PTC Industries Q1 FY2025 Results: Income Falls to ₹505.2 Million

On July 31, 2024, PTC Industries Limited, known for producing high-quality and precise metal components for critical and supercritical applications, shared its financial results for the quarter ending 30 June 2024.

In Q1 FY2025, PTC Industries Limited reported a total income of ₹505.2 million, down from ₹744.2 million in Q1 FY2024. This decrease is due to a temporary dip in sales caused by demand fluctuations and supply chain adjustments. However, the company is optimistic about stronger performance ahead.

The EBITDA for the quarter was ₹136.9 million, compared to ₹226.7 million in the same period last year, with an EBITDA margin of 27.1%. PAT for Q1 FY2025 was ₹49.0 million, a decline from ₹112.8 million in Q1 FY2024.

Key Business Updates for Q1 FY2025

• Advanced Casting Technology: Aerolloy Technologies Limited has developed cutting-edge technology for manufacturing Single Crystal and Directionally Solidified castings, including blades and vanes for aerospace applications. This makes PTC the only company in India and among the few worldwide with this capability.
• Defence Sector Partnership: PTC Industries has teamed up with leading defence firms under the DTIS scheme to support the ‘Make in India’ initiative. They are establishing the “Advanced Materials (Defence) Testing Foundation” in Lucknow, within the UP Defence Industrial Corridor.
• Ongoing CAPEX Update: PTC is building a state-of-the-art Strategic Materials Technology facility in Lucknow, set to become the world’s largest Titanium recycling and remelting centre. This facility will also manufacture Nickel/Cobalt Superalloys for the Aerospace and Defence sectors. Essential equipment for this facility has been acquired, and installation is underway for an Electron Beam Cold Hearth Remelting (EBCHR) furnace and Vacuum Induction Melting (VIM) furnace. The Vacuum Arc Remelting (VAR) and Plasma Arc Melting (PAM) furnaces have been successfully installed and are on track for commissioning in the second half of FY2025.

About PTC Industries Limited

PTC Industries Limited, a leading Indian maker of precision metal components for critical applications for over 60 years, is expanding its operations. Through its subsidiary, Aerolloy Technologies Limited, the company produces and supplies titanium and superalloy castings for aerospace and defence, both in India and abroad.

On August 01, 2024, PTC Industries Limited’s share price opened at ₹13,939.00, touching the day’s low at ₹13,600.05, as of 10:44 AM on the NSE.

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