PTL Enterprises Limited (PTL)
₹38.46 -0.05% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, PTL Enterprises' revenue was ₹16.1 Cr (+0.0% year on year, +0.5% on the previous quarter), and net profit ₹8.8 Cr (-5.1% year on year); the operating margin was 87.4%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹16.1 | +0.0% | +0.5% |
| Operating profit | ₹14.1 | -3.8% | -6.3% |
| Net profit | ₹8.8 | -5.1% | -32.7% |
| EPS (₹) | 0.66 | -5.7% | -34.0% |
| Operating margin | 87.4% | — | — |
PTL delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 67.29% of the PTL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 74.43%. That is close to its usual level. Turnover was only ₹5 lakh, so a handful of trades can move this figure. Volume was 0.4 times its average, well below normal.
Delivery in the last 5 sessions: 85.5% · 67.5% · 77.0% · 70.2% · 67.3%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
PTL Enterprises reported a flat revenue from operations of ₹16.08 Cr (₹1,608.31 Lakhs) for the quarter ended June 30, 2026, unchanged YoY from ₹16.08 Cr in Q1 FY26. Net profit for the period stood at ₹8.76 Cr (₹876.21 Lakhs), down 4.97% YoY from ₹9.22 Cr and down 33.85% QoQ from ₹13.24 Cr, primarily due to lower other income (₹0.13 Cr vs ₹3.94 Cr in Q4) and increased other expenses. Total comprehensive income came in at ₹25.49 Cr, bolstered by a fair value gain of ₹16.23 Cr on equity investments carried at FVTOCI.
- Revenue from operations was flat YoY at ₹1,608.31 Lakhs (₹16.08 Cr) for Q1 ended June 30, 2026.
- Net profit declined 4.97% YoY to ₹876.21 Lakhs from ₹922.08 Lakhs in Q1 FY26 (and ₹1,324.49 Lakhs in Q4 FY26).
- Total expenses rose 14.22% YoY to ₹362.47 Lakhs compared to ₹317.35 Lakhs in Q1 FY26.
- Basic and diluted EPS stood at ₹0.66 for the quarter versus ₹0.70 in the year-ago period.
PTL Enterprises Limited's Board of Directors reviewed an SOP-Review letter from the stock exchange regarding a procedural lapse. The company acknowledged a two-day delay in providing prior intimation of a Board Meeting to the exchanges. While the notice was sent to directors 7 days in advance, the exchange notification was delayed due to a technical error. The Board has instructed officials to strictly adhere to SEBI compliance requirements moving forward.
- Two-day delay in providing prior intimation of the Board Meeting to stock exchanges
- SOP-Review letter received from exchanges dated June 15, 2026
- Notice of the meeting was served 7 days in advance to all directors and auditors
- Board meeting to address the lapse held on August 6, 2026
PTL Enterprises reported a flat top-line for Q1 FY27, with revenue from operations remaining unchanged at ₹16.08 Cr compared to the same quarter last year. Net profit saw a slight decline of 5.1% YoY to ₹8.75 Cr, down from ₹9.22 Cr, primarily due to a 74% increase in other expenses. The company's business remains entirely dependent on lease rentals from Apollo Tyres Ltd. Notably, Total Comprehensive Income was boosted to ₹25.49 Cr by a significant ₹19.23 Cr gain in the fair value of equity investments.
- Revenue from operations was stagnant at ₹1,608.31 Lakhs, identical to the ₹1,608.31 Lakhs reported in Q1 FY26.
- Net Profit for the quarter stood at ₹875.21 Lakhs, a decrease from ₹922.08 Lakhs in the corresponding previous year quarter.
- Other expenses rose significantly to ₹123.39 Lakhs from ₹70.89 Lakhs YoY.
- Total Comprehensive Income reached ₹2,549.16 Lakhs, driven by a ₹1,923.40 Lakhs gain on equity instruments.
