PTC Industries Q2 PAT Doubles to Rs 17 cr - Business News
By Rediff Money Desk, New Delhi Nov 18, 2024 18:54
PTC Industries' profit after tax (PAT) more than doubled to Rs 17.3 crore in the September 2024 quarter, driven by higher revenue. The company's total income increased by 34% to Rs 80.8 crore.
New Delhi, Nov 18 (PTI) Engineering components maker PTC Industries on Monday said its PAT more than doubled to Rs 17.3 crore in the September 2024 quarter, helped by higher income.
It had posted a Rs 8 crore profit after tax (PAT) in the July-September period of the preceding 2023-24 financial year, the company said in an exchange filing.
The total income rose 34 per cent Rs 80.8 crore from 60.3 crore in the second quarter last fiscal.
Its Chairman and Managing Director Sachin Agarwal, "Q2FY25 has been a period of strategic growth for our company. Our acquisition of a state-of-the-art hot rolling mill from the USA will significantly enhance our production capabilities, allowing us to produce advanced titanium alloy plates and sheets for the aerospace and defence sectors".
Shares of the company ended 0.55 per cent higher at Rs 11,152.60 apiece on BSE on Monday.
It had posted a Rs 8 crore profit after tax (PAT) in the July-September period of the preceding 2023-24 financial year, the company said in an exchange filing.
The total income rose 34 per cent Rs 80.8 crore from 60.3 crore in the second quarter last fiscal.
Its Chairman and Managing Director Sachin Agarwal, "Q2FY25 has been a period of strategic growth for our company. Our acquisition of a state-of-the-art hot rolling mill from the USA will significantly enhance our production capabilities, allowing us to produce advanced titanium alloy plates and sheets for the aerospace and defence sectors".
Shares of the company ended 0.55 per cent higher at Rs 11,152.60 apiece on BSE on Monday.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 8.29 ( -0.84)
- 38643247
- Srestha Finvest
- 0.63 (+ 5.00)
- 36611024
- Home First Finance
- 1,074.55 (+ 2.10)
- 22560337
- G G Engineering
- 1.85 ( -0.54)
- 20632419
- Ola Electric Mobilit
- 93.26 (+ 6.68)
- 14710812
MORE NEWS
FSSAI Reclassifies Packaged Water as High-Risk,...
The FSSAI has reclassified packaged drinking water as a high-risk food category,...
Sebi Bans 'Baap of Chart' & 6 Others for...
Sebi has banned 'Baap of Chart' and six others for one year for providing unregistered...
RBI Urges Banks to Reduce Inoperative Accounts
The RBI has directed banks to reduce inoperative accounts urgently, citing concerns...