Pricol reports 32% yoy drop at Rs13.13cr in Q3 PAT

10 Feb 2022 , 09:34 AM

The Board of Directors at Pricol Limited, one of India’s leading automotive technology companies, has approved the audited financial results for the quarter and the 9 months ended on December 31, 2021.

Q3 (2021 – 2022)

• Total Income stood at Rs392.85cr in the quarter ended December 31, 2021 as against Rs454.82cr in the corresponding quarter in FY21
• Revenue from operations for the third quarter of FY22 stood at Rs379.48cr as compared to Rs438.95cr in the third quarter of FY21
• The Company’s Earnings before Interest, Tax, Depreciation and Amortization (Operational EBITDA) stands at Rs42.34cr for the October – December 2021 quarter, as against Rs66.18cr in October – December 2020
• Profit Before Tax (PBn stood at Rs18.08cr for the third quarter of FY22 as compared to Rs31.14cr in the third quarter of FY21
• Profit After Tax (PAn stands at Rs13.31cr in Q3 (2021 – 2022) as against Rs19.34cr in Q3 (2020 – 2021)

9 months (2021 – 2022)

• Total Income stood at Rs1089.14cr for the 9 months ended December 31, 2021 as against Rs959.62cr in the corresponding period in FY21
• Revenue from operations for the 9 Months in FY22 stood at Rs1048.24cr as compared to Rs915.21cr in the 9 Months in FY21
• The Company’s Earnings before Interest, Tax, Depreciation and Amortization (Operational EBITDA) stands at Rs121.39cr for April – December 2021, as against Rs123.01cr for April – December 2020
• Profit Before Tax (PBn stood at Rs42.47cr for the 9 Months of FY22 as compared to Rs19.75cr in the 9 Months of FY21
• Profit After Tax (PAn stands at Rs28.85cr in the 9 Months (2021 – 2022) as against Rs11.69cr in the 9 Months (2020 – 2021)

Commenting on the company’s performance, 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.”

At around 9:32 AM, Pricol was trading at Rs130.60 per piece higher by 0.04% on Sensex.