Pritika Auto Industries Ltd

Business overview

• Machined castings for tractors and automotive OEMs.
• LFC plant technology developed; utilization target 65-70% by year-end.
• International outreach with KION USA; samples in Aug, production from Nov 2026.
• Repeat orders from Mahindra & Mahindra, Swaraj, CNH Industrial.
• Expanding in high-growth automotive segments; export opportunities emphasized.

Operational highlights

• Q1 FY27 consolidated net revenue ₹144.97 crore.
• Q1 FY27 EBITDA ₹19.50 crore; margin 13.45%.
• Q1 FY27 PAT ₹7.11 crore; margin 4.91%.
• July 2026 dispatch peak ~4,800 MT.
• Installed capacity 72,000 MTPA across plants.

Financial performance

• FY26 consolidated net revenue ₹482.95 crore; YoY growth 35.32%.
• FY26 EBITDA ₹71.03 crore; margin 14.71%.
• FY26 PAT ₹23.20 crore; margin 4.80%.

Capital structure & liquidity

• No debt/equity changes disclosed in this update.
• IPO for subsidiary Pritika Engineering Components completed (historical).

Strategic priorities & outlook

• Margin normalization as raw-material costs stabilise.
• Focus on efficiency, product mix, and customer relationships.
• LFC plant utilization targeted at 65-70% by year-end.
• Pursue international opportunities via KION USA and other OEMs.

Risks & mitigation

• Raw-material and chemical cost pressures; partial customer compensation anticipated.
• Macro/automotive demand fluctuations.

Governance & leadership

• CMD: Harpreet Singh Nibber; JMD: Ajay Kumar Rai; CFO: Narinder Kumar Tyagi.
• Gurkaran Singh Nibber drives growth and digital transformation.

Book Closure Details

• Book closure from 23 September 2026 to 29 September 2026, both days inclusive, for AGM.
• AGM date scheduled for 29 September 2026.
• Cut-off date for e-voting fixed at 22 September 2026.
• E-voting period: 26 September 2026, 9:00 a.m. to 28 September 2026, 5:00 p.m.
• Security type: Equity shares.

Corporate Actions

• PECL to raise capital via preferential issue up to 64,000,000 equity shares and 400,000 warrants.
• Issue price not less than SEBI-determined price.
• PECL capital actions require PECL member approvals and other regulatory clearances.
• Pritika Auto to subscribe up to 5,000,000 PECL equity shares via preferential allotment against loan conversion.
• Directors' Report for year ended 31 March 2026 approved.
• Register of Members and share transfer books to close 23–29 September 2026.
• 46th AGM scheduled for 29 September 2026 via VC/OAVM; Notice approved.
• EVoting cutoff fixed 22 September 2026; voting from 26–28 September 2026.
• Sushil K Sikka appointed Scrutinizer for AGM voting and results.
• PECL majority control preserved post-issuance.

Consolidated results

• Revenue from operations: Rs 144.97 crore, up 26.5% YoY.
• EBITDA: Rs 19.50 crore, up 11.8% YoY.
• PAT: Rs 7.11 crore, up 16.7% YoY.
• Production volumes: 14,368 tons, up 16.0% YoY.
• Basic EPS: Rs 0.37.
• EBITDA margin: 13.45%; PAT margin: 4.91%.

Standalone results

• Net revenue: Rs 141.68 crore, up 24.59% YoY.
• EBITDA: Rs 13.08 crore, up 9.14% YoY.
• PAT: Rs 4.13 crore, up 1.53% YoY.
• Basic EPS: Rs 0.25.

Operational developments and outlook

• Highest-ever monthly dispatch in July 2026: approximately 4,800 MT.
• KION USA order; samples in August; production from Nov 2026, pending qualification.
• Repeat orders from Mahindra & Mahindra Swaraj and CNH Industrial.
• LFC plant: technology stabilized; target 65-70% capacity utilization by year-end.
• EV/hybrid transition offers growth opportunities; focus on efficiencies and expanding auto segments.

Dematerialisation status

• The securities dematerialised have been listed on the stock exchanges.
• Physical certificates for dematerialisation were mutilated and cancelled; depository substituted as registered owner.
• No dematerialisation/rematerialisation requests were received during the period.

Meeting Details

• Board meeting scheduled for 23 May 2026.
• Meeting will be held at the registered office.

Key Agenda Items

• Approve audited standalone and consolidated financial statements for year ended 31 March 2026.
• Approve audited standalone and consolidated financial results for quarter and year ended 31 March 2026.
• Approve statement of assets and liabilities and cash flow statement as on 31 March 2026.

Other Notes

• Trading window remains closed until 48 hours after financial results are made public.