Pricol reports consolidated revenue of Rs 562.66 crore in Q2 FY24

The company's Q2 FY24 EBITDA stood at Rs 69.86 crore, registering a year on year growth of 7.50%. 

Autocar Pro News Desk By Autocar Pro News Desk calendar 08 Nov 2023 Views icon1613 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
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.

Tags: Pricol,EBITDA
RELATED ARTICLES
TVS Motor Co's Singapore arm increases stake in Killwatt to 49%

auther Autocar Pro News Desk calendar26 Feb 2024

This acquisition would fall within related party transaction as Killwatt GmbH is an associate company.

India’s battery manufacturing capacity seen at 110-120 GWh by 2027-28, says Heavy Ind Secy

auther Autocar Pro News Desk calendar26 Feb 2024

The government has awarded 30GWh capacity under the PLI scheme for ACC battery manufacturing to three companies and is i...

Allcargo Supply Chain accelerates growth with expansion and diversification plans

auther Autocar Pro News Desk calendar26 Feb 2024

The initial phase of this expansion plans will begin from the north and south regions.