- Earnings Per Share (EPS) for the quarter was ₹0.66, down from ₹0.70 YoY.
PTL Enterprises Limited concluded its 65th Annual General Meeting on July 28, 2026, with shareholders approving all three proposed resolutions. Key approvals included the adoption of audited financial statements for FY26 and the declaration of a final dividend. Shareholders also passed a special resolution for the re-appointment of Mr. Harish Bahadur as a Director, permitting his continuation beyond the age of 75. Total voting participation represented 74.97% of the company's share capital, with unanimous support from the promoter group.
- 74.97% of total outstanding shares (99.24 million votes) were polled during the voting process.
- 100% of the promoter group's 92.43 million shares were voted in favor of all resolutions.
- Resolution 2 confirmed the final dividend for FY26, following a year where the company reported a net profit of Rs 23.70 cr.
- Resolution 3, a special resolution for director re-appointment past age 75, passed with 99.99% of polled votes in favor.
- Public non-institutional participation stood at 23.50% of their total shareholding.
PTL Enterprises concluded its 65th Annual General Meeting on July 28, 2026, where shareholders approved a final dividend of ₹1.00 per equity share for FY26. This follows the company's FY26 performance which saw a revenue of ₹34.18 crore and a net profit of ₹23.70 crore. The dividend represents a 100% payout on the face value of ₹1.00. Additionally, shareholders approved the re-appointment of Mr. Harish Bahadur as a director through a special resolution required for directors over 75 years of age.
- Final dividend of ₹1.00 per equity share (100% of face value) approved for FY26
- FY26 annual revenue reported at ₹34.18 crore with a net profit of ₹23.70 crore
- Dividend record date was set as July 10, 2026, which has already passed
- Special resolution passed for the re-appointment of Director Harish Bahadur, aged over 75
- The AGM was conducted via video conferencing and concluded in 20 minutes
PTL Enterprises Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Alankit Assignments Limited, confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, have been processed. This involves the cancellation of physical certificates and updating the depositories' names in the company's records. This is a routine administrative filing required by SEBI to ensure the integrity of the shareholding system.
- Compliance certificate covers the quarter ended June 30, 2026
- Certificate issued by Registrar and Share Transfer Agent, Alankit Assignments Limited, on July 3, 2026
- Official filing submitted to the National Stock Exchange and BSE on July 9, 2026
- Confirms adherence to SEBI Regulation 74(5) regarding dematerialization of securities
PTL Enterprises has announced its 65th Annual General Meeting (AGM) for July 28, 2026, to be held via video conferencing. The company has fixed July 10, 2026, as the record date for determining shareholder eligibility for the final dividend. Remote e-voting is scheduled from July 25 to July 27, 2026, with a cut-off date of July 21. This filing is primarily administrative, providing timelines for dividend payouts and shareholder participation.
- 65th Annual General Meeting scheduled for July 28, 2026, at 3:00 P.M.
- Record date for Final Dividend fixed as Friday, July 10, 2026
- Remote e-voting period runs from July 25 (10:00 A.M.) to July 27, 2026 (5:00 P.M.)
- Cut-off date for e-voting eligibility is Tuesday, July 21, 2026
- Last date for submission of TDS exemption forms is Monday, July 13, 2026
PTL Enterprises has issued its 65th AGM notice, proposing a final dividend of Rs 1.00 per share, which brings the total FY26 dividend to Rs 2.50 per share. The company reported a net profit of Rs 46.17 Cr for FY26, a significant 27% increase from Rs 36.30 Cr in FY25, despite flat revenue of Rs 64.34 Cr. This profit growth is reflected in the EPS rising to Rs 3.49 from Rs 2.74. The business remains highly concentrated, with 100% of operational revenue derived from leasing its manufacturing facility to Apollo Tyres Ltd.
