Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Pricol Limited's Standalone Income from Operations stands at INR 318.4 Crore in Q2 FY 17-18

Posted On: 2017-11-11 08:33:19

- Revenues grows by 7% y-o-y in Q2 FY 17-18 excluding sales revenue from Speed Limiting Device (SLD).

Pricol Limited (BSE: 540293 / NSE: PRICOLLTD), a leading manufacturer of automotive components for the global automotive market, announced its second quarter and half-yearly results of FY 2017-18 today.

I. Business Performance

- Pricol Limited's standalone revenues experienced a growth from INR 293 Crore (excluding SLD revenues of INR 61 Crore) to INR 314 Crore (excluding SLD revenues) y-o-y in Q2 FY 17-18. The gap in total revenue is a result of drop in sales of Speed Limiting Devices as an effect of BS IV implementation.

- Excluding Speed Limiting Device revenues, revenues grew by 7% in Q2 FY 17-18 y-o-y and grew by 5% in H1 y-o-y of FY 17-18.

- Revenues have grown by 9.4% over the preceding quarter (Q1 FY 17-18).

- Profit before Tax stands at INR 9.8 Crore for Q2 FY 17-18, a 30% growth over the immediate preceding quarter (Q1 FY 17-18)

II. Management Statement

Mr. Vikram Mohan, Managing Director, Pricol Limited said "Pricol Limited has witnessed an average revenue growth of 7% against corresponding quarter last year excluding revenues from Speed Limiting Devices. The gap in total revenues is a result of drop in sales from Speed Limiting Devices as an effect to the discontinuation of the mandate which was enforced by the Government of India. We continue to see robust growth in all other product segments that will compensate to the drop in sales from SLD.

At Pricol, we are investing in future ready technology and have successfully executed key strategic partnerships to meet the BS VI and safety norms set by the Government of India to achieve our vision to become an INR 3000 crore company by 2020. In line with our vision, we will continue to drive sustainable growth to meet our future aspirations in the current challenging market conditions."

Shares of Pricol Ltd was last trading in BSE at Rs.100.3 as compared to the previous close of Rs. 99.4. The total number of shares traded during the day was 89188 in over 883 trades.

The stock hit an intraday high of Rs. 101.65 and intraday low of 97.7. The net turnover during the day was Rs. 8910317.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

PNB Housing Finance signed an agreement with JICA to raise US$ 75 Million with co-financing of US$25 Million by Citibank to finance mortgage loans in affordable housing segment

CARE reaffirms rating of Kilburn Engineering Limited

Hikal Ltd restarts operations

Amrit Corp Ltd announces partial resumption of Amrit food unit at Ghaziabad

DCM Shriram Ltd promoters clarify regarding Pledge/Encumbrances on their holdings

Dr LalPath Labs contributes Rs. 1 crore to PM CARES FUND

Zensar Recognized as an Innovator in Avasant's Hybrid Enterprise Cloud Services RadarView™

Suven Life Sciences presented exploratory sub-group analyses data from Masupirdine (SUVN-502) Phase 2A Study at the Advances in Alzheimer's and Parkinson's Therapies (AAT-AD/PD) focus meeting 2020

TVS Electronics Ltd appoints new CFO

Canara Bank slashes Interest rates on loans/advances with effect from 07.04.2020

Glenmark pledges support for 10,000 meals for daily wage earners

Geojit salutes COVID-19 healthcare warriors, waives off AMC and brokerage charges

Max Group Launches Initiative to Gather One Lakh Social Isolation Pledges

Indiabulls Housing Finance Limited long-term rating reaffirmed by ICRA

Bajaj Finance Ltd announces report card for quarter ended March 31, 2020

Tejas Networks joins India's battle against COVID-19 contributes Rs 51 Lacs

Solar Industries India Limited resumes partial manufacturing operations

McDonald's India introduces a unique 'Work from Home' policy for its Restaurant Management Team and Frontline Crew

Kotak Mahindra Bank Limited announces deposits and advances for the year ended March 31, 2020

CRISIL announces ratings for bank loan facilities of Bharat Gears Ltd

Lupin launches Mycophenolic Acid Delayed-Release Tablets USP

Larsen & Toubro Ltd board to consider raising funds through debt securities

Roto Pumps Ltd restarts partially

Castrol India Ltd appoints Mr. Udayan Sen as Nominee Director

RBL Bank allots 12580 shares

India Ratings Revises IndusInd Bank's Outlook to Negative; Affirms 'IND AA+'

Force Motors Ltd March 2020 sales drops 78.70% YoY

Moody's places IndusInd Bank's ratings under review for downgrade

DCB Bank announces revised Marginal Cost of Funds based Lending Rate

DCB Bank revises External Benchmark Linked Rate

CRISIL reaffirms ratings of Bhagwati Autocast Ltd

H.G. Infra Engineering Limited Supports India's Fight Against COVID-19

ICRA downgrades rating of PNB Housing Finance Limited's NCDs and Tier II bonds

Persistent Systems contributing Rs. 25 Crores ($3.3M) in support of COVID-19 efforts globally

CARE has reaffirmed issuer rating of Ashiana Housing Ltd

IDBI Bank updates on Moody's rating

CARE reaffirms rating of DCB Bank Limited

Sunteck Realty Limited's 'AA-' long-term and 'A1+' short-term ratings reaffirmed by CARE

PTC India Financial Services Ltd updates on credit ratings

Parsvnath Developers Ltd announces interest holiday to all its customers for 3 months

APM Terminals Pipavav offers Free Container Storage service at the port

NMDC revises iron ore price from April 4, 2020

Blue Dart ensures continuity of essential supply chain for the nation during COVID-19 outbreak

Nestlé India Extends Its Commitment To India's Fight Against COVID-19

Mr. Sunil D'Souza joins as Managing Director & CEO of Tata Consumer Products Ltd

TCPL Packaging Limited update on non-disposal undertaking by Promoter Group Companies

Moody's downgrades AXIS Bank outlook to Negative

HDFC Bank advances increases to Rs. 9,930 billion as of March 31, 2020

M&M Holds a Special Board Meeting to Review Investment in SsangYong Motor Company

Moody's affirms deposit ratings of ICICI Bank

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019