Pricol Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 08, 2023 at 07:20 am EST
Share
Pricol Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 4,581.6 million compared to INR 3,947.37 million a year ago. Revenue was INR 4,748.72 million compared to INR 4,082.97 million a year ago. Net income was INR 267.62 million compared to INR 173.48 million a year ago. Basic earnings per share from continuing operations was INR 2.2 compared to INR 1.42 a year ago. Diluted earnings per share from continuing operations was INR 2.2 compared to INR 1.42 a year ago.
For the nine months, sales was INR 13,931.46 million compared to INR 10,963.81 million a year ago. Revenue was INR 14,377.75 million compared to INR 11,377.12 million a year ago. Net income was INR 948.82 million compared to INR 379.57 million a year ago. Basic earnings per share from continuing operations was INR 7.78 compared to INR 3.11 a year ago. Diluted earnings per share from continuing operations was INR 7.78 compared to INR 3.11 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.