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Pricol Reports 9m Fy23 Consolidated Pat Of Inr 85.13 Cr With A 124.29% Growth compared To 9m Fy22.
Date: February 9, 2023
Coimbatore- Pricol Limited., an auto component manufacturer, announced its results for the third quarter of financial year 2022-23.
The company reports its Q3-FY23 Consolidated Financial Performance with
· 485.16 Crs Revenue from Operations which is 16.07% growth corresponding to the previous year.
· 51.81 Crs as EBITDA which is 8.38% of growth corresponding to the previous quarter, with a EBITDA margin of 11.31%.
· 26.76 Crs as PAT, which is 54.27% more than the previous quarter.
With respect to the 9M-FY23 Segmental Performance:
· 85.13 Crs as PAT, which is 124.29% more than the previous quarter
*Excluding exceptional items of INR 9.75 Crs
Q3-FY23 Business Highlights:
The company states that, “With the rising focus on EV penetration, we have a leading advantage as a company given the robust product portfolio that are EV agnostic. We have launched a whole host of next-gen technology products/solutions that can be deployed across all vehicle segments. Being in the technology and solutions space, we have focused on building the talent and resources to scale up in-line with the expected growth of industry especially in the EV space.
In Q3 FY 23, we had a significant impact on our topline because of acute IC shortage due to internal consolidation activity of one of our key IC suppliers, due to which we were unable to fulfil the customer demands. This in turn affected our bottom-line because of loss in sales and other costs such as premium freights. With our collective efforts, we overcame these challenges and reported a healthy set of numbers in Q3 and we believe the worst is behind us in supply chain constraints and we will continue to deliver a consistent performance in the upcoming quarters with healthy orderbook.”
About Pricol Limited:
Pricol Limited (is one of India's leading dashboard manufacturers head quartered in Coimbatore, South India. The company carries out its business and operations in Driver Information Systems and Sensors, Pumps and Allied Products, Telematics and Wiping Systems catering to leading automotive OEMs in Two / Three-Wheeler, Passenger Vehicles, Commercial Vehicles, Farm Equipment and Offroad Vehicles across India and in international markets (45+ countries) with 2000+ product variants. The company has 8 manufacturing facilities across Coimbatore, Manesar, Pantnagar, Pune, Satara and Sri city in India, 1 manufacturing plant in Jakarta, Indonesia with 3 international offices in Tokyo, Singapore and Dubai.
