PTC Industries reported a 97.4% year-on-year increase in consolidated revenue from operations to ₹1,918.0 crore (₹19,179.75 lakh) for the quarter ended June 30, 2026. The significant growth was driven by a surge in sales of products to ₹1,906.8 crore from ₹961.4 crore in the corresponding period last year.

The company’s profit before tax stood at ₹367.5 crore (₹3,674.65 lakh), up 305.9% from ₹90.5 crore (₹905.42 lakh) in Q1FY26. Net profit for the period rose to ₹291.9 crore (₹2,919.27 lakh) from ₹51.6 crore (₹515.56 lakh), marking a substantial improvement in bottom-line performance.

Financial performance highlights

The strong top-line growth translated into improved margins, with EBITDA (Profit before finance cost, depreciation and amortisation) rising to ₹542.1 crore (₹5,421.27 lakh) from ₹193.5 crore (₹1,935.21 lakh). The EBITDA margin expanded significantly as revenue nearly doubled while cost of materials consumed increased at a slower pace relative to the revenue jump.

What the numbers show

A key divergence is visible between the robust operational growth and the decline in other income. While operating revenue surged by 97.4%, other income fell 49.7% to ₹53.2 crore (₹531.59 lakh) from ₹105.7 crore (₹1,056.69 lakh). This reduction was primarily due to lower interest income from bank deposits, which dropped to ₹33.6 crore from ₹63.1 crore, and a decrease in net foreign exchange gains. Despite this headwind, the core business momentum was strong enough to drive a massive expansion in pre-tax profits.

Balance sheet and cash flow trends

The company’s total assets grew to ₹1,999.9 crore (₹1,99,987.24 lakh) from ₹1,956.2 crore (₹1,95,624.67 lakh) as on March 31, 2026. Non-current assets expanded notably, driven by an increase in capital work-in-progress to ₹358.9 crore and other financial assets to ₹76.5 crore. Current assets decreased slightly to ₹809.4 crore, largely due to a reduction in trade receivables to ₹241.7 crore from ₹273.9 crore.

Operating cash flow turned positive, generating ₹442.5 crore (₹4,424.98 lakh) compared to a negative outflow of ₹345.4 crore (₹3,454.20 lakh) in the same period last year. This shift reflects improved working capital management, particularly in receivables collection, alongside higher profitability.

QIP context

This financial information has been prepared specifically for inclusion in the placement document for a proposed Qualified Institutions Placement (QIP) of equity shares. The Board approved these special purpose condensed interim consolidated financial statements on October 5, 2026, to comply with SEBI ICDR Regulations, 2018.

PTC Industries Limited shareholders approved the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, during the company's 63rd Annual General Meeting (AGM). The meeting, held virtually on September 30, 2026, also saw the reappointment of Smita Agarwal as a director liable to retire by rotation.

The proceedings were conducted through video conferencing in compliance with the Companies Act, 2013 and SEBI regulations. The meeting commenced at 3:00 pm and concluded at 3:25 pm. The Chairman, Sachin Agarwal, welcomed attendees and confirmed the presence of the requisite quorum before calling the meeting to order.

Voting outcomes

All three agenda items were passed as ordinary resolutions with significant majority support. The adoption of financial statements received assent from 94.18% of votes cast, while the reappointment of the director garnered near-unanimous support at 99.94%. Ratification of remuneration for cost auditors was approved by 100% of voting members.

Meeting details and participation

The AGM was attended by key board members including Priya Ranjan Agarwal, Director (Marketing); Smita Agarwal, Director and CFO; and Alok Agarwal, Director (Quality & Technical). Independent directors Kamesh Gupta, Rakesh Shukla, Vishal Mehrotra, and Prashuka Jain were also present. Statutory auditors from M/s S. N. Dhawan & Co. LLP submitted their report without qualifications.

Voting rights were reckoned based on holdings as of the cut-off date, September 23, 2026. Remote e-voting was open from September 27 to September 29, 2026, facilitated by Central Depositories Services (India) Limited. Amit Gupta of M/s Amit Gupta & Associates served as the scrutinizer for the voting process.

What the numbers show

The voting data reveals a divergence in shareholder sentiment across resolutions. While the reappointment of a director and administrative ratifications achieved near-total consensus (99.94% and 100% assent respectively), the adoption of financial statements saw 5.82% dissent. This suggests that while confidence in management continuity remains high, a minority of shareholders may have had specific concerns regarding the FY26 financial disclosures or performance metrics.