Auto parts & equipment frim Pricol announced Q3FY23 result: Consolidated Q3FY23: Revenue from Operations Rs 458.16 crore corresponding QoQ growth: 16.07%. EBITDA Rs 51.81 crore corresponding QoQ Growth:8.38%. EBITDA Margin Q3FY23: 11.31%. PAT Q3FY23: Rs 26.76 crore corresponding QoQ growth: 54.27%. Consolidated 9MFY23: Revenue from Operations 9MFY23: Rs 1,393.15 crore corresponding 9MFY23 growth: 27.07%. EBITDA 9MFY23: Rs 173.46 crore corresponding 9MFY23 growth:27.15 %. EBITDA Margin 9MFY23: 12.45 %. PAT 9MFY23: Rs 85.13 crore corresponding 9MFY23 growth: 124.29%. Management Comments: "With the rising focus on EV penetration, we have a leading advantage as a company given the robust product portfolio that is 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 the industry, especially in the EV space. In Q3FY23, we had a significant impact on our topline because of an acute IC shortage due to the internal consolidation activity of one of our key IC suppliers, due to which we were unable to fulfill 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 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 order book." Result PDF
Auto parts & equipments firm Pricol announced Q2FY23 results: Consolidated Q2FY23: Revenue From Operations Q2FY23: Rs.501.00 crore QoQ Growth: 26.64% EBITDA Q2FY23: Rs.65.00 crore QoQ Growth: 28.67% EBITDA Margin Q2FY23: 12.97 % PAT Q2FY23: Rs.37.78 crore QoQ Growth: 157.53% Consolidated H1FY23: Revenue From Operations H1FY23: Rs.934.99 crore Corresponding HY Growth: 33.26% EBITDA H1FY23: Rs.121.65 crore Corresponding HY Growth: 37.27% EBITDA Margin H1FY23: 13.01 % PAT H1FY23: Rs.58.37 crore Corresponding HY Growth 183.21% Commenting on the performance of the Company, Mr. Vikram Mohan, Managing Director said "Whilst the demand from the industry remains stable, the supply chain disruptions and chip shortages still continue to put a stress on our topline and bottom-line. With our focused efforts to meet the customer demand despite such external conditions, we managed to report highest ever quarterly revenue performing better than the market and clocking a sustained quarter on quarter bottom-line. With sharp increases in Forex and electronic components' price continuing as a risk to erode the profitability, we are taking all possible measures to keep costs under control, hoping to perform better than the market and provide a consistent performance. With our new business wins and product launches exclusively for EV vehicles, we have generated a robust order book for upcoming years, and we are excited about the avenues of growth from new age EV companies." Result PDF