PTC Industries Limited , a leading manufacturer of high-performance materials and engineered components, has announced a significant milestone in its partnership with BrahMos Aerospace Private Limited. The company has secured an order worth over ₹100 crores for supplying critical titanium components to BrahMos Aerospace, known for producing the world's fastest supersonic cruise missile.

Order Details

The order, disclosed in a press release, involves the supply of crucial titanium castings to BrahMos Aerospace. This development marks a substantial advancement in the ongoing collaboration between PTC Industries and BrahMos, which began in 2019.

Strategic Importance

This contract underscores PTC Industries' growing prominence in India's defense manufacturing sector. The company has been consistently supporting the BrahMos programme through the supply of specialized titanium components and raw materials, including titanium mill forms.

Alignment with National Initiatives

The order aligns with the Indian government's Aatmanirbhar Bharat initiative, promoting indigenization and technological self-reliance in the defense sector. PTC Industries' Chairman and Managing Director, Mr. Sachin Agarwal, emphasized the significance of this order, stating:

"We are honoured to announce this significant order from BrahMos Aerospace. It is a strong endorsement of our technological and manufacturing capabilities and long-standing commitment to India's strategic sectors."

Company Profile and Capabilities

PTC Industries has established itself as a trusted supplier to key defense organizations in India, including:

• Hindustan Aeronautics Limited (HAL)
• Defence Research and Development Organisation (DRDO)
• BrahMos Aerospace

The company's expertise extends beyond domestic markets, with exports of Titanium and Superalloy castings to global aerospace and defense OEMs such as Safran, Dassault Aviation, BAE Systems, and Israel Aerospace Industries (IAI).

Future Expansion

PTC Industries is poised for substantial growth with ongoing investments in its manufacturing capabilities. The company is developing a state-of-the-art facility at its 50-acre site in the Lucknow node of the Uttar Pradesh Defence Industrial Corridor. This new plant will feature a fully vertically integrated Titanium and Superalloy Mill, capable of producing aerospace-grade ingots, billets, bars, plates, and sheets in critical and strategic materials.

This latest order from BrahMos Aerospace not only strengthens PTC Industries' position in the defense manufacturing sector but also contributes to India's broader goals of self-reliance in critical technologies and materials for aerospace and defense applications.

PTC Industries Limited has reported a robust financial performance for the first quarter, alongside announcing a strategic partnership to bolster its aerospace manufacturing capabilities.

Strong Financial Performance

PTC Industries delivered impressive Q1 results, with total income soaring 113% year-over-year to ₹107.70 crores, up from ₹50.50 crores in the same period last year. The company's EBITDA saw a significant increase of 41%, reaching ₹19.40 crores. However, EBITDA margins compressed to 18.00% from 27.10% in the previous year.

Profit after tax (PAT) grew by 5% to ₹5.20 crores, although PAT margins declined to 4.80% from 9.70% year-over-year. This indicates that while the company has significantly expanded its revenue, it faced some pressure on profitability.

Subsidiary Performance

The company's subsidiary, Aerolloy Technologies, demonstrated exceptional growth with a 161% increase in revenue and impressive EBITDA margins of 61.60%. However, the UK subsidiary, Trac Precision Solutions, reported an EBITDA loss of GBP 4.55 million, attributed to supply chain constraints.

Strategic Partnership

In a significant development, PTC Industries has signed a Memorandum of Understanding (MoU) with Kineco Aerospace & Defence. This strategic collaboration aims to jointly develop and manufacture value-added aerospace components and structural assemblies.

The partnership brings together PTC's expertise in high-integrity castings and exotic materials like titanium and superalloys with Kineco's proven capabilities in lightweight composite structures for aerospace and defence applications.

Key aspects of the collaboration include:

• Co-development of hybrid aero structures combining composites and metallics
• Localization of critical aerospace components, including flight-critical parts
• Joint participation in global RFQs, especially for civil and defence programs
• Advanced R&D and technology transfer in collaboration with DRDO and other stakeholders

Management Commentary

Sachin Agarwal, Chairman and Managing Director of PTC Industries, commented on the partnership: "Together, PTC and Kineco will be able to offer integrated solutions across metallics and composites addressing critical needs of Indian and global OEMs. Both companies share a common vision: building an Atmanirbhar Bharat through high-precision engineering."

Other Notable Developments

• PTC Industries signed a memorandum of understanding with Safran Aircraft Engines for manufacturing military aircraft engine components.
• The company participated in the Paris Air Show.
• PTC achieved multiple quality certifications, including ISO 14001:2015 and ISO 45001:2018.

Outlook

Despite the challenges faced by its UK subsidiary, PTC Industries remains optimistic about its future performance. Chairman Sachin Agarwal stated that the company is on track to achieve its budgeted revenue and EBITDA targets for the year.

The strategic partnership with Kineco Aerospace & Defence is expected to play a vital role in supporting India's growing ambitions in civil aviation, air defence, and space sectors. This collaboration aims to accelerate indigenization and create value-added jobs and intellectual property within India's aerospace ecosystem.

As PTC Industries continues to expand its capabilities and forge strategic partnerships, it appears well-positioned to capitalize on the growing opportunities in the aerospace and defence sectors, both domestically and globally.