PTC India Ltd Share Price – NSE  /  BSE

Trading, Small Cap

The company will be established a green field defence testing facility in Lucknow Node of the UP Defence Industrial Corridor under the DTIS scheme. This facility, named ‘Advanced Materials (Defence) Testing Foundation’ is a collaborative effort among key industry players including Hindustan Aeronautics, Bharat Dynamics, Mishra Dhatu Nigam, Yantra India, PTC Industries and Uttar Pradesh Expressways Industrial Development Authority, with the land being provided by the Uttar Pradesh Expressway Industrial Development Authority.

The Government of India will fund 75% of the project cost, with the remaining 25% funded by the SPV members, totalling an approximate cost of Rs 53 crore.

Sachin Agarwal, chairman and managing director, PTC Industries said, “We are delighted to partner with the country's leading defence organizations under the DTIS scheme to establish the Advanced Materials (Defence) Testing Foundation in the Lucknow Node of the UP Defence Industrial Corridor. We extend our heartfelt gratitude to the Government of India and the Ministry of Defence for their visionary DTIS initiative and for setting up this facility within the UPDIC.

This state-of-the-art lab, one of its kind globally, marks a significant milestone in enhancing testing capabilities for advanced materials like Titanium and Super Alloys, ensuring superior quality and compliance with stringent defence standards. This collaborative effort strengthens our manufacturing capabilities and bolsters the defence manufacturing ecosystem in Uttar Pradesh and across India.

PTC Industries is a leading manufacturer of metal components for critical and super critical applications. The Company’s shares are listed on the Bombay Stock Exchange (BSE) in India

The company's consolidated net profit increased 59.89% to Rs 14.71 crore on 16.35% increase in net sales to Rs 72.41 crore in Q4 FY24 over Q4 FY23.

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Revenue from operations declined 2.36% year on year to Rs 3,371.74 crore in the quarter ended 31 March 2024.

Profit before exceptional items and tax was at Rs 150.87 crore in Q4 FY24, down 18.67% as against Rs 185.51 crore recorded in Q4 FY23. Exceptional loss stood at Rs 20.48 crore during the quarter.

The total volume climbed 10% to 18.02 billion units (BU) in the fourth quarter as compared to 16.39 billion units (BU) recorded in the corresponding period last year.

Meanwhile, the board recommended a dividend of Rs 7.80 for the financial year ended 2024.

On standalone basis, the company’s net profit tumbled 46.63% to Rs 82.90 crore on 1.84% fall in revenue to Rs 3216.24 crore in Q4 FY24 over Q4 FY23.

The core margin for Q4FY24 was at Rs 52.96 crore as compared to Rs 47.73 crore in Q4FY23, registering a growth of 11%.

For FY24, the company’s consolidated net profit rose marginally to Rs 427.27 crore as against Rs 423.29 crore posted in FY23. Revenue grew by 7.82% YoY to Rs 16439.37 crore in FY24.

Dr. Rajib K Mishra, Chairman & Managing Director, PTC India, said, Our strong performance across diverse market segments reinforces PTC's role as a pivotal force in the Indian power sector. By enhancing our core margin and expanding our trading volumes, we continue to deliver value to our stakeholders and drive sustainable growth.”

PTC India is principally engaged in trading of power. PTC holds Category I license from Central Electricity Regulatory Commission (CERC), the highest category with permission to trade unlimited volumes.

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Revenue from operations declined 2.36% year on year to Rs 3,371.74 crore in the quarter ended 31 March 2024

Profit before exceptional items and tax was at Rs 150.87 crore in Q4 FY24, down 18.67% as against Rs 185.51 crore recorded in Q4 FY23. Exceptional loss stood at Rs 20.48 crore during the quarter.

The total volume climbed 10% to 18.02 billion units (BU) in the fourth quarter as compared to 16.39 billion units (BU) recorded in the corresponding period last year.

Meanwhile, the board recommended a dividend of Rs 7.80 for the financial year ended 2024.

On standalone basis, the company’s net profit tumbled 46.63% to Rs 82.90 crore on 1.84% fall in revenue to Rs 3216.24 crore in Q4 FY24 over Q4 FY23.

The core margin for Q4FY24 was at Rs 52.96 crore as compared to Rs 47.73 crore in Q4FY23, registering a growth of 11%.

For FY24, the company’s consolidated net profit rose marginally to Rs 427.27 crore as against Rs 423.29 crore posted in FY23. Revenue grew by 7.82% YoY to Rs 16439.37 crore in FY24.

Dr. Rajib K Mishra, Chairman & Managing Director, PTC India, said, Our strong performance across diverse market segments reinforces PTC's role as a pivotal force in the Indian power sector. By enhancing our core margin and expanding our trading volumes, we continue to deliver value to our stakeholders and drive sustainable growth.”

PTC India is principally engaged in trading of power. PTC holds Category I license from Central Electricity Regulatory Commission (CERC), the highest category with permission to trade unlimited volumes.

The scrip rallied 3.81% to end at Rs 209.55 on the BSE.

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PTC India announced that the Board of Directors of the Company at its meeting held on 7 June 2024, inter alia, have recommended the final dividend of Rs 7.8 per equity Share (i.e. 78%) , subject to the approval of the shareholders.

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