Pricol Limited , a leading auto component manufacturer, has announced its financial results for the first quarter, showcasing robust growth and strategic advancements.

Financial Highlights

Pricol Limited reported consolidated revenue from operations of INR 8,776.60 crore for Q1, marking a significant year-on-year growth of 45.57%. The company's EBITDA stood at INR 1,018.62 crore, reflecting a 26.30% increase from the previous year. The EBITDA margin for the quarter was 11.61%.

Profit After Tax (PAT) reached INR 498.94 crore, showing a 9.51% growth year-on-year. The company's Basic Earnings Per Share (EPS) for the quarter was INR 4.09.

Strategic Partnerships and Product Launches

Pricol has entered into a Technology License Agreement with Italy-based DOMINO S.R.L., a global leader in motorcycle control systems. This partnership aims to expand advanced two-wheeler handlebar control technologies across India and Southeast Asia, positioning Pricol for innovation-driven growth in the automotive components sector.

The company also launched several new products during Q1, including:

• LCD display systems for Bajaj RE & Maxima and Chetak models
• TFT display system for TVSM iQube
• LCD display systems for Force Motors T3 CNG, TATA Motors Altroz Facelift & CNG, and TATA Hitachi Backhoe Loader Shinrai Pro

Awards and Recognition

Pricol's commitment to excellence was acknowledged through multiple awards:

• Received the "Special Support In Supply Chain" award from Suzuki Motorcycle India Limited for the fourth consecutive year
• Honored with the "Excellence in Business Competitiveness" award by Ather Energy
• Recognized with the "Supplier Excellence Recognition" award by Mann + Hummel

Market Position

As of the end of the quarter, Pricol Limited's stock closed at INR 458.90, with a market capitalization of INR 5,593.14 crore. The company's shareholding pattern shows promoter holding at 38.51%, while Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) hold 16.07% and 15.50% respectively.

Management Commentary

Mr. Vikram Mohan, Managing Director of Pricol Limited, commented on the company's performance: "We have made meaningful progress this quarter by staying focused on our core strengths: operational excellence, technology integration, and market-driven solutions. We are closely monitoring the demand across key segments considering the external dynamics due to rare earth magnet shortage and we remain confident in our ability to sustain and build on this momentum. We are also excited about recent technology partnerships which will be an additional growth driver for the company."

Pricol Limited continues to demonstrate its resilience and adaptability in the dynamic automotive components market, with a strong focus on innovation and strategic partnerships driving its growth trajectory.

Pricol Limited, a leading automotive technology and precision-engineered products company, has announced its financial results for the first quarter, showcasing significant growth across key financial metrics.

Strong Revenue Growth

Pricol reported a consolidated revenue from operations of ₹8,776.60 crore for Q1, marking a substantial year-on-year growth of 45.57% compared to the same quarter in the previous fiscal year. This impressive growth underscores the company's strong market position and increased demand for its products.

Profitability Metrics

The company's consolidated net profit for the quarter stood at ₹498.94 crore, representing a 9.51% increase from the corresponding period last year. This growth in profitability demonstrates Pricol's ability to manage costs effectively while expanding its operations.

EBITDA Performance

Pricol's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for Q1 reached ₹1,018.62 crore, showing a robust year-on-year growth of 26.30%. However, the EBITDA margin for the quarter was 11.61%, which indicates a slight decline compared to the previous year's figure of 13.35%.

Key Business Highlights

• Pricol has entered into a Technology License Agreement with Italy-based DOMINO S.R.L., a global leader in motorcycle control systems. This partnership aims to expand advanced two-wheeler handlebar control technologies across India and Southeast Asia.
• The company received an award from Suzuki Motorcycle India Limited for "Special Support In Supply Chain" at the Annual Vendor Conference, marking the fourth consecutive year of recognition as the Best Supplier.
• Pricol's subsidiary, Pricol Precision Products Private Limited (P3L), was awarded the "Excellence in Business Competitiveness" award by Ather Energy and the "Supplier Excellence Recognition" award by Mann + Hummel.

Management Commentary

Mr. Vikram Mohan, Managing Director of Pricol, commented on the company's performance, stating, "We have made meaningful progress this quarter by staying focused on our core strengths: operational excellence, technology integration, and market-driven solutions. We are closely monitoring the demand across key segments considering the external dynamics due to rare earth magnet shortage and we remain confident in our ability to sustain and build on this momentum."

Financial Position

The company's financial results reflect a strong balance sheet and cash flow position. Pricol's cash profit for Q1 stood at ₹793.42 crore, indicating a solid financial foundation for future growth and investments.

Outlook

With its recent technology partnerships and focus on innovation-driven growth, Pricol is well-positioned to capitalize on emerging opportunities in the automotive components sector. The company's management expressed confidence in their ability to navigate challenges and maintain growth momentum in the coming quarters.

Investors and analysts can participate in a conference call scheduled for August 1st at 04:00 PM (IST) to discuss the Q1 results in detail with the company's management team.