- Proposed final dividend of Rs 1.00 per share, totaling Rs 2.50 for FY26 including interim payout
- Net profit for FY26 increased by 27.2% to Rs 4,616.93 Lakhs from Rs 3,629.51 Lakhs in FY25
- Earnings Per Share (EPS) improved to Rs 3.49 in FY26 compared to Rs 2.74 in the previous year
- Revenue from operations remained stable at Rs 6,434.11 Lakhs, primarily from lease rentals
- Interest Coverage Ratio improved significantly to 35.16 in FY25 from 23.13 in FY24
PTL Enterprises Limited has announced the closure of its trading window for designated persons starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's Q1 FY27 financial results. The window will remain closed until 48 hours after the declaration of the financial results for the quarter ended June 30, 2026. This is a standard regulatory procedure and does not reflect any operational changes.
- Trading window closure effective from July 1, 2026.
- Closure is related to the financial results for the quarter ended June 30, 2026.
- Window will reopen 48 hours after the official announcement of quarterly results.
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
PTL Enterprises has announced July 10, 2026, as the record date to determine shareholder eligibility for the final dividend of FY26. The dividend is subject to shareholder approval at the 65th Annual General Meeting (AGM) scheduled for July 28, 2026. Once approved, the dividend will be paid within 30 days to eligible shareholders. Additionally, the company has fixed July 21, 2026, as the cut-off date for e-voting participation for the upcoming AGM.
- Record date for final dividend eligibility is fixed as July 10, 2026
- 65th Annual General Meeting (AGM) to be held on July 28, 2026, via video conferencing
- Dividend payment to be completed within 30 days of the AGM date upon approval
- Cut-off date for e-voting and AGM participation eligibility is July 21, 2026
- Remote e-voting period scheduled from July 25 to July 27, 2026
PTL Enterprises Limited has scheduled its 65th Annual General Meeting (AGM) for July 28, 2026, via video conferencing. The company has fixed July 10, 2026, as the record date to determine shareholder eligibility for the final dividend for the financial year ended March 31, 2026. If approved at the AGM, the dividend will be disbursed within 30 days. Shareholders can participate in remote e-voting between July 25 and July 27, 2026.
- 65th Annual General Meeting scheduled for July 28, 2026, at 3:00 PM IST.
- Record date for final dividend payment for FY26 is fixed as July 10, 2026.
- Dividend payment will be completed within 30 days of the AGM date upon shareholder approval.
- Remote e-voting period starts on July 25, 2026, and ends on July 27, 2026.
- Cut-off date for determining e-voting eligibility is July 21, 2026.
PTL Enterprises Limited reported a total income of ₹20.01 crore for the quarter ended March 31, 2026, compared to ₹16.13 crore in the same quarter of the previous year. The growth was significantly bolstered by a surge in other income, which rose to ₹3.94 crore from just ₹5.29 lakhs year-on-year. The Board has recommended a final dividend of Re. 1 per share (100% of face value), reflecting a commitment to shareholder returns. Additionally, the company managed to reduce total expenses to ₹2.90 crore from ₹3.25 crore in the year-ago period.
- Total income for Q4 FY26 increased to ₹2,001.16 lakhs from ₹1,612.71 lakhs in Q4 FY25.
- Recommended a final dividend of Re. 1 per equity share (100%) for the financial year ended March 31, 2026.
- Other income jumped significantly to ₹393.74 lakhs in Q4 FY26 compared to ₹5.29 lakhs in Q4 FY25.
- Total expenses for the quarter decreased to ₹289.72 lakhs from ₹325.47 lakhs in the previous year.
- Profit before exceptional items and tax for the quarter stood at ₹1,711.44 lakhs.
PTL Enterprises Limited has recommended a final dividend of Re. 1 per equity share (100% of face value) for the financial year ended March 31, 2026. The Board also approved the audited financial results for the quarter and full year, with the statutory auditors issuing an unmodified opinion. Additionally, the company has proposed the re-appointment of Mr. Harish Bahadur as a Non-Executive Director. The dividend payment is subject to shareholder approval at the upcoming Annual General Meeting and will be paid within 30 days of the meeting.
