Shares of Birla Precision Technologies Limited hit a 10% upper circuit on 12 February after the company announced its quarterly earnings for October-December.

In its quarterly report, the company reported a 72.61% year-on-year increase in its net profit to Rs 7.06 crore for the quarter under review from Rs 4.09 crore reported in the same quarter last year. 

The revenue from operations during the quarter stood at Rs 67.29 crore, marking a 13.95% YoY increase from Rs 59.05 crore reported in the same quarter of the previous fiscal year.

During the quarter, 96.89% of the revenue from operations came from the company’s tooling business, 3.03% came from its automotive components business, and 0.07% came from other businesses. 

The company is in the engineering business and is engaged in the manufacturing and sale of machine tool accessories, precisions/automotive components, tools, and castings. 

The operation of the company is divided into three segments: 

1. Automobiles & Auto Components: This segment fabricates castings, machined products, and precision components. 
2. Tools: This segment is branded as BPT, which offers to collect chucks, VDI shanks, side lock adapters, and Tapping systems. 
3. Precision Components: This segment manufactures engine components, shafts, spools, and other products.

At 3:30 pm, the shares of Birla Precision closed 10% higher at Rs 61.62 on BSE.