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Pricol Ltd announces Q2 FY19 results

Posted On: 2018-11-08 21:47:10

Pricol Limited (BSE: 540293 / NSE: PRICOLLTD), a leading manufacturer of automotive components for the global automotive market, announced its results for second quarter of FY 18-19 today.

Business Performance

- Pricol Limited's total revenue grew by 16.19% y-o-y in Q2 FY 18-19 compared to the corresponding quarter in FY 17-18.

- Impact in margins before the exception items weakened significantly compared to the same quarter previous year. Global shortage of electronic components combined with rupee weakening and steep increase in commodity prices like steel, aluminium and polymers largely impacted our input costs. Measures are being taken with customers for price increase in order to offset the costs, which is expected to be realized in the subsequent quarters.

Mr. Vikram Mohan, Managing Director, Pricol Limited said "Pricol Limited has witnessed an average revenue growth of 16.19% in Q2 FY 18-19 against the corresponding quarter last year. Currently, our input costs are of a matter of concern and steps are being taken to mitigate the same through price increases and operational efficiencies. Rest assured, our topline is expected to see a growth with new business wins and strong customer relations. We are certainly poised for sustainable growth across all product segments in line to our Vision 2020 to become a INR 3000 crore company".

Shares of Pricol Ltd was last trading in BSE at Rs.51.8 as compared to the previous close of Rs. 52.3. The total number of shares traded during the day was 9495 in over 226 trades.

The stock hit an intraday high of Rs. 55.85 and intraday low of 51.3. The net turnover during the day was Rs. 494362.


Source: Equity Bulls

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