Mukul Agrawal Portfolio: Shares of PTC Industries, an engineering part producer, surged 4.3% to ₹11,550 in intraday commerce on Monday, November 18, after the corporate reported a powerful set of numbers for the September-ending quarter. This rise additionally ended a three-day consecutive decline for the inventory.
Complete earnings stood at ₹80.79 crore in Q2 FY25, up from ₹60.28 crore in Q2 FY24, marking a development of 34% year-on-year (YoY). The whole earnings for H1FY25 stood at ₹131.31 crore, in comparison with ₹134.70 crore in H1FY24.
EBITDA stood at ₹29.66 crore in Q2 FY25, up from ₹18.45 crore in Q2 FY24, reflecting a development of 60.8% YoY. EBITDA for H1FY25 stood at ₹43.35 crore, in comparison with ₹41.11 crore, displaying a development of 5.4% YoY.
The EBITDA margin for Q2 FY25 was 36.7%, and for H1 FY25 it was 33.0%, reflecting development of 611 bps and 249 bps, respectively. The online revenue stood at ₹17.31 crore in Q2 FY25, in comparison with ₹8.14 crore in Q2 FY24, a sturdy development of 112.7% YoY. PAT for H1FY25 was ₹22.20 crore, towards ₹19.42 crore, a development of 14.3% YoY.
In the course of the quarter, the corporate acquired a scorching rolling mill to boost the manufacturing of titanium alloy parts for the aerospace and defence sectors. It additionally acquired an order from Israel Aerospace Industries (IAI) for the provision of titanium-cast parts for aerospace purposes. That is the primary time that IAI is sourcing such solid parts from India.
Moreover, the corporate secured a major contract from BAE Techniques to ship titanium castings for the M777 Ultralightweight Howitzer.
Mukul Agrawal’s portfolio inventory
As per the shareholding sample of PTC Industries for Q2FY24, ace investor Mukul Agrawal holds 1.60 lakh shares within the firm, which constitutes 1.07% of the overall paid-up capital. Nonetheless, it’s price noting that Agrawal has trimmed his stake barely, because it stood at 1.16% in Q1 FY25.
Based on Trendlyne information, Mukul Agrawal has been holding PTC Industries inventory in his portfolio since September 2022. Over this era, the inventory has skilled a meteoric rise, gaining 375% to this point.
In July, the inventory reached an all-time excessive of ₹15,650 per share, surpassing the ₹15,000 mark for the primary time. Following a relentless rally, the inventory has just lately been experiencing revenue reserving, and it’s presently buying and selling 28% under its latest peak.
Potential Upside: Break above 11,500 may result in a rebound
“Together with the broader market, the inventory costs have corrected within the final couple of months. As of now, it is positioned round a long-term assist of 200 DSMA. On Thursday, costs tried a bounce, however at the moment the follow-up transfer is just not seen. 11000 stays a key assist and strikes past 11500 would set off a bounce again in direction of 12500. Whereas a break under 11000 would lengthen weak spot in direction of 10000,” mentioned Rajesh Bhosale, fairness technical and spinoff analyst at Angel One.
