Corporate Performance     

Published: November 15, 2024
Updated: November 15, 2024

Pavna Industries Ltd

Stellar earnings show for Q2FY25, PAT Jumps 76% YoY

Pavna Industries Limited (BSE: 543915, NSE: PAVNAIND), a leading player engaged in the business of manufacturing wide range of reliable and high-quality automotive parts for reputed OEMs, in its board meeting held on 28 October 2024, has approved its un-audited financial results for the quarter and half year ended 30 September 2024

For the quarter ended 30 September 2024 (Standalone), the company the revenue from operations was reported at Rs. 79.52 Crores, up 16% YoY. The EBITDA came in at Rs. 9.97 Crores (Q2FY25), a growth of 44% YoY. EBITDA Margins grew 239 bps, from 10.16% (Q2FY24) to 12.54% (Q2FY25). PAT grew 76% YoY, from Rs. 1.91 Crores (Q2FY24), to Rs. 3.37 Crores (Q2FY25). PAT margin came in at 4.25% (Q2FY25), improving by 144 bps YoY.

For the half year ended 30 September 2024 (Standalone), the revenue from operations was reported at Rs. 156.47 Crores, up 14% YoY. The EBITDA came in at Rs. 17.87 Crores (H1FY25), a growth of 18% YoY. EBITDA Margins came in at 11.42% (H1FY25). PAT grew 19% YoY, from Rs. 4.76 Crores (H1FY24), to Rs 5.64 Crores (H1FY25). PAT margin came in at 3.60% (H1FY25).

Commenting on the result, Mr. Swapnil Jain, Managing Director, Pavna Industries Ltd. said, “We are pleased to announce a robust performance for Q2FY25, which is a result of our expert strategic initiatives, strong market positioning, and operational resilience. As India cements its position as a global hub for auto component sourcing, Pavna Industries is well-positioned to contribute to and benefit from this momentum. We are especially encouraged by the government’s ambitious targets for the electric vehicle market, with anticipated exponential growth targets set to make India the largest EV market by 2030. Our recent initiatives, including securing a land parcel in Pantnagar for a new greenfield plant and our recent fundraise, are aligned with our long-term vision of supporting India’s EV and automotive expansion. These developments, combined with our diversified and innovative product portfolio and proximity to key auto clusters, enable us to respond swiftly to the needs of our valued OEM clients. I am confident that Pavna Industries will continue to drive growth and deliver value for our stakeholders, as we advance our commitment to quality, innovation, and customer-centricity

Earlier, the company announced that its board has approved raising of funds of up to INR 410.81 Crores by way of preferential issue of convertible warrants. The proposed allotees include FIIs Unico Global Opportunities Fund Ltd, Nexpact Ltd., North Star Opportunities Fund VCC, Eminence Global Fund PCC, AG Dynamic Funds Ltd. amongst others.

Pavna Industries Limited is engaged in the business of manufacturing wide range of reliable and high-quality automotive parts for reputed OEMs serving different vehicle segments including passenger vehicles, two wheelers, three-wheelers, heavy and light commercial vehicles, and off-road vehicles. PAVNA is a well established company in the South Asian automotive industry, with long history of innovation, technology, manufacturing and market leadership spanning over 50 years. The company has its state-of-the-art manufacturing plants located strategically in Aligarh (Uttar Pradesh), Aurangabad (Maharashtra), and Pantnagar (Uttarakhand). These plants are situated in close proximity to the plants of its OEM customers, allowing for greater interaction and timely response to their requirements. It also has diverse range of product portfolio which includes Ignition Switches, Fuel Tank Caps, Latches, Auto Locks, Switches, Oil Pump, Throttle Body, Fuel Cocks, , Casting Components, and more. The Company has wide presence in the domestic as well as export markets, exporting to several countries like Italy, Sri Lanka, Indonesia, Sudan, U.S.A. and Bangladesh. Apart from this the Company is also focused on customer centric approach catering to various esteemed Companies in the industry like Bajaj, Kawasaki, Honda, TVS, Mahindra, TATA, Escorts, Royal Enfield, Ashok Leyland, Mahindra Wheels, Eicher Motors, Tork Motors, Revolt, Mahindra Electric, etc.