Pricol Limited has announced its audited financial results for the quarter and year ended March 31, 2026, reporting a significant surge in operational performance. The company achieved a consolidated revenue from operations of ₹3,963.85 crore for FY26, marking a growth of 51.24% compared to the previous financial year. This performance was driven by a balanced mix of organic and inorganic growth strategies, enabling the company to surpass the ₹4,000 crore milestone in total income. The results were disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following a Board meeting held on May 14, 2026. A newspaper advertisement in respect of the audited financial results was subsequently filed on May 15, 2026.

Financial Performance

For the fourth quarter of FY26, the company reported a consolidated revenue from operations of ₹1,077.90 crore, a 43.34% increase year-on-year. EBITDA for Q4-FY26 reached ₹143.28 crore, expanding by 62.27%, with an EBITDA margin of 13.29%. Profit after tax (PAT) for the quarter stood at ₹73.23 crore, and basic and diluted EPS came in at ₹6.00, reflecting a YoY growth of 109.06%. The following table summarises the consolidated financial performance:

Standalone Financial Results

On a standalone basis, Pricol reported total income of ₹3,126.97 crore for FY26, compared to ₹2,542.38 crore in the previous year. For Q4-FY26, standalone total income stood at ₹882.43 crore against ₹627.01 crore in Q4-FY25. The standalone net profit after tax for the quarter was ₹78.20 crore, up from ₹27.98 crore in the corresponding quarter of the previous year. For the full year, standalone net profit after tax stood at ₹207.34 crore, compared to ₹142.46 crore previously. The table below presents the key standalone financial metrics:

Business Highlights and Management Commentary

During FY26, Pricol received the "Excellence in New Model Cost & Development Award" at the Honda Annual Supplier Convention 2026. The company also secured Silver Awards in three categories at the TVS Motors and ACMA TPM Implementation Supplier Cluster Event. Commenting on the company's performance, Mr. Vikram Mohan, Chairman & Managing Director, stated that FY26 was a defining year for the global automotive industry, marked by supply chain disruptions, geopolitical trade tensions, and continued market volatility. He noted that Pricol demonstrated strong resilience, agility, and execution excellence, enabling the company to outperform the market and achieve the significant milestone of ₹4,000 crore in total income. Management also acknowledged that evolving global geopolitical developments — resulting in currency volatility, elevated commodity prices, and higher freight costs — may exert pressure on demand and cost structures. Despite these headwinds, the management remains focused on mitigating risks through operational efficiencies, disciplined cost management, and strategic planning.

Board Leadership Changes

The Board of Directors approved several key appointments effective May 14, 2026. Mrs. Vanitha Mohan resigned as Chairman of the Board, a position she held for nine years, after 35 years with Pricol. Following her resignation, Mr. Vikram Mohan, the Managing Director, was appointed as the Chairman of the Board, with his designation updated to Chairman & Managing Director. Mr. Vikram Mohan, 50 years of age, holds a Bachelor's degree in Production Engineering with Honours from PSG College of Technology, Coimbatore, and has 30 years of experience in the auto component and various other industries. The Board also appointed Ms. Madhura Mohan (DIN: 08536751) as an Executive Director and Mr. Siddharth Manoharan (DIN: 08457275) as a Group Executive Director, both effective May 14, 2026, subject to shareholder approval at the upcoming Annual General Meeting.

Ms. Madhura Mohan, 25 years of age, holds a Bachelor of Science (Honours) degree in Business and Management from Brunel University, London, and is a third-generation member of the promoter family, actively associated with the company since September 2023. Mr. Siddharth Manoharan, 35 years of age, holds a Bachelor's degree in Engineering in Electronics and Communication from PSG College of Technology, Coimbatore, and a dual MBA from Fudan School of Management and MIT Sloan School of Management, with nine years of experience in the Pricol Group driving growth strategies, mergers and acquisitions, and strategic partnerships.

Corporate Governance and Guarantees

The Board fixed August 5, 2026 as the date for the 15th Annual General Meeting, to be held via video conference, with July 29, 2026 set as the record date for e-voting. The interim dividend paid during the year will be treated as the dividend for FY 2025-2026, and no final dividend has been recommended. In a strategic move to support its wholly owned subsidiary, the Board approved providing an additional corporate guarantee of up to ₹150 crore to Pricol Precision Products Private Limited, in addition to the existing corporate guarantees of ₹250 crore. This guarantee is classified as a contingent liability in the financial statements and has no other impact on the company at this point.

