Pricol Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 01, 2024 at 07:02 am EST
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Pricol Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 5,571.91 million compared to INR 4,581.6 million a year ago. Revenue was INR 5,745.21 million compared to INR 4,748.72 million a year ago. Net income was INR 340.18 million compared to INR 267.62 million a year ago. Basic earnings per share from continuing operations was INR 2.79 compared to INR 2.2 a year ago. Diluted earnings per share from continuing operations was INR 2.79 compared to INR 2.2 a year ago.
For the nine months, sales was INR 16,419.57 million compared to INR 13,931.46 million a year ago. Revenue was INR 16,964.23 million compared to INR 14,377.75 million a year ago. Net income was INR 991.1 million compared to INR 948.82 million a year ago. Basic earnings per share from continuing operations was INR 8.13 compared to INR 7.78 a year ago. Diluted earnings per share from continuing operations was INR 8.13 compared to INR 7.78 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.