INVC NEWS
Coimbatore,

The Board of Directors atPricol Limited(BSE: 540293; NSE: PRICOLLTD),one of India’s leading automotive technology companies, todayapproved the audited financial results for thequarterand the 9 months ended on December 31, 2021.

 

Performance Highlights for Standalone Operations

INR in Cr.

 

Particulars

Q3 – FY21

Q3 – FY22

9 months –FY21

9 months – FY22

Total Income

454.82

392.85

959.62

1089.14

Revenue from Operations

438.95

379.48

915.21

1048.24

Operational EBITDA

66.18

42.34

123.01

121.39

Profit Before Tax (PBT)

31.14

18.08

19.75

42.47

Profit After Tax (PAT)

19.34

13.31

11.69

28.85

 

Q3 (2021 – 2022)

 

  • Total Income stood at INR 392.85-cr in the quarter ended December 31, 2021 as against INR 454.82-cr in the corresponding quarter in FY21
  • Revenue from operations for the third quarter of FY22 stood at INR 379.48-cr as compared to INR 438.95-cr in the third quarter of FY21
  • The Company’s Earnings before Interest, Tax, Depreciation and Amortization (Operational EBITDA) stands at INR 42.34-cr for the October – December2021 quarter, as against INR 66.18-cr in October – December 2020
  • Profit Before Tax (PBT) stood at INR 18.08-cr for the third quarter of FY22 as compared to INR 31.14-cr in the thirdquarter of FY21
  • Profit After Tax (PAT) stands at INR 13.31-cr in Q3 (2021 – 2022) as against INR 19.34-cr in Q3 (2020 – 2021)

 

9 months (2021 – 2022)

 

  • Total Income stood at INR 1089.14-cr for the 9 months ended December 31, 2021 as against INR 959.62-cr in the corresponding period in FY21
  • Revenue from operations for the 9 Months in FY22 stood at INR 1048.24-cr as compared to INR 915.21-cr in the 9 Months in FY21
  • The Company’s Earnings before Interest, Tax, Depreciation and Amortization (Operational EBITDA) stands at INR 121.39-cr for April – December2021, as against INR 123.01-cr for April – December 2020
  • Profit Before Tax (PBT) stood at INR 42.47-cr for the 9 Months of FY22 as compared to INR 19.75-cr in the 9 Months of FY21
  • Profit After Tax (PAT) stands at INR 28.85-cr in the 9 Months (2021 – 2022) as against INR 11.69-cr in the 9 Months (2020 – 2021)

 

From the MD’s Desk

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”

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