Pricol Limited (BSE: 526109 / NSE: PRICOL), a leading manufacturer of automotive components for the global automotive market, announced its first quarter results for FY 2016-17 today.
Standalone Total Income from Operations for this quarter (April – June 2016) grows by 38.5% Q-o-Q stood at INR 318.68 Crores as against INR 230.10 Crores in the same period last year.
Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) margins for Q1 FY 2016-17 stood at 12.2% as against 5.6% (nearly 3 fold increase) in the same period last year.
Business Performance
Revenue – Standalone:
o Income from operations for the Q1 FY 2016-17 increases by 38.5% over Q1 FY 2015-16.
o Net Profits after taxes stood at INR 22.18 Crores as against INR 1.64 Crores in the same period last year.
Management Statement
Mr. Vikram Mohan, Managing Director, Pricol Limited said, “The Q1 results were better than expected, primarily due to sustained efforts to reduce costs, gain in market share and increased productivity. With the boost in last quarter numbers from FY 2015-16, we are confident in continuing this trend in the days ahead.”
| PRICOL LIMITED | ||||||
|
CIN. L33129TZ1972PLC000641 |
||||||
| Regd. office: CPM Towers, 109, Race Course, Coimbatore – 641 018. | ||||||
| Phone : + 91 422 4336000,Fax : +91 422 4336299,Website : www.pricol.com, Email : cs@pricol.co.in | ||||||
| Standalone Unaudited Financial Results for the Quarter Ended 30th June, 2016 | ||||||
| (INR in Lakhs) | ||||||
| Particulars | Quarter Ended 30th June 2016 | Quarter Ended 30th June 2015 | Year Ended 31st March 2016 | |||
| Unaudited | Audited | |||||
| Total Income from Operations (net) | 31867.63 | 23010.17 | 112650.96 | |||
| Profit / (Loss) from ordinary activities before exceptional items & Tax | 3043.34 | 282.61 | 7016.79 | |||
| Exceptional Items | 53.37 | (53.00) | (1001.62) | |||
| Profit / (Loss) before Tax | 3096.71 | 229.61 | 6015.17 | |||
| Tax Expense – Net | 878.73 | 65.60 | 1695.43 | |||
| Net Profit / (Loss) from ordinary activities after tax & Exceptional Items | 2217.98 | 164.01 | 4319.74 | |||
| Net Profit / (Loss) for the period after tax (after Extra ordinary items) | 2217.98 | 164.01 | 4319.74 | |||
| Paid-up-Equity Share Capital (Face Value of INR 1/- each) | 947.97 | 947.97 | 947.97 | |||
| Reserves (excluding Revaluation Reserves as shown in the balance sheet of previous year) | 28984.71 | |||||
| Earnings per share (before and after Extraordinary Items) (of INR 1/- each) (not annualised) : | ||||||
| – Basic | 2.34 | 0.17 | 4.56 | |||
| – Diluted | 2.34 | 0.17 | 4.56 | |||
| Notes : | ||||||
| The above is an extract of the detailed format of Quarterly/ Annual Financial Results filed with the Stock Exchanges under Regulation33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the Quarterly / Annual financial results are available on the Stock Exchange websites www.bseindia.com, www.nseindia.comand Company’s website www.pricol.com | ||||||