PRICOL REPORTS Q3-FY24 CONSOLIDATED PAT OF INR 340.18 Mn WITH A 27.11 % GROWTH COMPARED TO Q3-FY23.

February 2nd, 2024: Pricol Limited (BSE: 540293 & NSE: PRICOLLTD), one of India’s leading auto component manufacturers, announces its results for the third quarter of financial year 2023-24.

Q3-FY24 Consolidated Financial Performance:

RevenueQ3-FY24: INR 5,571.91 MnYoY Growth: 21.61 %EBITDAQ3-FY24: INR 696.85 MnYoY Growth: 34.49 %EBITDA MarginQ3-FY24: 12.51 %PATQ3-FY24: INR 340.18 MnYoY Growth: 27.11%

9M-FY24 Consolidated Financial Performance:

Revenue9M-FY24: INR 16,419.57 MnYoY Growth: 17.86 %EBITDA9M-FY24: INR 2,060.58 MnYoY Growth: 18.79 %EBITDA Margin9M-FY24: 12.55 %PAT9M-FY24: INR 991.10 MnYoY Growth: 4.46%

Q3-FY24 Business Highlights:

• Award received from Daimler Truck for “Technology and Innovation” at their Annual Supplier Meet 2023  

• Award received from JCB for “Best Quality Performance” at the Supplier Meet 2023. 

• Gold Award received from Tata Motors for Total Quality Management (TQM).

Management Comments:

Commenting on the performance of the company, Mr. Vikram Mohan, Managing Director said: “With our sustained efforts and team’s support, we have reported a good set of numbers in Q3 FY24. We continue to receive multiple awards from various customers which further strengthens their trust in our work and we remain committed to deliver excellence across all facets of the business operations. We expect this growth trajectory to continue thereby providing increased value to all stakeholders in the years to come.” 

Financial Statements:

Results for the quarter ended December 31, 2023, prepared under Ind AS, along with segment results, are available in              the Investor Relations section of our website https://pricol.com/ 

Quarterly Conference Call:

The earnings conference call will be held on Friday, February 2,2024 at 04:00 PM (IST) to discuss the Financial Results and performance of the company for the quarter ended December 31, 2023. 

The earnings conference call will be accessible from all networks and countries through universal access dial-ins +91 22 6280 1341 / +91 22 7115 8242 also accessible at:  https://bit.ly/3S5XPfs

Further, the analyst(s)/institutional investor(s) presentation will be submitted to Stock Exchanges and shall also be hosted on the Company’s website at https://pricol.com/ 

About Pricol Limited:

Pricol Limited (BSE: 540293, NSE: PRICOLLTD) is one of India’s leading dashboard manufacturers head quartered in Coimbatore, South India. The company carries out its business and operations in Driver Information & Connected Vehicle Solutions and Actuation, Control and Fluid Management Systems catering to leading automotive OEMs in Two / Three-Wheeler, Passenger Vehicles, Commercial Vehicles, Farm Equipment and Off-Road Vehicles across India and International markets (45+ countries) with 2000+ product variants. 

The company has 8 manufacturing facilities across Coimbatore, Manesar, Pantnagar, Pune, Satara and Sri city in India, 1 manufacturing plant in Jakarta, Indonesia with 3 international offices in Tokyo, Singapore and Dubai. 

Follow Pricol Limited on LinkedIn: https://in.linkedin.com/company/pricol-limited  

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