Pritika Auto Industries records healthy Q3 results

Q3FY21 PAT increased over 100%yoy at Rs2.21cr

Feb 12, 2021 04:02 IST India Infoline News Service

Q3 Results
Pritika Auto Industries Limited among leading manufactures of tractor components in India, announced its un audited results for the quarter and nine months ended 31st December 2020.

Performance at a Glance:
  • Q3FY21 Production volume at 9,082 tons, up 47.20%, driven by robust demand pick-up in the agriculture sector
  • Q3FY21 Net Revenue at Rs.64.51crore, 61.71%yoy growth on account of higher sales volumes and realizations
  • Q3FY21 EBIDTA up 32.66%yoy at Rs6.96cr, owing to improved operational efficiencies
  • Q3FY21 PAT increased over 100%yoy at Rs2.21cr

Commenting on the results, Raminder Singh Nibber, Chairman, Pritika Auto Industries Limited said, ''This financialyear began on a tough note, with the COVID-19 pandemic impacting our whole supply chain and entire economy in general. Suspension of operations in the first quarter adversely affected our operations. However, lam glad to share that our Company has shown tremendous resilience and is recovering wellfrom this headwind. Leading OEMs across India continue to rely on us to deliver quality products on time, reaffirming the trust and faith they have placed in us.

Our technological capabilities, operational efficiencies and strong client relationships continue to be our pillars of strength, seeing us through turbulent phases. I would like to thank the entire team of 'Pritika' for their untiring efforts, sincerity and dedication, especially during such times."

Pritika Auto Industries Ltd ended at Rs99.05 down by Rs3.35 or 3.27% from its previous closing of Rs102.40 on the BSE.

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