On Monday, November 18, intraday trading saw a 4.3% increase in shares of PTC Industries, a manufacturer of engineering components, to ₹11,550 following the release of the company’s impressive September-ending quarter financials. Additionally, this increase put an end to the stock’s three-day run of declines.
The total income increased 34% year over year (YoY) to ₹80.79 crore in Q2 FY25 from ₹60.28 crore in Q2 FY24. Compared to ₹134.70 crore in H1FY24, the overall income for H1FY25 was ₹131.31 crore.
EBITDA increased 60.8% year over year to ₹29.66 crore in Q2 FY25 from ₹18.45 crore in Q2 FY24. EBITDA increased 5.4% year over year to ₹43.35 crore for H1FY25 from ₹41.11 crore.
The EBITDA margin increased 611 basis points in Q2 FY25 and 249 basis points in H1 FY25, from 36.7% to 33.0%. The net profit increased by 112.7% YoY to ₹17.31 crore in Q2 FY25 from ₹8.14 crore in Q2 FY24. PAT for H1FY25 increased 14.3% year over year to ₹22.20 crore from ₹19.42 crore.
In order to increase the manufacturing of titanium alloy components for the aerospace and defence industries, the company purchased a hot rolling mill during the quarter. Additionally, Israel Aerospace Industries (IAI) placed an order with it for the delivery of titanium cast parts for use in aircraft. IAI is importing these cast components from India for the first time.
Furthermore, BAE Systems awarded the business a sizable contract to supply titanium castings for the M777 Ultralightweight Howitzer.
According to PTC Industries’ shareholding pattern for Q2FY24, top investor Mukul Agrawal owns 1.60 lakh shares or 1.07% of the company’s total paid-up capital. It is noteworthy, nevertheless, that Agrawal has somewhat reduced his shareholding, which was 1.16% in Q1 of FY25.
Since September 2022, Mukul Agrawal has had PTC Industries shares in his portfolio, per Trendlyne data. The stock has risen astronomically over this time, increasing by 375% so far.
The stock first crossed the ₹15,000 threshold in July, when it hit an all-time high of ₹15,650 per share. The company has been facing profit booking after an unrelenting surge, and it is currently trading 28% below its most recent top.
“Along with the broader market, the stock prices have corrected in the last couple of months. As of now, it’s placed around a long-term support of 200 DSMA. On Thursday, prices attempted a bounce, but today the follow-up move is not visible. 11000 remains a key support and moves beyond 11500 would trigger a bounce back towards 12500. Whereas a break below 11000 would extend weakness towards 10000,” said Rajesh Bhosale, equity technical and derivative analyst at Angel One.
