PTC Industries' Q4 margin rebounds to 32.18% as revenue jumps 84.93%
Costs grew more slowly than revenue, but other income was 16.35% of pre-tax profit; the stock's +14.19% reaction was far above its 1.97% median post-results move.
Filed 30 May 2026, 20:29 IST · after market close · PTC Industries Ltd (PTCIL)
Key takeaways
- Consolidated Q4FY26 revenue grew 84.93% YoY, while expenses grew 64.07%, lifting operating margin by 8.62 percentage points.
- Operating margin rose 16.3 percentage points QoQ to 32.18% after the Q3FY26 trough of 15.88%.
- Net profit rose 143.83% YoY, but other income accounted for 16.35% of pre-tax profit and the tax rate fell 4.1 percentage points.
Price around the results
Revenue acceleration lifts Q4 operating profit
Consolidated revenue grew 84.93% YoY and 44.97% QoQ, while operating profit increased 152.65% YoY and 193.77% QoQ. The operating margin expanded 8.62 percentage points YoY and 16.3 percentage points QoQ, showing that the higher revenue converted into profit faster than in the comparison periods.
Costs lagged revenue, but other income aided pre-tax profit
Expenses rose 64.07% YoY and 16.88% QoQ, below revenue growth of 84.93% and 44.97%, respectively, which drove the margin improvement. Interest expense increased 81.82% YoY but fell 11.44% QoQ. Other income represented 16.35% of pre-tax profit, while the 4.1 percentage-point YoY decline in the tax rate to 17.26% also supported net profit growth.
Q4 reversed the margin slide and stayed above the sector median
Operating margin fell from 23.56% in Q4FY25 to 9.04% in Q1FY26, then recovered to 20.64% in Q2FY26, 15.88% in Q3FY26 and 32.18% in Q4FY26. Among 71 Industrials peers that reported the same quarter, PTC Industries' margin was 16.52 percentage points above the 15.66% median.
The post-results jump was unusual for this stock
The stock rose 14.19% on the reaction day and 19.7% by the next day. That response was well above its prior-results pattern: only 1 of 8 past reactions was positive, while the median absolute move was 1.97%.
Q4FY26 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q4FY26 | Q3FY26 | QoQ | YoY |
|---|---|---|---|---|
| Revenue | ₹225 cr | ₹156 cr | +44.97% | +84.93% |
| Other income | ₹12 cr | ₹10 cr | +19.60% | +3.86% |
| Expenses | ₹153 cr | ₹131 cr | +16.88% | +64.07% |
| Operating profit | ₹73 cr | ₹25 cr | +193.77% | +152.65% |
| Operating margin (%) | 32.18% | 15.88% | — | — |
| Interest | ₹2 cr | ₹3 cr | -11.44% | +81.82% |
| Depreciation | ₹10 cr | ₹9 cr | +2.13% | +26.89% |
| Profit before tax | ₹72 cr | ₹23 cr | +221.68% | +131.71% |
| Tax | ₹13 cr | ₹4 cr | +200.48% | +87.13% |
| Net profit | ₹60 cr | ₹18 cr | +226.49% | +143.83% |
| EPS (₹) | ₹39.96 | ₹12.25 | +226.20% | +143.66% |
Operating margin of 32.18% compares with a Industrials sector median of 15.66% across 71 peers that have reported Q4FY26.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | +14.19% | +14.89% |
| Next session | +19.70% | — |
| 5 sessions | +12.85% | +14.66% |
| 15 sessions | +10.63% | — |
| 30 sessions | +8.28% | — |
Volume on the results session was 22.16× its 20-day average.
What to watch
- Whether operating margin holds above 32.18% after the Q4 recovery.
- Whether revenue growth continues to exceed expense growth after +44.97% QoQ versus +16.88%.
- Whether the tax rate remains near 17.26% and other income stays below 16.35% of pre-tax profit.