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Profit before tax rose by 266% year on year to Rs 14.86 crore in the quarter ended 30 June 2023. Additionally, the EBITDA for the same period was Rs 22.67 crore, showing a 88.8% increase from the previous year's quarter. EBITDA margin stood at 30.5% for Q1 FY24, higher than 25.5% for Q1 FY23 and 30.2% in Q4 FY23.
Total expenses rose 47.1% to Rs 51.75 crore in Q1 June 2023 over Q1 June 2022. During the quarter, cost of materials consumed stood at Rs 15.77 crore (up 32.6% YoY) while employee benefits expense was at Rs 7.53 crore (up 37.4% YoY).
Sachin Agarwal, chairman & managing director, said: "We are delighted to begin the new fiscal year with a robust financial performance in Q1FY24. Notably, we also participated in the International Paris Air Show 2023 during this quarter where we showcased our exceptional capabilities and
leading-edge technologies. Building on this momentum, I am pleased to share that Aerolloy Technologies, PTC's wholly-owned subsidiary achieved yet another milestone in Q1FY24 by receiving approval from Israel Aerospace Industries (IAI) for the supply of cast components dedicated to Aerospace applications. This accomplishment is noteworthy as it marks IAI's first engagement in sourcing cast components from India.
Additionally, PTC was honoured to be a part of the historic Chandrayaan 3 mission by ISRO and Vikram Sarabhai Space Centre with the supply of the Pump Interstage Housing manufactured by us. Another key highlight of this quarter is PTC's listing on the National Stock Exchange, India's foremost trading platform that extends nationwide access and enhanced trading options, thereby increasing liquidity for investors across the country. Our unrelenting pursuit of parity, acquisition of unique competencies, and unwavering confidence shall continue to drive us towards even more remarkable milestones in the future."
PTC Industries manufactures high-quality high-precision metal components for various critical and super-critical applications.
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