The company in an exchange filing said the order is for the development, integration and supply of a strategic missile sub-system for the BrahMos programme.
PTC Industries said this is the first major order of its kind and marks the company’s movement further downstream from critical materials and precision components into high-value systems and sub-systems integration for advanced defence and aerospace platforms.
The order involves a complex, mission-critical structural assembly required to perform under demanding supersonic structural, thermal and dynamic conditions, it said.
PTC Industries said the order represents its entry into a higher-value part of the defence manufacturing chain — systems and sub-systems integration.
It said the scope requires complex integration capability, combining precision manufacturing, specialized joining, fluid-system integrity, control assemblies, structural accuracy, inspection discipline and high-reliability execution.
For the March quarter, PTC Industries had reported a revenue growth of 85% from last year. Even on a sequential basis, the topline had grown 45%.
Earnings Before Interest, Tax, Depreciation and Amortisation had more than doubled in value, rising 150% from last year and 190% sequentially.
EBITDA margins for the quarter expanded to 32.18% from 23.77% last year.
Shares of PTC Industries are looking to recover from the lows of the day, currently trading 0.7% lower at ₹17,432. The stock is down 5% so far this year. The stock is down 12% from its 52-week high of ₹19,851.
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