PTC Industries Limited Reports Strong Financial Performance in FY24

On May 30, 2024, PTC Industries Limited, a renowned producer of precision metal components and materials crucial for various critical and super-critical uses, disclosed its financial outcomes for the quarter concluding on March 31, 2024.

Financial Performance Highlights

In Q4 FY 2024, total income reached ₹765.0 million, a 22.0% YoY increase from ₹626.9 million in Q4 FY 2023. For FY 2024, total income stood at ₹2,702.6 million, reflecting a 19.2% YoY growth from ₹2,267.3 million in FY 2023.

EBITDA for Q4 FY 2024 amounted to ₹259.5 million, up by 37.0% YoY from ₹189.4 million in Q4 FY 2023, with an EBITDA margin of 33.9%. FY 2024 EBITDA stood at ₹860.5 million, indicating a 30.1% YoY increase from ₹661.1 million in FY 2023, with an EBITDA margin of 31.8%.

PAT in Q4 FY 2024 was ₹147.2 Mn, a robust 59.9% YoY growth from ₹92.0 million in Q4 FY 2023. For FY 2024, PAT amounted to ₹422.2 million, marking a substantial 63.5% YoY increase from ₹258.2 million in FY 2023.

These results underscore PTC Industries’ strong operational performance and strategic initiatives, positioning the company for continued growth and success in its industry.

Q4 FY 2024 Business Updates

Sustainable Titanium Manufacturing:
PTC Industries is pioneering green Titanium™ production, utilising EBCHR and PAM technology for aviation-grade Titanium alloys. This eco-friendly approach involves remelting titanium scrap, which aligns with global aviation industry sustainability goals.

Joint Venture Success:
PTC invests in a Section 8 Company Joint Venture, partnering with key industry players to develop Defence Testing Infrastructure. PTC’s 20% shareholding demonstrates its commitment to bolstering defence capabilities.

Ongoing CAPEX Progress:
PTC is progressing in setting up its Strategic Materials Technology Complex and acquiring state-of-the-art aerospace and defence material manufacturing equipment.

About PTC Industries Limited

PTC Industries Limited, a prominent Indian manufacturer with a legacy of over six decades, specialises in producing precision metal components crucial for critical applications. Operating under its wholly-owned subsidiary, Aerolloy Technologies Limited, the company manufactures and distributes Titanium and Superalloy castings tailored to the Aerospace and Defence sectors, catering to domestic and international markets.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.