Coimbatore- Pricol Limited., an Indian auto component manufacturer, announces its results for the first quarter of financial year 2023-24.
The company reported Revenue From Operations for Q1-FY24 as INR 5,221 Million which is a 20.31% growth corresponding to the previous quarter. EBITDA for Q1-FY24 stood at INR 665 Million which is 17.39% increase corresponding to the previous quarter. EBITDA Margin stood at 12.74%. Profit After Tax (PAT) for the Q1-FY24 stood at INR 319 Million which is 55.09% than the previous quarter.
Commenting on the performance of the Company, Mr. Vikram Mohan, Managing Director said, “With a strategic vision, collective efforts and unwavering support of our team, we have reported a sharp increase in the revenue this quarter and achieved the highest ever topline in Q1 in the history of our company. The numbers are also higher than the revenue reported during Q4 in the previous financial year, which clearly shows an upward trend in line with our vision. Not only did we achieve good financial results, but we also secured multiple prestigious awards during the quarter which further strengthened our customer’s trust in our work. This trajectory is a testament to the sheer dedication of our teams who have worked to deliver this performance. We are confident to scale even higher and deliver maximum value to all our stakeholders in the years to come.”
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