Pricol , a leading automotive component manufacturer, has reported a strong financial performance for the second quarter, showcasing significant growth across key metrics. The company also announced its unaudited financial results for the quarter and half-year ended September 30, 2025.

Financial Highlights

All financial figures in million rupees, except percentages

Key Takeaways

• Robust Profit Growth: Pricol's consolidated net profit surged by 42.00%, reaching 640.00 million rupees compared to 451.00 million rupees in the same quarter of the previous year.

• Substantial Revenue Increase: The company witnessed a remarkable 52.00% growth in revenue, which rose to 9,900.00 million rupees from 6,500.00 million rupees year-over-year.

• EBITDA Expansion: Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew by 29.00% to 1,000.00 million rupees, up from 773.00 million rupees in the corresponding quarter last year.

• Margin Compression: Despite overall growth, the EBITDA margin experienced a slight compression, decreasing to 10.12% from 11.88% in the previous year.

• Interim Dividend: The company declared an interim dividend of ₹2 per share (200%) for the financial year 2025-26, payable to shareholders on record as of November 14, 2025.

Analysis

Pricol's financial results for the second quarter demonstrate the company's ability to achieve substantial growth in a challenging market environment. The significant increase in revenue suggests strong demand for Pricol's automotive components and effective execution of its business strategies.

While the company has shown impressive top-line and bottom-line growth, the compression in EBITDA margin indicates potential cost pressures or changes in the product mix. This could be due to factors such as rising input costs or investments in growth initiatives.

The robust performance in net profit, despite the margin compression, highlights Pricol's effective cost management and operational efficiency. The company appears to be balancing growth with profitability, which is crucial in the competitive automotive component sector.

Additional Information

• The Board of Directors approved the financial results on November 6, 2025.
• Pricol has changed its financial reporting format from INR Lakhs to INR Crores due to increased operational size.
• The company operates primarily in the automotive components segment.
• An investor conference call is scheduled for November 7, 2025, to discuss the quarterly results.
• The financial statements received limited review from statutory auditors Sundaram & Srinivasan, Chartered Accountants.

Pricol Limited , a leading automotive component manufacturer, has taken a significant step towards enhancing its technological capabilities in the Indian market. The company recently announced the signing of a Memorandum of Understanding (MoU) with BOE Varitronix Limited, a Hong Kong-based advanced technology solutions provider specializing in display technology and optical bonding.

Partnership Details

The MoU establishes an exclusive collaboration between Pricol and BOE Varitronix. The primary objective of this partnership is to localize the optical bonding technology for LCD/TFT displays in India, specifically targeting the automotive sector.

Scope and Impact

The collaboration aims to bring manufacturing capabilities for display technology components to the Indian market, focusing on:

• Two-wheeler vehicles
• Three-wheeler vehicles
• Commercial vehicles
• Off-road vehicles

This strategic move is expected to enhance Pricol's competitive advantage in the automotive components industry while promoting localization and innovation in India's manufacturing sector.

Phased Approach

The partnership will unfold in phases:

1. Initial Phase: Focus on optical bonding using Optically Clear Adhesive (OCA) technology.
2. Subsequent Phases: Potential expansion into other backend assembly activities related to display manufacturing.

Strategic Rationale

The collaboration between Pricol and BOE Varitronix is driven by several key factors:

• Enhancing competitive advantage in the automotive display market
• Reducing costs through localized production
• Promoting innovation in display technology for vehicles
• Supporting the 'Make in India' initiative by bringing advanced manufacturing capabilities to the country

Market Implications

This partnership signifies a notable development in India's automotive component manufacturing landscape. By localizing advanced display technologies, Pricol is positioning itself to meet the growing demand for sophisticated dashboard displays and infotainment systems in vehicles across various segments.

The move aligns with the broader trend of increasing electronic content in vehicles and could potentially lead to cost reductions and improved supply chain efficiency for automotive manufacturers in India.

As the automotive industry continues to evolve with a greater emphasis on digital interfaces and user experience, Pricol's collaboration with BOE Varitronix could play a crucial role in shaping the future of vehicle displays in the Indian market.