[ad_1]
Fiscal Benefits Highlights for the quarter finished March 31, 2022:
- 
- 
Generation volumes for Q4 FY22 was at 5,885 tons, as versus 10,123 tons in Q4 FY21, considering the fact that demand from customers from the tractor industry witnessed a slowdown throughout this period. - 
Internet Income for the quarter was Rs57 crore in Q4 FY22, as in opposition to Rs79.63 crore in Q4 FY21, primarily thanks to lower volumes. On the other hand, realizations per ton enhanced by 23.12% yoy in the course of the quarter. - 
EBITDA (excluding other income) was at Rs7.13 crore in Q4 FY22 as against Rs9 crore in Q4 FY21. lmproved operational efficiencies offset the effect of raw material selling price increase, main to larger EBITDA margin. EBITDA for every ton also enhanced 36.42%yoy - 
Earnings After Tax was Rs2.25 crore in Q4 FY22, when Fundamental EPS stood at Rs. .25





Economical Effects Hiehtights for the complete year ended March 31, 2022:
- 
- 
Manufacturing votumes for FY22 was at 32,353 tons, growing 3.68% YoY. This expansion arrived in from a strong rebound in demand from customers write-up the COVID connected lockdowns opened up, specially in the very first two quarters. - 
Net Income for the quarter was Rs271.23 crore in FY22, as towards Rs225.69 crore in FY21, mostly because of to greater volumes. Additionally, realizations per ton improved by 15.92% yoy in the course of this time period. - 
The EBITDA (excluding other earnings) was at Rs30.02 crore in FY22 as versus Rs23,78 crore in FY21. Solid management on overheads offset theimpact of volatility in raw product charges, main to better EBITDA margin. EBITDA for each ton also enhanced 21.79%yoy. - 
Revenue Soon after Tax was Rs14.41 crore in FY22, a progress of 145.45% yoy, although Essential EPS stood at Rs. 1.62




The previous 12 months also faced headwinds from continued impacts of the pandemic, especially in the course of the second wave in the to start with quarter. However, markets have continued to recover given that then, with the third wave not being as intense as the to start with two.
The Compony is continuing on its advancement trajectory, dispIaying resiIience. ln FY22, we claimed a 20.18% yr-on-yeor progress in top line at Rs271.23 crore. Our EBITDA and PAT also grew 26.26% and 145.45% yoy to Rs30.02 crore and Rs14.41 crore, respectively. This has largely been driven by ongoing recovery post the COVID-slowdown and a sturdy recovery in desire from the tractor market, primarily based on a balanced agricultural time.
lnfact, we described our highest quorterly revenue quantity in Q2 FY22 at 10,723 tons. Our constant attempts to boost interior efficiencies and our product or service portfolio, demonstrates in our improving realizations and EBITDA per ton throughout this quarter and full yr. In addition, our very long-standing relationships with top OEMs, potent products portfolio and aim on price addition enabled us to navigate by means of numerous industry problems and cycles.
I would like to thank the full workforce of ‘Pritika’ for their dedication, especially through these types of situations. I would also like to thank all our valued stakeholders, whose aid and faith in our Business pushes us to reach larger benchmarks.”
On Tuesday early morning trade, Pritika Vehicle Industries was trading at Rs15.35 per piece lessen by .97% on the BSE.
[ad_2]
Supply url