00, touching the day’s high of ₹11,550.00 as of 10:46 AM on NSE.

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