PTC Industries Reports Strong Financial and Strategic Growth in Q2FY25

Lucknow, 16 November 2024 – PTC Industries Limited, a leading manufacturer of high-precision metal components, reported stellar Q2FY25 financial results and highlighted major strategic milestones.

Financial Performance Overview

Key Metrics (₹ Mn):

• Total Income: ₹807.9 Mn, a 34% YoY increase from ₹602.8 Mn in Q2FY24.
• EBITDA: ₹296.6 Mn, reflecting a 61% YoY growth with margins expanding to 36.7% (up 611 bps).
• PAT: ₹173.1 Mn, marking an exceptional 113% YoY growth over ₹81.4 Mn.

For H1FY25, Total Income stood at ₹1,313.1 Mn, EBITDA at ₹433.5 Mn (up 5.4%), and PAT at ₹222.0 Mn (up 14.3%).

Strategic Highlights

1. Acquisition of Hot Rolling Mill
   PTC Industries has acquired a state-of-the-art Hot Rolling Mill from the USA to manufacture Titanium Alloy Plates and Sheets. This capability is crucial for applications in Aerospace and Defence sectors.

   • The facility complements PTC’s upcoming Lucknow plant in the Uttar Pradesh Defence Industrial Corridor, establishing a vertically integrated value chain.
   • This expansion positions PTC to produce thinner, high-value titanium sheets, enhancing profitability and market competitiveness.

2. Contracts with Global Defence Giants

   • Israel Aerospace Industries (IAI): PTC’s subsidiary, Aerolloy Technologies, will supply Titanium cast components for aerospace applications. This is the first instance of IAI sourcing such components from India, showcasing PTC’s capabilities.
   • BAE Systems: PTC secured a major order for Titanium castings for the M777 Ultra-Lightweight Howitzer, including Spade Trails and Blades. This contract underscores PTC’s excellence in delivering critical components for sophisticated defence platforms.

3. Expansion in the Lucknow Node
   PTC is making multi-million-dollar investments in its new facility in Lucknow. This integrated plant will produce:

   • Aerospace-grade Titanium and Superalloy ingots, billets, bars, plates, and sheets.
   • Critical materials essential for e-mobility and defence applications.

Statements from Leadership

• Mr. Sachin Agarwal, Chairman & Managing Director:
  “Q2FY25 has been a transformative period for PTC Industries. Our acquisition of a Hot Rolling Mill enhances our production capabilities and strengthens our titanium value chain. Prestigious contracts with IAI and BAE Systems reaffirm our position as a trusted supplier in the global defence market. We remain committed to innovation and excellence.”

• Ms. Smita Agarwal, Director & CFO:
  “Our financial performance reflects strong operational execution and strategic foresight. The EBITDA margin expansion and PAT growth underline our efficiency and value creation for stakeholders.”

Outlook

With growing demand for advanced materials in Aerospace and Defence, PTC is well-positioned to leverage its:

• Enhanced production capabilities.
• Expanded global partnerships.
• Strategic presence in the Uttar Pradesh Defence Industrial Corridor.

PTC's focus on innovation and sustainability ensures it remains a key contributor to India's role in the global semiconductor and defence value chains.

About PTC Industries
PTC Industries Limited specializes in high-quality metal components for critical applications, including aerospace, defence, and e-mobility. Through its subsidiary Aerolloy Technologies, PTC is setting benchmarks in Titanium and Superalloy manufacturing. The company operates a 50-acre advanced manufacturing facility in Lucknow, contributing to India's growing defence and aerospace ecosystem.

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