PTC Industries Ltd. — Earnings Release 2024

Nov 10, 2023

PTC INDUSTRIES LIMITED Advanced Manufacturing & Technology Centre NH 25A, Sarai Shahjadi, Lucknow 227 101 Uttar Pradesh, India

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Date: November 10, 2023

To

BSE Limited Department of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400 001

Dear Sir,

Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Press Release

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Press Release issued by the Company.

This is for your information and record.

Yours faithfully,

For PTC INDUSTRIES LIMITED

Digitally signed by Smita Agarwal Smita Agarwal Date: 2023.11.10 19:56:57 +05'30' Smita Agarwal Director and CFO DIN: 00276903

Place: Lucknow

CIN: L27109UP1963PLC002931 Tel: +91 522 7111017 | Fax: +91 522 2265302 | Email: info@ptcil.com | Website: www.ptcil.com

PTC INDUSTRIES LIMITED Advanced Manufacturing & Technology Centre NH 25A, Sarai Shahjadi, Lucknow 227101

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PTC Industries Reports Robust Q2 & H1 FY24 Consolidated Financial Results

Total Income for H1FY24 stood at Rs. 1,347 Mn, strong growth of 30.6% YoY

EBITDA at Rs. 411 Mn and PAT at Rs. 194 Mn, robust YoY growth of 32.5% and 84.6% respectively

Lucknow, Uttar Pradesh, 10 November 2023: PTC Industries Limited (herein referred to as “PTC”), a manufacturer of high-quality high-precision metal components for various critical and super-critical applications, today announced financial results for the quarter ended 30[th] September 2023.

Key Financial Highlights (Consolidated):

Particulars (Rs Mn) Q2FY24 Q2FY23 YoY	H1FY24 H1FY23 YoY
	1,347.0 1,031.5 30.6%
Total Income 602.8 559.7 7.7%
	411.1 310.3 32.5% 30.5% 30.1% 40 bps
EBITDA 184.5 190.2 -3.0%
EBITDA Margin % 30.6% 34.0% (340 bps)
	194.2 105.2 84.6% 14.4% 10.2% 420 bps
PAT 81.4 76.4 6.4%
PAT Margin % 13.5% 13.7% (20 bps)

 Total Income:

• Total Income at Rs. 602.8 Mn in Q2FY24 as compared to Rs. 559.7 Mn reported in Q2FY23; a growth of 7.7% YoY; Total Income during H1FY24 stood at Rs. 1,347.0 Mn compared to Rs. 1,031.5 Mn in H1FY23, a growth of 30.6% YoY

 EBITDA:

• EBITDA stood at Rs. 184.5 Mn in Q2FY24 as against Rs. 190.2 Mn in Q2FY23 with an EBITDA Margin of 30.6% in Q2FY24; EBITDA for H1FY24 stood at Rs. 411.1 Mn as compared to Rs. 310.3 Mn in H1FY23, 32.5% YoY growth with an EBITDA margin of 30.5% in H1FY24

 PAT:

• PAT stood at Rs. 81.4 Mn in Q2FY24 as compared to Rs. 76.4 Mn, a growth of 6.4% YoY; During H1FY24 PAT was at Rs. 194.2 Mn compared to Rs. 105.2 Mn in H1FY23 reporting a growth of 84.6% YoY

Update on Ongoing Capital Expenditure at Defence Industrial Corridor by Aerolloy Technologies

The company is acquiring the necessary equipment for its aerospace and defence integrated material manufacturing facility in the Lucknow node of the Uttar Pradesh Defence Industrial Corridor. This includes a Vacuum Arc Remelting furnace, an Electron Beam Cold Hearth Remelting furnace, a Plasma Arc Melting furnace, and a Vacuum Induction Melting furnace. With these acquisitions the Company shall have a unique capability for manufacture of strategic materials like Titanium Alloys and Nickel/Cobalt Superalloys in India.

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PTC INDUSTRIES LIMITED Advanced Manufacturing & Technology Centre NH 25A, Sarai Shahjadi, Lucknow 227101

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The current status of the CAPEX:

Particulars	Status
Foundation Completion:	The foundation work for the Vacuum Arc Remelting (VAR), Plasma Arc Melting (PAM) and other associated equipment has been completed. The foundation work for Electron Beam Cold Hearth Remelting (EBCHR) is underprogress.
PEB Structure Foundation:	The foundation work of the Pre-Engineered Building (PEB) structure has been completed.
Arrival of Equipment:	The VAR furnace, EBCHR furnace, Plasma Arc Melting (PAM) furnace, and Sponge Press have all safely arrived on site.

Speaking on the developments, Mr. Sachin Agarwal, Chairman & Managing Director, said: “PTC Industries is committed to its objective of achieving Parity in the country for a wide range of aerospace and defence applications. Through value-driven practices, strategic partnerships, technological advancements, and participation in prestigious events, we are making significant progress towards this goal. Our state-ofthe-art manufacturing facility being set up in the Lucknow node of the Uttar Pradesh Defence Industrial Corridor will create a unique capacity and capability for aerospace and defence manufacturing in India. While we continue to embrace challenges, uphold our core values, we are also deeply grateful to our shareholders for their unwavering support.”

About PTC Industries:

PTC Industries Limited is one of the world’s leading suppliers of high-precision metal components for critical and super-critical operations across a wide range of segments including Aerospace, Defence, and Industrial. The Company has invested in well-integrated manufacturing units having manufacturing facilities in Uttar Pradesh and Gujarat. In addition, an expansion is underway at the recently acquired 50 acres of land by its subsidiary Aerolloy Technologies Limited (ATL) located in the Lucknow node of the Uttar Pradesh Defence Industrial Corridor next to the Brahmos facility. The Company’s commitment to unmatched quality has helped it to emerge as a preferred partner to its customers across the world.

For more information, please contact:

PTC Industries Limited	Ernst & Young LLP
Smita Agarwal, Director & CFO	Vikash Verma / Abhishek Bhatt
www.ptcil.com	vikash.verma1@in.ey.com /abhishek.bhatt3@in.ey.com

DISCLAIMER:

Certain statements in this document that are not historical facts are forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political, or economic developments, industry risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forwardlooking statements. PTC Industries will not be responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

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