PTL Enterprises , a company primarily engaged in leasing its plant to Apollo Tyres Ltd., has reported its financial results for the first quarter. The company's Board of Directors approved the unaudited financial results in a recent meeting.

Financial Highlights

• Net Profit: PTL Enterprises posted a net profit of 92.00 million rupees in Q1, representing a significant increase of 77% from 52.00 million rupees in the same period last year.
• Revenue: The company's revenue remained flat at 161.00 million rupees compared to the previous year's corresponding quarter.
• Earnings per Share: PTL Enterprises reported earnings per share of 2.74 rupees for the quarter.
• Primary Income: The company's operations primarily comprise income from lease of plant to Apollo Tyres Ltd.

Board and Committee Changes

Board Changes

Mr. Birendra Kumar Singh, an Independent Director, will cease to be a member of the Board effective August 10, upon the expiry of his second term of 5 years.

Committee Restructuring

Following Mr. Singh's departure, the Board has made the following appointments to various committees:

• Mr. Ranganayakulu Jagarlamudi joins the Audit Committee
• Mrs. Sonali Sen joins the Nomination & Remuneration Committee
• Mr. Tapan Mitra joins the Committee of Directors (Investments/Loans) and becomes the Chairman of the Business Responsibility Committee

Mr. Singh will also step down from his positions on the Audit Committee, Nomination and Remuneration Committee, Committee of Directors (Investments/Loans), and Business Responsibility Committee.

These changes aim to maintain the company's compliance with regulations and ensure continued effective corporate governance.

PTL Enterprises' financial results and board changes reflect the company's commitment to transparency and adherence to corporate governance standards. The stable business model of leasing its plant to Apollo Tyres Ltd. continues to be the primary driver of the company's financial performance.

PTL Enterprises Limited, a company primarily engaged in leasing its plant to Apollo Tyres Ltd., has released its unaudited financial results for the quarter ended June 30, 2025, along with significant changes to its board composition.

Financial Performance

For the quarter ended June 30, 2025, PTL Enterprises reported:

The company's revenue from operations remained stable at ₹1,608.31 lakhs compared to the same quarter last year. However, other income saw a significant increase of 87.21%, rising from ₹5.71 lakhs to ₹10.69 lakhs.

PTL Enterprises demonstrated improved profitability, with profit after tax surging by 76.29% to ₹922.08 lakhs, up from ₹523.05 lakhs in the corresponding quarter of the previous year. This substantial increase in profit was primarily driven by a reduction in total expenses and higher other income.

The company's earnings per share (EPS) also showed a marked improvement, increasing from ₹0.40 in Q1 2024-25 to ₹0.70 in Q1 2025-26, representing a 75% growth.

Board and Committee Changes

PTL Enterprises announced several changes to its board and committee compositions:

1. Departure of Mr. Birendra Kumar Singh: Mr. Singh, an Independent Director, will cease to be a member of the Board effective August 10, 2025, following the completion of his second five-year term. Consequently, he will also step down from his positions on various committees.

2. New Committee Appointments:

   • Mr. Ranganayakulu Jagarlamudi, a Non-Executive Independent Director, has been appointed as a member of the Audit Committee.
   • Mrs. Sonali Sen, a Non-Executive Independent Director, has joined the Nomination & Remuneration Committee.
   • Mr. Tapan Mitra, also a Non-Executive Independent Director, has been appointed as a member of the Committee of Directors (Investments/Loans) and as the Chairman of the Business Responsibility Committee.

These changes are in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor's Review

SCV & Co. LLP, the statutory auditors, have expressed an unmodified conclusion on the quarterly unaudited financial results. They noted that the figures for the quarter ended March 31, 2025, are the balancing figures between audited figures for the full financial year and the published year-to-date figures up to the third quarter of the previous financial year.

PTL Enterprises continues to operate predominantly in one business segment: income from the lease of its plant to Apollo Tyres Ltd. The company's financial results have been prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under section 133 of the Companies Act 2013.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on August 7, 2025.