Shares of PTC Industries rose over 3 percent to Rs 15,238 on Wednesday, June 25, after its subsidiary Aerolloy Technologies signed a strategic MoU with French aerospace giant Safran Aircraft Engines to jointly manufacture components and materials for military aircraft engines.
The development marks a deepening of the companies’ existing partnership—Safran and Aerolloy are already working together on the production of commercial LEAP engine parts. With this new agreement, the collaboration extends into the defence space, a move seen as a major step toward bolstering India’s self-reliance in military aviation manufacturing.
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Aerolloy specialises in casting and materials for aerospace use, while Safran is globally known for its expertise in building and maintaining both civil and military aircraft engines. The partnership is expected to create a new template for defence sector cooperation under the "Make in India" framework.
“The MoU with Safran is a milestone in enhancing indigenous capabilities in military engine manufacturing,” said Sachin Agarwal, Chairman and Managing Director of PTC Industries. “It not only furthers the Make in India agenda but also encourages innovation and collaboration in aerospace manufacturing,” he added.
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PTC Industries reported a mixed set of numbers for the March 2025 quarter, with profitability showing a sharp improvement even as revenue saw a slight dip on a year-on-year basis.
Net sales for the quarter stood at Rs 67.55 crore, marking a decline of 3.83 percent from Rs 70.23 crore reported in the corresponding quarter of the previous year. Net profit jumped 233 percent year-on-year to Rs 15.08 crore, compared to Rs 4.53 crore in the March 2024 quarter.
The company’s EBITDA (earnings before interest, tax, depreciation and amortisation) for the quarter came in at Rs 25.75 crore, a sharp 90 percent increase from Rs 13.54 crore in the year-ago period.
At about 9:30 am, shares of the company were trading at Rs 14,880, higher by 1 percent from the last close on the NSE. PTC Industries shares have risen 10 percent since the beginning of the year.
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