PTC India announced its Q2 results on 12 November 2024, showing mixed performance in key financial figures. The company’s revenue dipped by 1.44% year-on-year, but net profit surged by 19.77% compared to last year.
Quarter-on-quarter, PTC India’s revenue grew by 9.44%, while profit rose sharply by 24.92%, pointing to a positive trend in profitability despite revenue challenges.
Cost control and operating income
The company managed to reduce its selling, general, and administrative expenses by 2.1% from the previous quarter and 7.98% year-on-year, reflecting effective cost-cutting measures. However, operating income increased only slightly by 0.78% from the last quarter and saw a decline of 21.75% compared to Q2 of the previous year, indicating challenges in maintaining long-term operational efficiency.
EPS and stock volatility
Earnings per share (EPS) for Q2 stood at ₹5.1, showing a decrease of 17.8% year-on-year, which could concern investors regarding PTC India’s future profitability.
Stock performance has been volatile, with a return of -5.07% over the past week, -20.49% over the last six months, and -9.82% year-to-date. This highlights a challenging phase for the company’s stock.
Market position and analyst view
PTC India’s market capitalisation is ₹5,072.99 crore, with a 52-week high of ₹254.6 and a low of ₹152.65, showcasing market struggles. As of 13 November 2024, the sole analyst covering the company has a ‘Sell’ rating, signaling a cautious stance for investors.
