Monday, February 17, 2025

Pavna Industries Signs 99 year Lease Deed in SIPCOT Industrial Park

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, has announced the Acquisition of two plots located at SIPCOT Industrial Park, Shoolagiri (Future Mobility Park), Krishnagiri District (B District), Tamil Nadu on Lease for 99 years, measuring a total area of 4.33 acres, for an agreement valued at Rs. 7.36 Crores.

Earlier, the board 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. 9.97Crores (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.

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.”

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