PTC Industries (539006) Q4 18/19 earnings summary

Executive summary

• FY19 marked the first phase of commercial production at AMTC, driving record revenue and stronger profitability as new capacity began contributing.

• Growth strategy centers on advanced manufacturing, automation and diversification into high-integrity metal components for critical applications.

Financial highlights

• Revenue from operations rose 49.3% to ₹151.25 crore in FY19 from ₹101.33 crore; total income was ₹155.47 crore.

• PAT increased 47% to ₹10.92 crore from ₹7.44 crore; EPS advanced to ₹20.83 from ₹14.20.

• Profit before finance cost, depreciation, amortisation, exceptional items and tax rose 55% to ₹28.35 crore; as a share of revenue, it improved to 18.7% from 18.0%.

• EBITDA margin excluding other income reached 16%, versus 15.2% in FY18.

• Finance costs increased 129.2% to ₹9.21 crore, reflecting higher borrowings and interest expense recognized after AMTC interest capitalization ended in June 2018.

Outlook and guidance

• Growth expectations are supported by rising AMTC capacity utilization and commercialization of newer technologies; margin improvement is expected as automation and operational efficiencies scale.

• Proposed performance improvement of 25–30% over the next 2–3 years was linked to higher sales, improved technology and processes, and a shift toward higher-realization products.

• AMTC phase I began commercial production in June 2018; further investment is planned to commercialize the next phase.