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PTC Industries has received a prestigious order from the Vikram Sarabhai Space Centre (VSSC), a key centre of the Indian Space Research Organisation (ISRO).
The order involves the conversion of 40 tonnes of Grade 1 Titanium sponge into Ti-6Al-4V Titanium alloy ingots, produced using a Double Vacuum Arc Remelting (Double VAR) process, meeting the stringent quality and purity requirements of space and aerospace applications.
Vacuum Arc Remelting (VAR) is a critical secondary melting process used for producing aerospace-grade Titanium alloys.
The value of the purchase order is reasonably significant and is expected to positively impact the company’s revenue, the exact order value has not been disclosed due to confidentiality clauses applicable to contracts placed by VSSC, a centre operating under the Department of Space (DoS), Government of India.
PTC Industries is a leading Indian manufacturer of precision metal components for critical applications. Through its wholly owned subsidiary Aerolloy Technologies, the company is manufacturing and supplying titanium and superalloy castings for aerospace and defence applications within India as well as for exports.
The company reported 4.79% growth in consolidated net profit to Rs 18.14 crore in Q2 FY26 as against Rs 17.31 crore posted in Q2 FY25. However, revenue from operations surged 72.21% year-on-year (YoY) to Rs 124.63 crore in the quarter ended 30 September 2025.
The counter shed 0.23% to Rs 17,829.45 on the BSE.
Lloyds Metals & Energy Ltd, MMTC Ltd, Coromandel International Ltd and Caplin Point Laboratories Ltd are among the other losers in the BSE's 'A' group today, 30 December 2025.
PTC Industries Ltd tumbled 5.43% to Rs 18150 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1148 shares were traded on the counter so far as against the average daily volumes of 1005 shares in the past one month.
Lloyds Metals & Energy Ltd crashed 5.40% to Rs 1313. The stock was the second biggest loser in 'A' group.On the BSE, 64941 shares were traded on the counter so far as against the average daily volumes of 36124 shares in the past one month.
MMTC Ltd lost 4.68% to Rs 67.35. The stock was the third biggest loser in 'A' group.On the BSE, 18.07 lakh shares were traded on the counter so far as against the average daily volumes of 7.92 lakh shares in the past one month.
Coromandel International Ltd plummeted 4.51% to Rs 2259.35. The stock was the fourth biggest loser in 'A' group.On the BSE, 37809 shares were traded on the counter so far as against the average daily volumes of 8566 shares in the past one month.
Caplin Point Laboratories Ltd shed 4.40% to Rs 1800. The stock was the fifth biggest loser in 'A' group.On the BSE, 17354 shares were traded on the counter so far as against the average daily volumes of 3146 shares in the past one month.
Hitachi Energy India Ltd, PTC Industries Ltd, Tips Music Ltd and Garware Hi Tech Films Ltd are among the other losers in the BSE's 'A' group today, 18 December 2025.
Ola Electric Mobility Ltd tumbled 5.83% to Rs 31 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 144.4 lakh shares were traded on the counter so far as against the average daily volumes of 47.82 lakh shares in the past one month.
Hitachi Energy India Ltd lost 4.87% to Rs 18225. The stock was the second biggest loser in 'A' group.On the BSE, 5605 shares were traded on the counter so far as against the average daily volumes of 4492 shares in the past one month.
PTC Industries Ltd crashed 4.60% to Rs 16651.2. The stock was the third biggest loser in 'A' group.On the BSE, 2383 shares were traded on the counter so far as against the average daily volumes of 842 shares in the past one month.
Tips Music Ltd pared 4.40% to Rs 526.3. The stock was the fourth biggest loser in 'A' group.On the BSE, 5538 shares were traded on the counter so far as against the average daily volumes of 14019 shares in the past one month.
Garware Hi Tech Films Ltd plummeted 4.06% to Rs 3419. The stock was the fifth biggest loser in 'A' group.On the BSE, 2925 shares were traded on the counter so far as against the average daily volumes of 4116 shares in the past one month.
Profit before tax (PBT) for the quarter stood at Rs 22.97 crore in Q2 FY26, up 4.26% from Rs 22.03 crore reported in Q2 FY25.
Total expenses jumped 86.96% to Rs 109.86 crore in Q2 FY26 over Q2 FY25. During the quarter, cost of raw materials & components consumed stood at Rs 103.46 crore, up 487.50% YoY, while employee benefits expense was at Rs 35.72 crore, up 359.12% YoY.
On half-year basis, the company's consolidated net profit rose 4.90% to Rs 23.29 crore on 86% increase in revenue to Rs 221.77 crore in H1 FY26 over H1 FY25.
The counter rose 0.33% to Rs 17,336.95 on the BSE.
The project will be carried out in line with the timelines agreed upon with GTRE. While the value of the purchase order is considered significant and expected to positively impact the company’s revenue, it has not been disclosed due to confidentiality.
The company clarified that neither its promoters nor any members of the promoter group have any interest in the awarding authority. It further confirmed that the transaction does not qualify as a related-party transaction under applicable regulations.
The official announcement was made on Friday, 24 October 2025, after market hours.
The company's consolidated net profit rose 5.3% to Rs 5.16 crore on 107.3% surge in net sales to Rs 97.15 crore in Q1 FY26 over Q1 FY25.