- Recommended a final dividend of Re. 1 per equity share of Re. 1 each (100% payout).
- Audited financial results for Q4 and FY26 approved with an unmodified audit opinion.
- Proposed re-appointment of Mr. Harish Bahadur as Non-Executive, Non-Independent Director.
- Dividend to be distributed within 30 days from the conclusion of the Annual General Meeting.
- Board meeting concluded within 29 minutes, reflecting efficient governance processes.
PTL Enterprises has announced its audited financial results for the fiscal year ended March 31, 2026, alongside a significant dividend declaration. The Board recommended a final dividend of Re. 1 per equity share, which is 100% of the face value, subject to shareholder approval. Additionally, the company has proposed the re-appointment of Mr. Harish Bahadur as a Non-Executive Director to maintain leadership continuity. The statutory auditors have issued an unmodified opinion on the financial statements, ensuring reporting reliability.
- Recommended a final dividend of Re. 1 per equity share (100% payout on face value)
- Approved audited financial results for the quarter and full year ended March 31, 2026
- Statutory auditors issued a declaration with an unmodified opinion on the financial reports
- Proposed re-appointment of Mr. Harish Bahadur as Non-Executive, Non-Independent Director
- Dividend to be paid within 30 days from the conclusion of the upcoming Annual General Meeting
PTL Enterprises Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Alankit Assignments Limited, covers the quarter ended March 31, 2026. This filing confirms that the company has processed share dematerialization requests and updated its register of members accordingly. As a routine regulatory requirement for listed companies in India, it ensures the integrity of electronic shareholding records.
- Compliance certificate submitted for the quarter ended March 31, 2026
- Issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Registrar and Share Transfer Agent (RTA) is Alankit Assignments Limited
- Confirms the processing and substitution of depository names in the register of members
Financial Performance
Revenue Growth by Segment
Revenue from operations remained virtually stagnant at INR 6,434.11 Lakhs in FY25 compared to INR 6,434.99 Lakhs in FY24, a marginal decline of 0.01%. The company operates as a single-segment entity leasing its manufacturing facility.
Geographic Revenue Split
While PTL's revenue is domestic-based via its lease to Apollo Tyres Ltd (ATL), the underlying business is exposed to ATL's diversified markets including India, Europe, ASEAN, and North America.
Profitability Margins
Net Profit Margin saw a significant expansion to 56.41% in FY25 from 36.61% in FY24, driven by a 43.86% reduction in other expenses and lower overall tax provisions.
EBITDA Margin
Operating Profit (EBITDA including other income) stood at INR 6,506.91 Lakhs, representing a 91.5% margin on total income, up 5.89% YoY from INR 6,145.03 Lakhs.
Capital Expenditure
Not explicitly disclosed in absolute INR Cr for future periods, though the company notes ongoing technology upgradation through the manufacturing processes of its lessee, Apollo Tyres Ltd.
Credit Rating & Borrowing
The company reduced its finance costs by 9.40% to INR 515.10 Lakhs in FY25. The Debt-Equity ratio improved from 0.04 to 0.02, indicating very low leverage and high solvency.
Operational Drivers
Raw Materials
As a lessor of manufacturing facilities, PTL does not directly procure raw materials; however, it is indirectly sensitive to ATL's raw material costs (natural rubber, carbon black) which could trigger lease renegotiations.
Import Sources
Not applicable as the company has no inventory and does not engage in direct manufacturing; it functions as a facility owner.
Key Suppliers
Not applicable; the company's primary operational relationship is with its lessee, Apollo Tyres Ltd (ATL).
Capacity Expansion
The company maintains a manufacturing plant leased to ATL. Specific capacity in MTPA is not disclosed, but the company relies on ATL for technology and process upgrades.
Raw Material Costs
Direct raw material costs are 0% of revenue as the company has no inventory. Other expenses, which include maintenance and administrative costs, fell 43.86% to INR 321.64 Lakhs.
