
Precision Electronics Reports Strong Q1 FY25 Results with 211% YoY Revenue Growth
Precision Electronics Limited, a leading provider of Tactical Infrastructure and Defence solutions, announced its financial results for the first quarter of FY2024-25. The company reported a revenue of 322.38 crore, representing a 24% QoQ growth and a 211% YoY growth. The Tactical Infrastructure segment, including Telescopic Masts, Tripods, and Pan-Tilt Units, has nearly doubled its revenue each year since FY2022. A military of a major Western nation has selected PEL’s Tactical Infra systems, validating the company’s engineering excellence and global competitiveness. PEL is also expanding into precision-machined parts for the Aerospace & Defence sectors, securing Letters of Intent worth ¥65 crore from major OEMs. The company is doubling its production capacity and has taken 7,000 Sq Mt additional space in Haryana.
Key Highlights
- Q1 FY25 Revenue: 322.38 crore
- 24% Quarter-on-Quarter (QoQ) Growth
- 211% Year-on-Year (YoY) Growth
- Tactical Infrastructure segment revenue nearly doubled since FY2022
- Selected by a major Western nation's military for Tactical Infra systems
- Secured Letters of Intent worth ¥65 crore from major OEMs for Aerospace & Defence machining
- Doubling production capacity and taking additional 7,000 Sq Mt space in Haryana