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Pritika Engineer Q1 Results Income went up by 6.38% to ₹22.89 crore
Pritika Engineering's Q1 FY25 results show good growth. Their total income went up by 6.38%, and their EBITDA increased by 31.99%. Net profit also slightly rose by 1.88%.
by Ruksana
Updated Aug 07, 2024
Table of Content
Pritika Engineering Components Ltd has shared its financial results for the first quarter of FY25. The company, known for making parts for tractors, commercial vehicles, and construction equipment, saw good improvements in its financial performance. In this quarter, their total income grew by 6.38% compared to the same period last year, reaching ₹22.89 crore.
Their earnings before interest, taxes, depreciation, and amortization (EBITDA) rose significantly by 31.99% to ₹3.61 crore, showing better efficiency in their operations. The EBITDA margin, which indicates the percentage of income that turns into profit before other expenses, increased to 15.78%, up from 12.71% last year. The net profit, which is the final amount of profit after all expenses, slightly increased by 1.88% to ₹0.94 crore.
The company has reported strong sales, with a record of 900 tons in July 2024, and they are planning to expand their business. They will raise funds to support their growth plans and explore new markets like railways and defense components. Overall, Pritika Engineering is showing positive growth and a strong outlook for the rest of the year.
Source: Here
Pritika Engineer Q1 results
In the first quarter of FY25, Pritika Engineering saw an increase in total income, EBITDA, and net profit compared to the previous year. The company's EBITDA grew by nearly 32%, showing improved efficiency. The EBITDA margin also increased, reflecting better profitability. The net profit showed a slight increase, indicating stable financial health.
Consolidated Financial Results:
|
Particulars |
Q1 FY25 |
Q1 FY24 |
YoY Change |
|
Total Income |
₹22.89 Cr |
₹21.52 Cr |
+6.38% |
|
EBITDA |
₹3.61 Cr |
₹2.74 Cr |
+31.99% |
|
EBITDA Margin (%) |
15.78% |
12.71% |
+306 BPS |
|
Net Profit |
₹0.94 Cr |
₹0.93 Cr |
+1.88% |
Pritika Engineering Components Ltd
Pritika Engineering Components Ltd is a company based in Hoshiarpur, Punjab, India. It is part of the Pritika Group of Industries and was established in 1973 by Mr. R.S. Nibber. The company started by making small forgings and has grown into a well-known name in the Tractor and Automotive industry. Pritika Engineering Components Ltd is recognized for making high-quality, precision machined parts from castings.
The company's manufacturing facilities include a modern foundry and machine shop. They use advanced equipment for casting, as well as induction furnaces and Cold Core Box machines.
Their machine shop is equipped with the latest CNC machines, including Horizontal Machining Centers, Vertical Machining Centers, and Turning Centers. These tools help them produce precise and reliable parts.
1. What was Pritika Engineering’s total income for Q1 FY25?
Pritika Engineering’s total income for Q1 FY25 is ₹22.89 crore.
2. How much did Pritika Engineering’s EBITDA increase in Q1 FY25?
Pritika Engineering’s EBITDA increase by31.99%.
3. What is the EBITDA margin for Q1 FY25?
EBITDA margin for Q1 FY25 is 15.78%.
4. How much did the net profit rise in Q1 FY25?
The net profit rose by 1.88%.
5. What was the record sales amount for July 2024?
The record sales amount for July 2024 is 900 tons.
6. Where is Pritika Engineering based?
Pritika Engineering is based in Hoshiarpur, Punjab, India.
7. When was Pritika Engineering established?
Pritika Engineering was established on1973.
8. What types of parts does Pritika Engineering make?
Pritika Engineering makes the Parts for tractors, commercial vehicles, and construction equipment.
9. What are Pritika Engineering’s future plans?
Pritika Engineeringplan to expand and explore new markets like railways and defense components.
10. Who founded Pritika Engineering Components Ltd?
The Founder of Pritika Engineering Components Ltd is Mr. R.S. Nibber.