Pricol has designated Mr. Ravi Raja Singh C as Senior Management Personnel (SMP) with effect from July 30, 2026. The decision was approved by the Board of Directors during a meeting held on July 30, 2026, which commenced at 2:00 p.m. and concluded at 4:30 p.m. This appointment ensures compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Mr. Ravi Raja Singh C currently serves as the Chief Operating Officer – Tool Room. He is aged 58 years and holds a Diploma in Mold Tech along with a Post Diploma in Plastic Mould Design. With 35 years of industry experience, he is responsible for Tooling Excellence and PCMS effectiveness within the organization.

Appointment Details

The filing states that the reason for this change is the formal designation of Mr. Ravi Raja Singh C as Senior Management Personnel under the relevant regulatory framework. The Board meeting where this approval was granted was conducted in accordance with standard corporate governance protocols.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the intimation to both the National Stock Exchange of India Limited and BSE Limited on July 30, 2026. T.G. Thamizhanban, Company Secretary of Pricol Limited (ICSI M.No: F7897), signed the communication digitally.

Pricol reported a consolidated net profit of ₹67.02 crore for the quarter ended June 30, 2026, marking a 34.34% year-on-year increase from ₹49.89 crore in the corresponding period of FY25. The growth was driven by a 23.46% rise in consolidated revenue from operations to ₹1,083.58 crore, up from ₹877.66 crore in Q1FY25. Despite the top-line expansion, profitability faced headwinds due to rising raw material prices, inventory holding costs, and freight expenses, alongside currency depreciation impacts.

The Board of Directors approved the unaudited financial results on July 30, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory Auditors Sundaram & Srinivasan issued a limited review report on the results. An investor conference call is scheduled for July 31, 2026, at 4:00 PM IST to discuss the performance.

Financial Performance

Standalone revenue from operations remained relatively flat at ₹829.97 crore, slightly down from ₹834.25 crore in the previous quarter but up 24.80% year-on-year from ₹665.25 crore. Consolidated EBITDA stood at ₹125 crore, reflecting year-on-year growth, with an EBITDA margin of 11.53% compared to 11.28% in Q1FY25. Standalone net profit declined 37% quarter-on-quarter to ₹49.43 crore from ₹78.20 crore, primarily due to a sharp fall in other income to ₹1.77 crore from ₹26.88 crore in the prior period.

Consolidated other income declined to ₹2.42 crore from ₹4.05 crore in the previous quarter. Employee benefits expense rose to ₹94.28 crore standalone and ₹126.56 crore consolidated, indicating increased operational costs alongside revenue growth.

What the Numbers Show

The divergence between stable revenue and declining quarterly profitability highlights a reliance on non-operational gains in the previous quarter. While core operations generated consistent revenue, the absence of the ₹26.88 crore other income seen in Q4FY26 significantly impacted the standalone bottom line. However, the strong year-on-year growth in consolidated PAT demonstrates resilience in core operational earnings despite margin pressures from input cost inflation and global supply chain disruptions.

Corporate Developments

The Board previously approved a Scheme of Arrangement on June 27, 2026, involving the demerger of its Driver Information & Connected Vehicle Solutions (DICVS) business into Pricol Autotech Limited, subject to requisite approvals. The company's operations remain primarily focused on the Automotive Components segment as per Ind AS 108.

Pricol received the "Best Localisation Through VA-VE" Award from Suzuki Motorcycle India at its Annual Supplier Conference, recognising the team's focus on innovation, localisation and value engineering. Additionally, Pricol was honoured with the "Winner Award – Champions of ESG FY27" by Ashok Leyland for its commitment to Environmental, Social, and Governance excellence.