Comments
Pricol Ltd., a manufacturer of auto parts and precision-engineered products, has reported a standalone net profit of ₹27 crore for the quarter ended March 31, 2023, when compared with a net profit of ₹13 crore in the year-ago quarter, helped by strong growth in revenue.
Profit before exceptional items and tax for the March 2023 quarter was ₹38 crore as against ₹27 crore.
Revenue from operations reported an increase of 26 per cent at ₹501 crore (₹397 crore in Q4 of FY22).
Also read: Pricol management vows to remain in control, charts ₹600-cr expansion plan
For the full year ended March 31, 2023, the company’s PAT more than doubled to ₹113 crore, as against a PAT of ₹43 crore in FY22. Profit before tax was ₹131 crore (₹70 crore).
Revenue from operations increased to ₹1,872 crore in FY23, compared with ₹1,479 crore in FY22.
Consolidated net profit for FY23 stood at ₹125 crore when compared with ₹51 crore in FY22, while consolidated revenue stood at 1,903 crore as against ₹1,500 crore.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.