Pix Transmissions Limited shares hit the 20% upper circuit at ₹2,019.60 on the NSE following the company’s robust Q2 FY25 financial results. The company reported a substantial increase in both sales and profits for the quarter ended September 2024.
In Q2 FY25, Pix Transmissions’ net profit surged by 95.89% to ₹40.53 crore, compared to ₹20.69 crore in the same quarter last year. This impressive growth in profit was driven by strong revenue performance and improved operational efficiency.
Sales for the quarter grew 27.89% year-over-year to ₹159.06 crore, up from ₹124.37 crore in Q2 FY24. The company also reported an improvement in its operating profit margin, which rose to 31.74%, compared to 25.19% in the same period last year.
Other financial highlights include:
- Profit Before Depreciation and Tax (PBDT): ₹60.35 crore, a 79% increase from ₹33.69 crore last year.
- Profit Before Tax (PBT): ₹54.29 crore, a 94% increase from ₹27.94 crore in Q2 FY24.
Pix Transmissions, known for its range of industrial belts and power transmission products, has demonstrated strong financial performance amidst challenging market conditions. As of 10:04 am, the stock was locked in the 20% upper circuit on NSE, reflecting investor optimism and confidence in the company’s growth trajectory.
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