Pritika auto industries Ltd has successfully emerged as the highest bidder in an e-auction for industrial land and building in Punjab, marking a significant step in the company's expansion strategy. The official liquidator attached to the High Court of Punjab and Haryana declared the company's bid as successful on February 20, 2026.

Property Acquisition Details

The acquired property is strategically located at Village Simbli, Hoshiarpur Phagwara Road, Hoshiarpur, Punjab, covering a substantial area of 64 Kanals. The property comprises two separate land parcels documented under Wasika numbers 3348 and 3347, both dated October 1, 1993.

Financial Commitment and Payment Structure

The company has demonstrated strong financial commitment by adhering to the structured payment schedule outlined in the e-auction terms. The payment framework requires strategic disbursement across multiple phases to secure the property acquisition.

The payment schedule mandates 10% deposit before bidding, 25% within seven days of auction completion, and full settlement within 60 days of High Court approval.

Strategic Expansion Initiative

This acquisition represents a calculated expansion move for Pritika Auto Industries, with the company explicitly stating the property's intended use for future expansion. The industrial land provides substantial space for manufacturing operations and infrastructure development.

Regulatory Compliance

The transaction has been disclosed under Regulation 30 of SEBI (LODR) Regulations 2015, ensuring full transparency with stock exchanges. The company confirmed this is not a related party transaction and will not impact management control structure.

Transaction Framework

The e-auction was conducted by the official liquidator attached to the High Court of Punjab and Haryana, Chandigarh, ensuring legal compliance and transparent bidding process. The acquisition includes existing plant and machinery on the premises, potentially providing additional operational value for the company's expansion plans.

Pritika Auto Industries Limited announced strong Q3FY26 financial results, demonstrating robust growth across key operational and financial metrics. The leading tractor components manufacturer reported consolidated revenue of ₹113.43 crore for the quarter ended December 31, 2025, marking a significant 40.64% year-on-year increase from ₹80.65 crore in Q3FY25.

Strong Production and Revenue Performance

The company's operational performance was particularly impressive, with production volumes reaching 13,160 tons in Q3FY26, representing a substantial 41.10% year-on-year growth from 9,327 tons in the corresponding quarter of the previous year. This strong production growth was driven by healthy demand from key OEM customers and improved operational efficiency.

Profitability and Margin Analysis

EBITDA for Q3FY26 increased by 37.01% to ₹18.34 crore compared to ₹13.38 crore in Q3FY25, reflecting continued operating efficiency and cost discipline. However, EBITDA margin contracted slightly to 16.17% from 16.59% in the previous year, a decrease of 42 basis points. Profit after tax grew 29.43% to ₹5.73 crore, while PAT margin stood at 5.05% compared to 5.49% in Q3FY25. Basic earnings per share for the quarter was ₹0.31.

Nine-Month Performance Highlights

For the nine-month period ended December 31, 2025, Pritika Auto Industries demonstrated consistent growth momentum. Production volumes reached 38,427 tons, up 29.29% from 29,722 tons in 9M FY25. Net revenue for the nine-month period was ₹344.48 crore, representing a 34.97% year-on-year increase from ₹255.23 crore, supported by volume growth and improved product mix.

EBITDA for 9M FY26 was ₹54.39 crore, up 27.00% from ₹42.83 crore in the previous year. However, profit after tax for the nine-month period was ₹18.43 crore, down 5.36% from ₹19.47 crore in 9M FY25. Basic EPS for the nine-month period stood at ₹1.00.

Strategic Growth Plans and Management Outlook

Chairman & Managing Director Harpreet Singh Nibber highlighted the company's strategic capital expenditure program aimed at capacity expansion, product enhancement, and operational efficiency improvements. The planned investments are expected to enhance manufacturing capabilities, improve economies of scale, and support new business opportunities. The company has submitted an investor presentation to stock exchanges under Regulation 30 of SEBI regulations, providing comprehensive overview of financial position and business operations.

For FY26, the company is targeting 20-25% revenue growth, driven by robust demand from existing customers, strategic entry into Railways, and the launch of new high-value products. Management believes these investments will translate into substantial revenue growth in the coming years, supported by strong customer relationships, increasing content per vehicle, and a favorable long-term outlook for the automotive and allied sectors.

Company Profile and Manufacturing Capabilities

Pritika Auto Industries Limited, established in 1974, is a leading manufacturer of tractor components in India with manufacturing facilities at Derabassi, Hoshiarpur, Mohali (Punjab), and Tahliwal (Himachal Pradesh). The company has a total capacity of over 72,000 metric tons per annum and supplies to major OEMs including M&M Swaraj, Swaraj Engines Ltd, TAFE, Escorts, SML Isuzu, TMTL, Ashok Leyland, and New Holland Tractors India Ltd.

The company maintains long-standing relationships with key customers, including Escorts for over 50 years, TAFE for 27+ years, and M&M for 19+ years, demonstrating strong market positioning and customer loyalty in the tractor components manufacturing sector.