Manufacturing Efficiency
The company does not report direct utilization; however, the Interest Coverage Ratio improved significantly to 35.16 in FY25 from 23.13 in FY24, reflecting high financial efficiency.
Logistics & Distribution
Not applicable as PTL does not distribute final products; distribution is handled by the lessee, Apollo Tyres Ltd.
Strategic Growth
Expected Growth Rate
2.80%
Growth Strategy
Growth is targeted through diversification into other sectors via new investments and leveraging the technology upgrades performed by ATL at the leased facility. The company aims to benefit from ATL's expansion into ASEAN and North American markets.
Products & Services
Leasing of tyre manufacturing facilities and related infrastructure to Apollo Tyres Ltd.
Brand Portfolio
Apollo and Vredestein (brands owned and operated by the lessee, ATL, using PTL's leased assets).
New Products/Services
Not disclosed; the company is currently focused on its existing lease model and potential 'new investments' in unspecified sectors.
Market Expansion
The company is indirectly expanding through ATL's efforts to grow operations in ASEAN and North America to reduce dependence on the Indian market.
Market Share & Ranking
Not disclosed for the leasing entity; however, the lessee (ATL) is a major player in the Indian and European tyre markets.
Strategic Alliances
The core alliance is the long-term lease agreement with Apollo Tyres Ltd (ATL).
External Factors
Industry Trends
The tyre industry is shifting toward technology-driven manufacturing and geographic diversification. PTL is positioned as a facility provider for a company (ATL) that is actively expanding into ASEAN and North America.
Competitive Landscape
PTL faces no direct competition in its specific leasing niche for this facility, but it is indirectly competing with other global tyre manufacturing hubs used by ATL.
Competitive Moat
The moat is the long-term lease agreement and the specialized nature of the tyre manufacturing facility. Sustainability depends entirely on the financial health and market position of Apollo Tyres Ltd.
Macro Economic Sensitivity
Highly sensitive to global GDP; IMF projects a decline in emerging market growth from 4.3% in 2024 to 3.7% in 2025, which impacts tyre demand.
Consumer Behavior
Demand is driven by infrastructure development and economic growth; any shift toward reduced vehicle usage would adversely affect the lessee's demand for the facility.
Geopolitical Risks
Global trade uncertainties and supply chain impacts from international relations are cited as risks that could exacerbate the slowdown in ATL's key markets.
Regulatory & Governance
Industry Regulations
Compliant with Sections 177, 185, 186, and 188 of the Companies Act 2013 regarding related party transactions and investments. Maintenance of cost records was not specified by the Central Government for PTL's activities.
Environmental Compliance
Not disclosed in absolute INR; the company states that Section 135 (CSR) requirements did not apply for the current reporting period.
Taxation Policy Impact
The company provided INR 1,522.05 Lakhs for current tax in FY25. Total tax expense was INR 2,154.07 Lakhs, which included a charge of INR 660.27 Lakhs for earlier years.
Legal Contingencies
The company has disclosed pending litigations in Note C5(a) of its financial statements; however, the aggregate value of these claims is not specified in the provided text.
Risk Analysis
Key Uncertainties
The primary uncertainty is the 'Dependence on ATL.' Any margin pressure on ATL due to raw material inflation could lead to a renegotiation of the lease agreement, impacting 100% of PTL's operating revenue.
Geographic Concentration Risk
Revenue is 100% concentrated in India via the lease, though the lessee's business is split between India and Europe.
Third Party Dependencies
Critical dependency on Apollo Tyres Ltd as the sole source of operational income.
Technology Obsolescence Risk
The company relies on ATL for technology upgradation of the manufacturing process to remain competitive in the tyre industry.
Credit & Counterparty Risk
The company's credit risk is tied to ATL; however, the Interest Coverage Ratio of 35.16 suggests the company currently has no trouble servicing its own obligations.
