Pricol Limited Q3FY26 Earnings Call Highlights Strategic Partnerships and Growth
Pricol Limited conducted its Q3FY26 earnings call on January 30, 2026, showcasing impressive consolidated revenue growth of 65.67% to ₹1,020.36 crores and announcing strategic partnerships with BOE for LCD/TFT backward integration and Domino for switch development. The company's polymer division Pricol Precision operates at 90% capacity utilization with plans for expansion, while disc brake production is set to begin with a major OEM in Q1 FY27.
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Pricol Limited has delivered impressive financial results for the third quarter of FY26, demonstrating strong operational performance across key metrics. The automotive components manufacturer reported significant growth in both revenue and profitability, reflecting the company's robust market position.
Financial Performance Overview
The company's standalone financial results show remarkable improvement across all major parameters. Revenue from operations surged to ₹780.99 crores in Q3FY26, marking a substantial 27.6% increase from ₹612.10 crores recorded in Q3FY25.
| Metric | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations | ₹780.99 crores | ₹612.10 crores | +27.6% |
| Net Profit | ₹44.46 crores | ₹35.62 crores | +24.8% |
| Total Income | ₹800.92 crores | ₹633.18 crores | +26.5% |
| Basic EPS | ₹3.65 | ₹2.92 | +25.0% |
Consolidated Performance Milestone
On a consolidated basis, the company achieved a significant milestone by crossing the thousand crore mark during Q3. Management expressed satisfaction with consolidated revenue from operations reaching ₹1,020.36 crores compared to ₹615.91 crores in Q3FY25, representing a growth of 65.67%. Consolidated net profit increased to ₹63.69 crores from ₹41.45 crores in the previous year.
| Parameter | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| Consolidated Revenue | ₹1,020.36 crores | ₹615.91 crores | +65.67% |
| Consolidated EBITDA | ₹125.00 crores | - | +12.19% |
| Consolidated PAT | ₹63.69 crores | ₹41.45 crores | +6.24% |
| Consolidated EPS | ₹5.22 | ₹3.40 | - |
Strategic Partnerships and New Products
During the earnings call held on January 30, 2026, management highlighted several strategic initiatives. The company has signed an exclusive MOU with BOE, the world's largest display maker, for backward integration of LCD and TFT displays. This partnership aims to enhance localization activities in India for the company's growing display business.
Additionally, Pricol has partnered with Domino, a pioneer in premium switches and throttles for European two-wheeler customers, for joint development of switches and throttle systems.
| Strategic Initiative | Partner | Purpose |
|---|---|---|
| Display Integration | BOE (China) | LCD and TFT backward integration |
| Switch Development | Domino | Switches and throttle joint development |
| Disc Brake Production | Large OEM | Mass production starting Q1 FY27 |
Business Segment Performance
Pricol Precision (P3L), the company's polymer division, generated ₹233.00 crores in revenue during Q3 with an EBITDA margin of 9.33%. The division is operating at over 90% capacity utilization, prompting plans for capacity expansion and new facility creation.
The ACFMS (Actuation and Control Management System) division contributes approximately one-fourth of total consolidated revenue, with significant export content to US and European markets. The division posted 15% growth compared to Q3 of the previous financial year.
Future Outlook and Product Development
Management confirmed that disc brake production will commence with a large two-wheeler OEM by Q1 FY27, with initial capacity of 0.5 million units. The battery management system is in final development stages with a large two-wheeler customer, expected to enter mass production within four to five quarters.
The company maintains its track record of outperforming market growth, having grown more than 15% in recent quarters while the industry guidance suggests 8-9% growth for the sector.
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Historical Stock Returns for Pricol
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.55% | -2.40% | +0.02% | +37.06% | +47.63% | +890.29% |
