PTC Industries Ltd. — Earnings Release 2024

Feb 13, 2024

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

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Date: February 13, 2024

To, National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra Kurla Complex, Bandra (E), Mumbai-400051

SYMBOL: PTCIL

To BSE Limited

Department of Corporate Services - Listing Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001

BSE Code: 539006

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

Smita Digitally signed by Smita Agarwal Date: 2024.02.13 Agarwal 18:50:06 +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 Q3 & 9M FY24 Consolidated Financial Results

Total Income for 9MFY24 stood at Rs. 1,938 Mn, strong growth of 18% YoY EBITDA at Rs. 601 Mn and PAT at Rs. 275 Mn, stellar YoY growth of 27% and 66% respectively

Lucknow, Uttar Pradesh, 13 February 2024: 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 31[st] December 2023.

Key Financial Highlights (Consolidated):

Particulars (Rs Mn)Q3FY24Q3FY23YoY	9MFY249MFY23YoY
Total Income590.6609.0(3.0) %	1,937.61,640.518.1%
EBITDA189.7161.417.5%	600.8471.727.4%31.0%28.8%220 bps
EBITDA Margin %32.1%26.5%560 bps
PAT80.860.932.5%	275.0166.165.5%
PAT Margin %13.7%10.0%370 bps	14.2%10.1%410 bps

• Total Income:

  • Total Income at Rs. 590.6 Mn in Q3FY24 as compared to Rs. 609.0 Mn reported in Q3FY23; Total Income during 9MFY24 stood at Rs. 1,937.6 Mn compared to Rs. 1,640.5 Mn in 9MFY23, a growth of 18.1% YoY

• EBITDA:

• EBITDA stood at Rs. 189.7 Mn in Q3FY24 as against Rs. 161.4 Mn in Q3FY23 with an EBITDA Margin of 32.1% in Q3FY24; EBITDA for 9MFY24 stood at Rs. 600.8 Mn as compared to Rs. 471.7 Mn in 9MFY23, 27.4% YoY growth with an EBITDA margin of 31.0% in 9MFY24

• PAT:

• PAT stood at Rs. 80.8 Mn in Q3FY24 as compared to Rs. 60.9 Mn, a growth of 32.5% YoY; During 9MFY24 PAT was at Rs. 275.0 Mn compared to Rs. 166.1 Mn in 9MFY23, a significant growth of 65.5% YoY

Key Business Updates during Quarter:

• Safran and PTC Industries sign contract to provide casting parts for the LEAP engine powering single-aisle jet: Under the terms of the contract, PTC Industries will produce titaniumcasting parts for Safran Aircraft Engines . This contract aligns with the Indian Government's "Make in India" initiative. Safran Aircraft Engines aims to cultivate an all-encompassing ecosystem for aero engines in India, which would bolster its global supply chain in preparation for increased LEAP production.

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

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• PTC Industries and Nasmyth (UK) sign MoU to vertically integrate supply chain solutions from India and provide global solutions to OEMs: This partnership paves the way for both companies to leverage their capabilities for offering solutions to defence and aerospace customers in India and globally. It also presents worldwide solutions for OEMs seeking suppliers for the mitigation of current supply chain risks, while simultaneously offering opportunities for capacity growth.

• Aerolloy Technologies has inked a Long-Term Purchase Agreement with Dassault Aviation to supply a comprehensive range of Titanium Cast parts for the Rafale Multirole fighter aircraft: Aerolloy Technologies, from 2024 onwards, will take the onus to manufacture the full range of Titanium casting parts not only for the Rafale multirole fighter aircraft but also for the Falcon business jet program. This multi-year contract highlights the Make in India initiatives in providing Titanium casting parts.

• PTC Industries and the HAL - Accessories Division, Lucknow, have entered into a MoU for cooperation for the indigenization of various aviation-grade raw materials, components, Spares, Sub-Assemblies & LRUs of Aircrafts being built by HAL: The purpose of this collaboration for both parties is mainly to share the expertise & capabilities relating to the needs of Aerospace Sector focusing Indigenization of spares, components, SRUs/ LRUs with larger perspective of making India ATMANIRBHAR in Aerospace Sector. This is in addition to the MOU signed with HAL – SED, Koraput for indigenisation of aviation grade Raw Materials, Components, Sub-systems and Systems of Russian origin aircraft.

Speaking on the developments, Mr. Sachin Agarwal, Chairman & Managing Director, said: "I am happy to announce that the quarter has been good for us. We have seen an uptick in our operating profitability during this quarter due to a shift in revenue towards high-margin products. We have also entered into several prestigious MoUs in the Aerospace and Defence sectors with esteemed names like Nasmyth and HAL along with the signing of long-term purchase agreements with Safran Aircraft Engines and Dassault Aviation. These collaborations will allow us to leverage our expertise for significant growth and progress in the future.

Our foray into the defence and aerospace sectors began a while ago, and we are now poised to see immense growth and promising developments. As we proceed on this journey, our vision of building a self-reliant Aatmanirbhar Bharat remains intact and prompts us to continue working with dedication and commitment. I'm filled with optimism about the exciting opportunities that lie ahead and the new heights we aim to reach.”

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

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About PTC Industries:

PTC Industries Limited is a leading Indian manufacturer of precision metal components for critical applications for over 60 years. Through its wholly owned subsidiary Aerolloy Technologies Limited, the company is manufacturing and supplying Titanium and Superalloy castings for Aerospace and Defence applications within India as well as for exports. The company is substantially expanding its Aerospace castings capability by making a multi-million-dollar investment in a new state-of-the-art manufacturing facility at the newly acquired 50 acres land in the Lucknow node of the Uttar Pradesh Defence Industrial Corridor. This facility will be a fully vertically integrated with a Titanium and Superalloy Mill, producing aerospace grade ingots, billets, bars, plates and sheets in these critical and strategic materials.

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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