Mukul Agrawal Invested Multibagger Defence Stock Declares Stellar Growth In Q2 Results

For the quarter and a half that ended on September 30, 2024, PTC Industries Limited, a producer of premium high-precision metal components for a range of critical and super-critical applications, has released its financial results. The total income increased 34.0% year on year to Rs. 807.9 million in Q2FY25 from Rs. 602.8 million in Q2FY24. Compared to Rs. 1,347.0 Mn in H1FY24, the total income for H1FY25 was Rs. 1,313.1 Mn.

EBITDA increased 60.8% year on year to Rs. 296.6 Mn in Q2FY25 from Rs. 184.5 Mn in Q2FY24. EBITDA for H1FY25 increased 5.4% year over year to Rs. 433.5 Mn from Rs. 411.1 Mn. The EBITDA margin increased 611 basis points in Q2 of FY25 and 249 basis points in H1 of FY25, from 36.7% to 33.0%.

In the second quarter of FY25, PAT was Rs. 173.1 million, up 112.7% year over year from Rs. 81.4 million. PAT for H1FY25 increased 14.3% year over year to Rs. 222.0 Mn from Rs. 194.2 Mn.

Speaking on the Q2FY25 Performance, Mr. Sachin Agarwal, Chairman & Managing Director, said: "I am happy to announce that Q2FY25 has been a period of good strategic growth for our company. Our acquisition of a state-of-the-art Hot Rolling Mill from the USA will significantly enhance our production capabilities, allowing us to produce advanced Titanium Alloy Plates and Sheets for the Aerospace and Defence sectors. This development, in synergy with our upcoming new facility in Lucknow, will help us establish a vertically integrated value chain that is unparalleled in the global market."

"Additionally, we have secured prestigious contracts with Israel Aerospace Industries and BAE Systems, further solidifying our reputation as a trusted supplier of critical Titanium castings for cutting-edge defence platforms. Our commitment to excellence is also reflected in our strategic hiring of senior personnel, ensuring that our team is equipped to meet the challenges and opportunities ahead. We look forward to continuing our trajectory of innovation and growth, delivering value to our stakeholders," he further added.

For more than 60 years, PTC Industries Limited has been a top producer of precision metal components for vital uses throughout India. The firm produces and supplies titanium and superalloy castings for aerospace and defence applications both domestically in India and internationally through its fully owned subsidiary Aerolloy Technologies Limited.

In the quarter ended 30th September 2024, ace investor Mukul Mahavir Agrawal owned 1,60,000 equity shares in PTC Industries which is 1.07% fully paid up share capital of the company.