PTC Industries reported a significant 112% jump in net profit for the July-September 2024 quarter, reaching ₹17.31 crore, compared to ₹8.14 crore in the same period last year. The company’s robust performance was supported by strong revenue growth and a boost in total income.
Revenue from operations climbed 25.84% to ₹72.36 crore, up from ₹57.51 crore in the corresponding quarter of the previous year. Total income for the quarter stood at ₹80.78 crore, a sharp increase from ₹60.28 crore in Q2 FY24.
However, expenses also saw an uptick, rising to ₹58.75 crore compared to ₹49.78 crore in the same period a year ago.
Earlier in September, PTC’s subsidiary, namely Aerolloy Technologies, received a sizeable order from Israel Aerospace Industries-Issuing for supplying products of titanium cast components in aerospace applications. This falls in line with the company’s expertise in providing metal components of high precision to critical sectors such as aerospace, Defence, and Industrial Operations.
With manufacturing facilities in Uttar Pradesh and Gujarat, PTC Industries has reinvented its presence in international markets by capitalizing on advanced manufacturing capabilities.
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Source: Moneycontrol
News Desk
