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Pricol Ltd Q1FY22 consolidated net profit climbs to Rs 5 94 crore
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Pricol posts ₹2-crore PAT in Q1 - The Hindu BusinessLine
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Pricol revenue up - The Hindu
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Read more about Pricol declines after Q4 PAT slumps 76% YoY on Business Standard. Pricol fell 2.06% to Rs 83.25 after the company s consolidated net profit (from continuing operations) tumbled 76.03% to Rs 1.40 crore on 59.7% surge in net sales to Rs 429.70 crore in Q4 March 2021 over Q4 March 2020.
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Automotive component manufacturer Pricol registered a profit of ₹14.6 crore for FY21 as against a loss of ₹ 212.9 crore in FY20.
According to a company statement, total income stood rose to ₹1,397.8 crore from ₹1,213 crore. Revenue from operations was ₹1,336.2 crore (₹1,139.1 crore).
The first wave of COVID-19 and the subsequent lockdown had a major impact on the company’s performance in the first quarter of last fiscal, said Vikram Mohan, MD.
While the company bounced back strongly, commodity prices had an impact in the fourth quarter. But, Pricol is bullish about the long-term prospects as it had invested heavily in technology and capacity building in the previous years, he added. Its thrust on exports had helped it introduce new products and increase its market share, he said.