Pritika Auto Industries Ltd, a major tractor components manufacturer, reported a 13.86 per cent year-on-year increase in net revenue to ₹80.65 crore for the third quarter ended December 31, 2024. The company’s profit after tax grew by 11.03 per cent to ₹4.42 crore compared to the same quarter last year.
The company’s board has approved raising up to ₹49.90 crore through a rights issue of fully paid-up equity shares to existing shareholders. Additionally, Pritika Auto has commenced commercial production of components for a leading multinational tractor manufacturer in India, with an estimated annual business value of ₹51.50 crore and visibility for the next 4-5 years.
EBITDA for Q3 FY25 stood at ₹13.38 crore, up 15.19 per cent from the previous year, with margins improving by 19 basis points to 16.59 per cent. However, the nine-month revenue showed a slight decline of 1.65 per cent to ₹255.23 crore compared to the same period in FY24.
The Mohali-based company, which has manufacturing facilities across Punjab and Himachal Pradesh with a total capacity of 75,000 MTPA, supplies components to major OEMs, including M&M Swaraj, TAFE, Escorts, and Ashok Leyland. The company is also exploring opportunities in the railways sector.
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