Automotive technology manufacturer posts 33.27% profit growth over nine months, with consolidated revenue reaching Rs 18,689.01 million as company maintains focus on innovation and operational efficiency.
30 Jan 2025 | 1657 Views | By Sarthak Mahajan
Coimbatore-based automotive technology company Pricol Limited announced its financial results for the third quarter and nine months of FY2024-25 on January 30, 2025. The company reported consolidated profit after tax of Rs 1,320.82 million for the nine-month period, representing a 33.27% increase compared to the same period in the previous ...
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Coimbatore-based automotive technology company Pricol Limited announced its financial results for the third quarter and nine months of FY2024-25 on January 30, 2025. The company reported consolidated profit after tax of Rs 1,320.82 million for the nine-month period, representing a 33.27% increase compared to the same period in the previous year.
For Q3 FY25, Pricol's revenue from operations stood at Rs 6,159.14 million, showing a growth of 10.54% year-over-year. The company's EBITDA for the quarter reached Rs 780.35 million, with a margin of 12.67%. Net profit was Rs 414.51 million.
The nine-month performance showed revenue from operations at Rs 18,689.01 million, marking a 13.82% increase from the previous year. EBITDA for this period was Rs 2,458.09 million, with a margin of 13.15%.
During the quarter, Pricol received several industry recognitions, including being named among the "Top 75 Innovative Companies" by the Confederation of Indian Industries. The company also received recognition from Daimler India Commercial Vehicles for quality and delivery performance.
Managing Director Vikram Mohan noted that the company maintained growth despite market conditions, attributing the performance to their focus on technology and innovation.
Pricol, which began operations in 1975, manufactures precision-engineered automotive products across eight facilities in India and one in Indonesia. The company supplies over 2,000 product variants to automotive OEMs in the two-wheeler, three-wheeler, passenger vehicle, commercial vehicle, and off-highway vehicle segments.