Pritika Auto Industries Q2 Results: PAT Reaches Rs. 3.78 Cr, Revenue Stood At Rs 93.70 Cr

Pritika Auto Industries is a small-cap company in the auto space. The company has declared financial results for the quarter ended on 30th September 2023.

The company's net sales for the September 2023 quarter were Rs. 93.70 crore on a consolidated basis, which is 6.34% less than the Rs. 100.04 crore recorded for the September 2022 quarter. According to the firm, its net profit for Q2FY24 was Rs. 3.78 crore, which is 24.44% less than Q2FY23's Rs. 5.00 crore.

EBITDA decreased by 5.11% to Rs. 12.43 crore in the quarter under review from Rs. 13.10 crore in the same quarter last year. From Rs. 0.56 in September 2022 to Rs. 0.43 in September 2023, Pritika Auto's earnings per share has declined.

On Wednesday, the shares of Pritika Auto Industries closed on the BSE at Rs 21.03 apiece down by 4.23% from the previous close of Rs 21.96.

The stock made a 52-week-high of Rs 26.19 (10/08/2023) and a 52-week-low of Rs 13.10 (28/03/2023), indicating that at the current market price, the stock is trading 19.70% below the 1-year high and 60.53% above the 1 year low.

In Q2FY24, the firm disclosed that 48.54% of its shares were held by promoters, 1.34% by FIIs, and 50.11% by the general public. With a market capitalization of Rs 195 Cr, the stock is currently trading at 1.17 times its book value. The stock's earnings per share (EPS) is 1.51 and its price-earning ratio (PE) is 14.49.