An investor conference call to discuss the financial results was scheduled for Friday, May 15, 2026 at 04:00 PM (IST), accessible via universal dial-in numbers +91 22 6280 1341 / +91 22 7115 8242.

Pricol Limited's Board of Directors, at its meeting held on 14th May 2026, approved the audited standalone and consolidated financial results for the quarter and year ended 31st March 2026. The results were reviewed by the Audit Committee and approved pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory auditors Sundaram & Srinivasan, Chartered Accountants, issued an unmodified opinion on both the standalone and consolidated financial results, as declared by Chief Financial Officer Priyadarsi Bastia.

Strong Revenue Growth Across Standalone and Consolidated Operations

Pricol delivered a notable improvement in revenues during FY26. On a standalone basis, revenue from operations reached ₹3,019.07 crores for the year ended 31st March 2026, compared to ₹2,457.98 crores in the year ended 31st March 2025. On a consolidated basis, revenue from operations grew to ₹3,963.85 crores in FY26 from ₹2,620.91 crores in FY25. Total consolidated income for FY26 stood at ₹4,052.37 crores, up from ₹2,708.56 crores in the prior year.

The following table summarises the key income and profitability metrics for the full year ended 31st March 2026:

Q4 FY26 Quarterly Performance

For the quarter ended 31st March 2026, Pricol reported standalone revenue from operations of ₹834.25 crores, compared to ₹606.43 crores in the quarter ended 31st March 2025. Standalone net profit for the quarter stood at ₹78.20 crores versus ₹27.98 crores in the corresponding prior-year quarter. On a consolidated basis, revenue from operations for Q4 FY26 was ₹1,077.90 crores against ₹752.01 crores in Q4 FY25, with consolidated net profit at ₹73.23 crores compared to ₹34.95 crores. Consolidated EBITDA for Q4 FY26 grew to ₹1.3B rupees from ₹802M rupees in the same period last year, with the EBITDA margin expanding to 12.13% from 10.70% on a year-on-year basis.

Earnings Per Share and Reserves

Standalone basic and diluted earnings per equity share (face value ₹1/-) for FY26 stood at ₹17.01, compared to ₹11.69 in FY25. On a consolidated basis, basic and diluted EPS for FY26 was ₹20.57 against ₹13.70 in FY25. Standalone reserves excluding revaluation reserves as at 31st March 2026 were ₹1,118.49 crores (₹936.72 crores as at 31st March 2025), while consolidated reserves stood at ₹1,242.70 crores (₹1,003.84 crores as at 31st March 2025). Paid-up equity share capital remained unchanged at ₹12.19 crores.

Balance Sheet Highlights

Pricol's standalone total assets grew to ₹2,009.91 crores as at 31st March 2026 from ₹1,644.61 crores as at 31st March 2025. On a consolidated basis, total assets increased to ₹2,475.30 crores from ₹1,949.36 crores over the same period. Standalone total equity rose to ₹1,130.68 crores from ₹948.91 crores, while consolidated total equity stood at ₹1,254.89 crores compared to ₹1,016.03 crores in the prior year.

Cash Flow and Operational Highlights

For the year ended 31st March 2026, standalone net cash from operating activities was ₹195.52 crores, while consolidated net cash from operating activities stood at ₹281.26 crores. Standalone cash and cash equivalents at the end of the period were ₹14.78 crores, up from ₹4.29 crores at the beginning of the period. On a consolidated basis, cash and cash equivalents at period-end were ₹117.90 crores compared to ₹101.08 crores at the start of the year. The company's operations relate primarily to one segment — Automotive Components — as reported under Ind AS 108.

The consolidated financial results include the audited financials of subsidiaries — Pricol Asia Pte. Limited (Singapore), Pricol Precision Products Private Limited (Coimbatore), PT Pricol Surya (Indonesia), Pricol Autotech Limited (Coimbatore, with effect from 20th February 2026), and Pricol Asia Exim DMCC (Dubai), a subsidiary of Pricol Asia Pte. Limited. The three overseas subsidiaries (including one step-down subsidiary) reported total assets of ₹407.59 crores as at 31st March 2026, total revenues of ₹1,111.92 crores for the year ended 31st March 2026, and total net profit after tax of ₹32.48 crores for the same period.