Pricol Limited (BSE: 540293, NSE: PRICOLLTD), a leading automotive technology and precision engineering company, announced its financial results for the third quarter (Q3-FY25) and the nine-month period (9M-FY25) ended December 31, 2024.
Financial Highlights (Consolidated)
Q3-FY25 Performance
- Revenue from Operations: ₹6,159.14 million (Up 10.54% YoY)
- EBITDA: ₹780.35 million (Up 11.98% YoY)
- EBITDA Margin: 12.67%
- Profit After Tax (PAT): ₹414.51 million (Up 21.85% YoY)
9M-FY25 Performance
- Revenue from Operations: ₹18,689.01 million (Up 13.82% YoY)
- EBITDA: ₹2,458.09 million (Up 19.29% YoY)
- EBITDA Margin: 13.15%
- Profit After Tax (PAT): ₹1,320.82 million (Up 33.27% YoY)
Business Highlights for Q3-FY25
- Industry Recognition: Pricol was named one of the "Top 75 Innovative Companies" by the Confederation of Indian Industries (CII) as part of the Industrial Innovation Awards 2024.
- OEM Partnerships: Daimler India Commercial Vehicles awarded Pricol in the "Quality - Zero PPM & 100% Delivery" category for its consistent reliability.
- Excellence in Quality: Pricol secured four gold awards at the 39th Annual Chapter Convention, as well as gold and silver awards at the 9th and 35th Chapter Conventions on Quality Concepts organized by QCFI.
- Sustainability Leadership: The company won First Place in the "Sustainability, Environment, Social, and Innovation" category at the Manesar Industrial Welfare Association (MIWA) Annual Supplier Conference in Gurugram.
Management Commentary
Vikram Mohan, Managing Director of Pricol Limited, stated:"We are pleased to announce continued growth despite market dynamics, driven by excellence, innovation, and efficiency. Our strategic focus on technology and innovation has consistently created value for our stakeholders. With a dedicated team, a forward-thinking approach, and the trust of our customers, we continue to strengthen our industry leadership and drive sustainable long-term success."
Corporate Developments
- Divestment of Wiping Business: The board approved the divestment of the wiping business division to Auto Ignition Limited through a slump sale, subject to the fulfillment of conditions outlined in the business transfer agreement.
- No Exceptional Items: The financial statements for Q3-FY25 and 9M-FY25 do not include any exceptional items.