Pricol Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 08, 2023 at 06:51 am EST
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Pricol Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 5,626.62 million compared to INR 5,010.04 million a year ago. Revenue was INR 5,818.43 million compared to INR 5,164.63 million a year ago. Net income was INR 331.55 million compared to INR 475.27 million a year ago. Basic earnings per share from continuing operations was INR 2.72 compared to INR 3.9 a year ago. Diluted earnings per share from continuing operations was INR 2.72 compared to INR 3.9 a year ago.
For the six months, sales was INR 10,847.66 million compared to INR 9,349.86 million a year ago. Revenue was INR 11,219.02 million compared to INR 9,629.04 million a year ago. Net income was INR 650.93 million compared to INR 681.2 million a year ago. Basic earnings per share from continuing operations was INR 5.34 compared to INR 5.59 a year ago. Diluted earnings per share from continuing operations was INR 5.34 compared to INR 5.59 a year ago.
Pricol Limited is an India-based automotive technology and precision engineered solutions company. The Company carries out its business and operations in driver information systems and connected vehicle solutions, and actuation, control, fluid management systems catering to automotive original equipment manufacturers (OEMs) in two/three-wheeler, passenger vehicles, commercial vehicles, farm equipment and offroad vehicles across India and in international markets with approximately 2000 product variants. The Company primarily operates in the automotive segment. The automotive segment is engaged in the manufacturing and trading of automotive components. It is engaged in the business of manufacturing and selling of instrument clusters and other allied automobile components to OEMs and replacement markets. The Company has eight manufacturing facilities across Coimbatore, Manesar, Pantnagar, Pune, Satara and Sri city in India and one manufacturing plant in Jakarta, Indonesia.