Auto parts company Pricol announced Q1FY23 results: Revenue from Operations at Rs 414.57 crore, QoQ Growth: 41.61% EBITDA at Rs 48.92 crore, QoQ Growth: 49.59% EBITDA Margin at 11.80%, Corresponding Quarter FY22: 11.17% PAT at Rs 15.92 crore, QoQ Growth: 560.58% Cash Profit at Rs 35.24 crore, QoQ Growth: 48.63% Long Term Borrowings at Rs 65 crore, (Excluding ECLGS) Commenting on the performance of the Company, Mr. Vikram Mohan, Managing Director said, "The outlook for the industry remains uncertain with continued electronic chip shortage and supply chain disruptions hurting the vehicle productions of OEMs and in turn affecting our sales. Also, the trend of acute price increase of raw materials continues to remain so, eroding the bottom-line. Nevertheless, we have managed to achieve a performance better than the market inspite of such tough external conditions. With new opportunities of growth areas identified combined with new business wins awarded from our customers, we stay committed to deliver a consistent performance overall" Result PDF
Auto Parts & Equipment firm Pricol declares Q4FY22 result: Total Income stood at INR 1483.37-cr in FY22 as against INR 1,397.81-cr in FY21. Revenue from operations for the year ended March 31, 2022 stood at INR 1431 .45-cr as compared to INR 1336.15-cr in FY21. The Company's Earnings before Interest, Tax, Depreciation and Amortization (Operational EBITDA) stands at INR 174.18-cr in FY22, as against INR 178-cr in FY21. Profit Before Tax (PBT) stood at INR 68.76-cr for FY22 as compared to INR 46.52-cr in FY21. Profit After Tax (PAT) stands at INR 45.62-cr in FY22 as against INR 14.60-cr in FY21 Commenting on the company's performance, Mr. Vikram Mohan, Managing Director, Pricol Limited said, "We saw the Indian automotive sector moving into calendar year 2022 with subdued optimism and hoping for some semblance of normalcy to return in the supply chain. Despite the acute chip shortage and steep price increase of raw materials, which had a major impact on our sales and profitability, we managed to clock a decent performance better than our expectations. Whilst the economic activities are gaining momentum and covid regulations are opening up, the outlook for the industry remains bleak with continued chip shortage and supply chain disruptions. Our focus remains sharp towards meeting the customer schedules on time as much as possible while keeping a check on the cost control, thereby hoping to perform better than the market growth." Result PDF
Automobiles and Auto Parts company Pricol announced Q3FY22 results: Q3FY22: Total Income stood at Rs 392.85 crore in the quarter ended December 31, 2021, as against Rs 454.82 crore in the corresponding quarter in FY21 Revenue from operations for the third quarter of FY22 stood at Rs 379.48 crore as compared to Rs 438.95 crore in the third quarter of FY21 The Company's Earnings before Interest, Tax, Depreciation and Amortization (Operational EBITDA) stands at Rs 42.34 crore for the October - December 2021 quarter, as against Rs 66.18 crore in October - December 2020 Profit Before Tax (PBT) stood at Rs 18.08 crore for the third quarter of FY22 as compared to Rs 31.14 crore in the third quarter of FY21 Profit After Tax (PAT) stands at Rs 13.31 crore in Q3FY22 as against Rs 19.34 crore in Q3FY22 9MFY22: Total Income stood at Rs 1089.14 crore for the 9 months ended December 31, 2021 as against Rs 959.62 crore in the corresponding period in FY21 Revenue from operations for the 9 Months in FY22 stood at Rs 1048.24 crore as compared to Rs 915.21 crore in the 9 Months in FY21 The Company's Earnings before Interest, Tax, Depreciation and Amortization (Operational EBITDA) stands at Rs 121.39 crore for April - December 2021, as against Rs 123.01 crore for April - December 2020 Profit Before Tax (PBT) stood at Rs 42.47 crore for the 9 Months of FY22 as compared to Rs 19.75 crore in the 9 Months of FY21 Profit After Tax (PAT) stands at Rs 28.85 crore in the 9MFY22 as against Rs 11.69 crore in the 9MFY22 Commenting on the company's performance, Mr. Vikram Mohan, Managing Director, Pricol Limited said, "The Third quarter of the fiscal has been quite challenging for us and the sentiments are echoed across the industry. There was an acute material shortage and huge degree of fluctuation in customer demands combined with the uncertainty of Omicron spread With the economy recovering and the evolving dynamics in the industry, we were and are extremely nimble across all fronts to tackle the prevailing situation while working hard to keep operations under control to clock a decent performance above the industry norms. While still remaining cautiously optimistic about the times ahead, we are confident of our abilities and our strong product offerings to deliver profitable and sustainable growth. We are also actively working on new products and technology, and we are quite excited to announce them to the market soon" Result PDF