Pricol Ltd's Q1 profit soars 42.65%, revenue up 15.5%

Pricol Ltd  posted a strong start to the fiscal year, with net profit surging 42.65% year-on-year to Rs 45.56 crore in the first quarter. Revenue from operations also climbed 15.5% to Rs 602.91 crore. The auto-component maker’s performance suggests robust demand conditions in its core markets.

Coimbatore-basd Pricol Limited, a  dashboard manufacturer, offers components such as driver information system and  connected vehicle solutions and actuation,  control and fluid management systems catering to leading automotive OEMs in two / three-wheeler, passenger vehicles, commercial vehicles, farm equipment and offroad vehicles across India and in international markets with 2000+ product variants.

The company has eight  manufacturing facilities across Coimbatore, Manesar, Pantnagar, Pune, Satara and Sri City in India, one  manufacturing plant in Jakarta, Indonesia with three international offices in Tokyo, Singapore and Dubai.