Pricol reports INR 376.02-cr Standalone Revenue from Operations in Q2 (2021 – 2022)

Coimbatore: The Board of Directors atPricol Limited (BSE: 540293; NSE: PRICOLLTD), one of India’s leading automotive technology companies, today approved the unaudited financial results for the quarter and half year ended on September 30, 2021.

Performance Highlights for Standalone Operations

INR in Cr.

ParticularsQ2 – FY22Q2 – FY21H1 – FY22H1 – FY21
Total Income389.77387.44696.29504.79
Revenue from Operations376.02372.30668.77476.26
Operational EBITDA46.3554.4279.0556.83
Profit Before Tax – PBT Profit/(Loss)20.3319.8324.39(11.39)
Profit After Tax – PAT Profit/(Loss)13.1321.2715.54(7.66)

Q2 (2021 – 2022)

  • Total Income stood at INR 389.77-cr in the quarter ended September 30, 2021 as against INR 387.44-cr in the corresponding quarter in FY21
  • Revenue from operations for the second quarter of FY22 stood at INR 376.02-cr as compared to INR 372.30-cr in the second quarter of FY21
  • The Company’s Earnings before Interest, Tax, Depreciation and Amortization (Operational EBITDA) stands at INR 46.35-cr for the July – September 2021 quarter, as against INR 54.42-cr in July – September 2020
  • Profit Before Tax (PBT) stood at INR 20.33-cr for the second quarter of FY22 as compared to INR 19.83-cr in the second quarter of FY21
  • Profit After Tax (PAT) stands at INR 13.13-cr in Q2 (2021 – 2022) as against INR 21.27-cr in Q2 (2020 – 2021)

H1 (2021 – 2022)

  • Total Income stood at INR 696.29-cr for the half year ended September 30, 2021 as against INR 504.79-cr in the corresponding period in FY21
  • Revenue from operations for the first half of FY22 stood at INR 668.77-cr as compared to INR 476.26-cr in the first half of FY21
  • The Company’s Earnings before Interest, Tax, Depreciation and Amortization (Operational EBITDA) stands at INR 79.05-cr for April – September 2021, as against INR 56.83-cr for April – September 2020
  • Profit/(Loss) Before Tax – PBT stood at INR 24.39-cr for the first half of FY22 as compared to INR (11.39)-cr in the first half of FY21
  • Profit/(Loss) After Tax – PAT stands at INR 15.54-cr in H1 (2021 – 2022) as against INR (7.66)-cr in H1 (2020 – 2021)

From the MD’s Desk

Commenting on the company’s performance, Mr. Vikram Mohan, Managing Director, Pricol Limited said, “Nationwide lockdowns during the second wave of COVID-19 and severe semiconductor shortages globally did impact the revenue and the profitability in the first quarter of the fiscal. The semiconductor shortage situation continued in Q2 as well. On our part, we have continued to maintain operational efficiency to navigate through the challenges faced by the auto industry. Our primary focus during these times has been to create a strong order book, higher operational efficiency and increase free cash flow. We continue to invest heavily in next-gen technology to keep increasing our product portfolio and sustain growth. We also continue to focus on debt reduction towards achieving a goal of being long term debt free over the next few quarters. We are also currently evaluating multiple opportunities to enhance our product portfolio with a view to increase our shareholder wealth and keep our growth pace intact.”