{"id":30218,"date":"2024-08-26T13:03:39","date_gmt":"2024-08-26T07:33:39","guid":{"rendered":"https:\/\/sattaexpress.co.in\/index.php\/2024\/08\/26\/pritika-engineering-components-consolidated-q1fy25-ebitda-surged-32\/"},"modified":"2024-08-26T13:03:39","modified_gmt":"2024-08-26T07:33:39","slug":"pritika-engineering-components-consolidated-q1fy25-ebitda-surged-32","status":"publish","type":"post","link":"https:\/\/sattaexpress.co.in\/index.php\/2024\/08\/26\/pritika-engineering-components-consolidated-q1fy25-ebitda-surged-32\/","title":{"rendered":"Pritika Engineering Component\u2019s Consolidated Q1FY25 EBITDA Surged 32%"},"content":{"rendered":"
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Pritika Engineering Components Ltd (NSE: PRITIKA),\u00a0<\/strong>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.<\/p>\n

Q1 FY25 (Consolidated):<\/u><\/strong>\u00a0<\/u><\/p>\n\n\n\n\n\n\n\n
Particulars (<\/strong>\u20b9<\/strong>\u00a0<\/strong>Cr)<\/strong><\/td>\nQ1 FY25<\/strong><\/td>\nQ1 FY24<\/strong><\/td>\nYoY Change<\/strong><\/td>\n<\/tr>\n
Total Income<\/td>\n22.89<\/td>\n21.52<\/td>\n6.38%<\/td>\n<\/tr>\n
EBITDA<\/td>\n3.61<\/td>\n2.74<\/td>\n31.99%<\/td>\n<\/tr>\n
EBITDA Margin (%)<\/td>\n15.78%<\/td>\n12.71%<\/td>\n\u00a0 306 BPS<\/td>\n<\/tr>\n
Net Profit<\/td>\n0.94<\/td>\n0.93<\/td>\n\u00a01.88%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Q1 FY25 (Standalone):<\/u><\/strong>\u00a0<\/u><\/p>\n\n\n\n\n\n\n\n
Particulars (<\/strong>\u20b9<\/strong>\u00a0<\/strong>Cr)<\/strong><\/td>\nQ1 FY25<\/strong><\/td>\nQ1 FY24<\/strong><\/td>\nYoY Change<\/strong><\/td>\n<\/tr>\n
Total Income<\/td>\n22.30<\/td>\n21.55<\/td>\n3.47%<\/td>\n<\/tr>\n
EBITDA<\/td>\n3.36<\/td>\n2.79<\/td>\n20.76%<\/td>\n<\/tr>\n
EBITDA Margin (%)<\/td>\n15.09%<\/td>\n12.93%<\/td>\n216 BPS<\/td>\n<\/tr>\n
Net Profit<\/td>\n1.02<\/td>\n0.98<\/td>\n2.01%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Commenting on the performance, Mr. Harpreet S. Nibber, Managing Director, Pritika Engineering Components <\/span>Limited<\/span> said,\u00a0\u201c<\/span><\/strong>We started FY25 with a strong surge of 32% in EBITDA demonstrating our improved operational efficiency despite election laid industry slowdown. <\/span>We are seeing demand normalization <\/span>with<\/span> highest<\/span> ever sales of 900 tons in July 2024 <\/span>indicating<\/span> strong<\/span> outlook for our products for the rest of FY25.<\/span> To cater <\/span>the<\/span> rising demand, we <\/span>are planning<\/span> to expand our existing capacity and business diversification with proposed capex to be funded by <\/span>fund raise<\/span> to the tune of\u00a0\u20b949.50 Cr.<\/span> With our quality products and strong client <\/span>relationship<\/span>, we are all leveraged to benefit from rising demand and <\/span>benefit from<\/span> expansion.<\/span><\/p>\n

The Company is strategizing to venture into <\/span>railways<\/span> components and defence components business to meet the rising demand from these verticals. \u00a0We are confident to bring substantial growth from our strategic initiatives <\/span>enhancing<\/span> in the coming years.\u201d<\/span><\/p>\n

Key Highlights of Q1 FY25\u00a0<\/strong><\/p>\n

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  • The company plans to\u00a0raise its<\/strong>\u00a0Authorized Share Capital from\u00a0<\/strong>\u20b9<\/strong>\u00a020 Cr to\u00a0<\/strong>\u20b9<\/strong>\u00a025 Cr.\u00a0<\/strong><\/li>\n
  • The company has decided to\u00a0raise up to\u00a0<\/strong>\u20b9<\/strong>\u00a049.50 Cr<\/strong>\u00a0to support its expansion and diversification plans, driving future growth and enhancing its market position.<\/li>\n<\/ul>\n

    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.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    Pritika Engineering Components Ltd (NSE: PRITIKA),\u00a0manufacturer of customized components for tractors, commercial vehicles, and construction equipments, supplying OEMs directly or…<\/p>\n","protected":false},"author":3,"featured_media":30219,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[645,641],"class_list":["post-30218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-pr","tag-press-release"],"_links":{"self":[{"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/posts\/30218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=30218"}],"version-history":[{"count":0,"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/posts\/30218\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/media\/30219"}],"wp:attachment":[{"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=30218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=30218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=30218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}