Pritika Auto Industries PAT increases to Rs5.41cr in Q1FY22

the company saw an increase in Revenue which rose from Rs23.14cr (Q1FY21) to Rs76.23cr (Q1FY22).

Aug 18, 2021 10:08 IST India Infoline News Service

Pritika Auto Industries Ltd. has announced excellent results for the quarter ended June 30, 2021.

For the quarter ended June 30, 2021, the company saw an increase in Revenue which rose from Rs23.14cr (Q1FY21) to Rs76.23cr (Q1FY22).

PAT turned a profit and jumped from a loss of Rs23.9cr (Q1FY21) to a profit of Rs5.41cr (Q1FY22). On a QoQ basis, the PAT rose from Rs3.39cr (Q4FY21) to Rs5.41cr (Q1FY22), an increase of 59.36%.

Speaking about the results, Harpreet Singh Nibber, Managing Director, added “We are delighted to announce excellent results for the quarter. We are proud to announce growth in our performances each passing quarter and despite the Covid situation and all the talk about the third wave, we continue to give our best.

This past quarter our PAT growth has been remarkable both Year on Year and Quarter on Quarter and we strive to continue this trend in the future."

At around 10:15 AM, Pritika Auto Industries was trading at Rs18.75 apiece up by Rs0.1 or 0.54% on Sensex.

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