Latest News | PTC Industries Q2 PAT Doubles to Rs 17 Cr

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.

Also Read | Latest Government Jobs Notifications: ITBP Invites Applications for 27 Assistant Surgeon Posts, Apply Online at itbpolice.nic.in; Know Recruitment Process, Eligibility and Other Details.

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".

Also Read | Shillong Teer Results Today, November 18 2024: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai.

Shares of the company ended 0.55 per cent higher at Rs 11,152.60 apiece on BSE on Monday.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)