Pricol reports 27.19% growth in revenue

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Pricol Limited (BSE: 526109 / NSE: PRICOL), a leading manufacturer of automotive components for the global automotive market, today announced their financial results for the quarter and nine months ending December 31, 2015.

Revenues for the Quarter were 29,720.02 lakhs registering 27.19 % QoQ growth compared to`23,367.55 lakhs in the previous quarter ended September 30, 2015. The growth in Revenue was predominantly due to new order wins across business categories.

Management Statement:

Speaking on the occasion, Mr. Vikram Mohan, Managing Director, Pricol Limited said, Our Q3 2015–16 results marks a significant turnaround for Pricol. There is reasonable confidence that the domestic market is indeed reviving. We believe this growth momentum will continue and we should close this fiscal on a very positive note. A more stable and optimistic business environment contributed to the increase in sales in the last quarter.”

Standalone Unaudited Financial Results for the Third Quarter and Nine Months Ended December 31, 2015

        (` in Lakhs)
Particulars Quarter Ended 31st December 2015 Quarter Ended 31st December 2014 Nine Months Ended              31st December 2015 Nine Months Ended              31st December 2014
Total Income from Operations (net) 30805.18 25179.89 78365.71 72049.13
Net Profit / (Loss) from ordinary activities after tax 1671.37 (3128.96) 2113.11 (1559.70)
Net Profit / (Loss) for the period after tax (after Extra ordinary items) 1671.37 (3128.96) 2113.11 (1559.70)
Paid-up-Equity Share Capital (Face Value of ` 1/- each) 947.97 945.00 947.97 945.00
Reserves (excluding Revaluation Reserves as shown in the balance sheet of previous year)  25805.92  31133.20  25805.92  31133.20
Earnings per share (before and after Extraordinary Items) (of ` 1/- each) (not annualised) :        
        Basic 1.76           (3.30) 2.23  (1.65)
        Diluted 1.76 (3.30) 2.23  (1.65)
Notes :

The above is an extract of the detailed format of quarterly / year to date Unaudited financial results filed with the Stock Exchanges under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.  The full format of the quarterly / year to date financial results are available on the Stock Exchange websites, and Company’s website