Pritika Auto Industries Limited — Updates, 13-11-2024: Press Release

Net revenue for Pritika Auto Industries Limited in Q2 FY25 stood at ₹85.77 crore, reflecting an 8.46% year-on-year decline, partly due to the impact of a demerger. However, the company achieved a notable 122.61% increase in profit after tax, amounting to ₹10.58 crore, with an EBITDA growth of 23.01% at ₹15.02 crore, resulting in an EBITDA margin improvement of 448 bps to 17.51%. For the first half of FY25, net revenue was ₹174.57 crore, down 7.35% from the previous year, while PAT reached ₹15.05 crore.

The management highlighted a strong demand environment, reinforced by a significant annual order valued at ₹30 crore from a leading OEM, ensuring consistent monthly supplies. The company also noted its highest dispatch volume of 3,550 tons in July 2024, underscoring robust performance. With a continued focus on expanding its product portfolio, particularly in value-added products, Pritika is positioning itself well for sustainable growth and targeting opportunities in the railways sector. The overall outlook remains positive as the company leverages market demand and operational efficiencies.