Pricol reports consolidated revenue of Rs 562.66 crore in Q2 FY24

Coimbatore-based auto component maker Pricol reported revenue of Rs 562.662 crore in Q2 FY24, translating to a year on year growth of 12.31%. The company's profit after tax was Rs 33.115 crore, for the second quarter of this financial year. 

The company's Q2FY24 EBITDA stood at Rs 69.86 crore, registering a year on year growth of 7.50%. 

Commenting on the performance of the company, Vikram Mohan, Managing Director said: "Our strategic approach and unwavered support from all quarters of the company have helped us deliver the set of good numbers in Q2 and we expect the trend to only move upwards in the upcoming quarter.

We continue to make key investments to enhance our manufacturing capabilities and solution offerings. Multiple awards from various platforms continue to strengthen the trust of our customers in the vision of our company. 

We are confident of delivering increased value for our stakeholders and continue to focus on ending the financial year on a new high.