PTC Industries saw its shares jump 2% following a strong performance in Q2. The company reported a net profit of Rs 17.31 crore for the September 2024 quarter, marking a significant increase from Rs 8.14 crore in Q2 of the previous fiscal.
Revenue from operations surged to Rs 72.36 crore, up from Rs 57.51 crore last year, driven by a 25.84% rise in sales. Total income also saw a boost, reaching Rs 80.78 crore, compared to Rs 60.28 crore in the same period last year.
However, expenses increased to Rs 58.75 crore, up from Rs 49.78 crore in Q2 FY2023. Despite the rise in costs, the company’s solid revenue growth and profit increase highlight its strong performance in a competitive market.
As of 10:05 am, PTC Industries shares were trading 2.17% higher at Rs 11,306.95 on the NSE.
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