PTC Industries Ltd Share Price – NSE /  BSE

Castings, Forgings & Fastners, Small Cap

PTC Industries announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.

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The company added that this is the first time that IAI is sourcing such cast components from India.

Sachin Agarwal, chairman and managing director of PTC Industries said, Aerolloy Technologies is proud to share that it has received its first order from Israel Aerospace Industries for supply of titanium castings. This is yet another milestone for ATL and demonstrates the technological capabilities that the company has been building.

This is a significant achievement for the company, and we will now be working with one of Israel's leading organisations and a global leader. This new order has opened new opportunities for the company for exports to Israel in the defence and aerospace sectors.

Zeev Mivtzari, country head INDIA & CMD of Israel Aerospace Industries said, IAI sees itself as part of the Defence Ecosystem of India. We have more than 50 local companies that we are working with, and I am very happy to expand the local activity with PTC Industries for manufacturing of strategic materials. This is the way for IAI to expand its business and for India to actualize its self reliance policy.

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) and National Stock Exchange (NSE) in India.

The company's consolidated net profit decreased 56.6% to Rs 4.90 crore on 34.5% decline in net sales to Rs 46.87 crore in Q1 FY25 over Q1 FY24.

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PTC Industries has allotted 5,30,315 equity shares to eligible qualified institutional buyers at an issue price of Rs 13,199.70 per share including a premium of Rs 13,189.70 per share which takes into account a discount of Rs 694.72 per share on the floor price of Rs 13,894.42 per share (5% of the floor price), aggregating to Rs 699.99 crore, pursuant to the QIP.

With this allotment, the paid up equity share capital of the company stands increased to Rs 14,97,11,880 consisting of 1,49,71,188 equity shares.

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The company's board authorized and declared the opening of the issue on Wednesday, 28 August 2024.

The floor price of Rs 13,894.42 is at a discount of 6.37% to the previous day's closing price of Rs 14,779.90 on the BSE.

The company stated that it may offer a discount of not more than 5% on the floor price so calculated for the issue.

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) and National Stock Exchange (NSE) in India.

The company's consolidated net profit decreased 56.6% to Rs 4.90 crore on 34.5% decline in net sales to Rs 46.87 crore in Q1 FY25 over Q1 FY24.

Shares of PTC Industries slipped 3.24% to currently trade at Rs 14,301 on the BSE.

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