Pritika Engineering Components Limited Delivers Robust Q2 FY25 Results
The Business Guardian|November 14, 2024
Pritika Engineering Components Ltd (NSE: PRITIKA), one of the leading manufacturers of precision machined components for the tractor and automotive sectors in India, has reported a net profit of Rs. 1.64 crore for the Q2FY25 ended September 2024, as compared to a net profit of Rs. 0.92 crore in Q2FY24, representing growth of 78.20%.

Total revenue for Q2FY25 increased 40.59% year-on-year to Rs. 32.03 crore, compared to total revenue of Rs. 22.78 crore in Q2FY24. EBITDA for Q2FY25 increased 74.52% to Rs. 5.28 crore, compared to EBITDA of Rs. 3.03 crore in Q2FY24. EPS for Q2FY25 stood at Rs. 1.24 per share. Net profit margin and EBITDA margin increased by 108 bps and 320 bps, respectively, during Q2FY25 ended September 2024.

Q2 FY25 Key Highlights:

The company announced the issuance of right shares aggregating up to Rs. 49.90 crore to fund its expansion into railway and defence component manufacturing.

The company announced a stock split, reducing the face value of each equity share from Rs. 10 to Rs. 5.

Pritika Eng shares were trading at Rs. 176.90 on November 12, 2024 (NSE) and have given around 200% returns over the last 6 months.

This story is from the November 14, 2024 edition of The Business Guardian.

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This story is from the November 14, 2024 edition of The Business Guardian.

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