Pritika Auto Industries Q2 Profit: Rs 11 cr
Pritika Auto Industries, a tractor component maker, reported a profit of Rs 10.58 crore for the September quarter, up from Rs 4.75 crore a year ago. The company's revenue, however, dipped to Rs 85.77 crore from Rs 93.70 crore in the previous year.
New Delhi, Nov 13 (PTI) Tractor component maker Pritika Auto Industries on Wednesday posted Rs 10.58 crore profit for the September quarter.
The company reported a net profit of Rs 4.75 crore in the year-ago period, the company said in a statement.
The company posted a total income of Rs 85.77 crore, down from Rs 93.70 crore a year earlier.
The company explained that the dip in revenue is not comparable with that of the second quarter of the previous fiscal year due to demerger of manufacturing unit from Pritika Industries Ltd and its merger into Pritika Auto Industries Ltd.
Pritika Auto Industries Chairman & Managing Director Harpreet Singh Nibber said in the statement that the company's performance in the quarter was in line with expectations, given the cyclicality in market conditions.
The company reported a net profit of Rs 4.75 crore in the year-ago period, the company said in a statement.
The company posted a total income of Rs 85.77 crore, down from Rs 93.70 crore a year earlier.
The company explained that the dip in revenue is not comparable with that of the second quarter of the previous fiscal year due to demerger of manufacturing unit from Pritika Industries Ltd and its merger into Pritika Auto Industries Ltd.
Pritika Auto Industries Chairman & Managing Director Harpreet Singh Nibber said in the statement that the company's performance in the quarter was in line with expectations, given the cyclicality in market conditions.
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