Pritika Engineering Component’s Consolidated Q1FY25 EBITDA Surged 32%

Pritika Engineering Components Ltd (NSE: PRITIKA), manufacturer of customized components for tractors, commercial vehicles, and construction equipments, supplying OEMs directly or through group companies, has reported its Unaudited Financial Performance of Q1 FY25.

Q1 FY25 (Consolidated): 

Particulars (₹ Cr)	Q1 FY25	Q1 FY24	YoY Change
Total Income	22.89	21.52	6.38%
EBITDA	3.61	2.74	31.99%
EBITDA Margin (%)	15.78%	12.71%	306 BPS
Net Profit	0.94	0.93	1.88%

Q1 FY25 (Standalone): 

Particulars (₹ Cr)	Q1 FY25	Q1 FY24	YoY Change
Total Income	22.30	21.55	3.47%
EBITDA	3.36	2.79	20.76%
EBITDA Margin (%)	15.09%	12.93%	216 BPS
Net Profit	1.02	0.98	2.01%

Commenting on the performance, Mr. Harpreet S. Nibber, Managing Director, Pritika Engineering Components Limited said, “We started FY25 with a strong surge of 32% in EBITDA demonstrating our improved operational efficiency despite election laid industry slowdown. We are seeing demand normalization with highest ever sales of 900 tons in July 2024 indicating strong outlook for our products for the rest of FY25. To cater the rising demand, we are planning to expand our existing capacity and business diversification with proposed capex to be funded by fund raise to the tune of ₹49.50 Cr. With our quality products and strong client relationship, we are all leveraged to benefit from rising demand and benefit from expansion.

The Company is strategizing to venture into railways components and defence components business to meet the rising demand from these verticals.  We are confident to bring substantial growth from our strategic initiatives enhancing in the coming years.”

Key Highlights of Q1 FY25 

• The company plans to raise its Authorized Share Capital from ₹ 20 Cr to ₹ 25 Cr. 
• The company has decided to raise up to ₹ 49.50 Cr to support its expansion and diversification plans, driving future growth and enhancing its market position.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.