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).
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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.