The shares of the prominent manufacturer of metal components gained up to 3 percent in today’s trading session after the company’s subsidiary inked a Memorandum of Understanding (MOU) for the defence aerospace ecosystem in India.
With a market capitalization of Rs 21,730.95 crore, the shares of PTC Industries Ltd were trading at Rs 14,502.65 per share, decreasing around 1.62 percent as compared to the previous closing price of Rs 14,741.35 apiece.
According to the company filing, PTC Industries’ subsidiary, Aerolloy Technologies, inked a Memorandum of Understanding (MOU) with Safran Aircraft Engines to develop cooperation on the manufacturing of components and materials for military aircraft engines.
Moreover, the MoU supports the “Make in India” initiative, strengthening Safran’s plan to build a full aeroengine ecosystem locally. Building on their existing collaboration for LEAP engines, ATL and Safran aim to expand into military aircraft engines, deepening their partnership to meet India’s current and future defence needs.
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ATL, a fully owned subsidiary of PTC Industries Ltd, focuses on producing high-performance castings and materials for aerospace use. Safran Aircraft Engines, on the other hand, is involved in the design, development, manufacturing, and maintenance of both civil and military aircraft engines, highlighting a strong synergy between the two.
Looking forward to the company’s financial performance, revenue increased by 69 percent from Rs 72 crore in Q4FY24 to Rs 122 crore in Q4FY25. Further, during the same time frame, net profit increased by 67 percent from Rs 15 crore to Rs 25 crore.
The company is installing a state-of-the-art Large Titanium Casting Vacuum Arc Remelter (VAR) from ALD Germany, with a 400 kg melt capacity and 300-tonne annual output. It can handle castings up to 1,700 mm with 3 mm wall thickness. Commissioning is set for September 2025. It will develop critical alloys like Ti6Al4V and Ti6242.
PTC Industries Limited is engaged in the business of manufacturing and selling high-precision metal castings. The Company manufactures products for various critical applications for a range of industries, including aerospace, defense, oil and gas, liquefied natural gas (LNG), ships and marine, valves and flow-control, power plants, and others.
Written by Abhsihek Singh
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