Consolidated Revenues cross INR 1,447.86 Crores
Pricol Limited (BSE: 526109 / NSE: PRICOL), a leading manufacturer of automotive components for the global automotive market, announced its fourth quarter and annual results for FY 2015-16 today. The growth in Revenue was predominantly due to new order wins across business categories.
Standalone revenues for this year (FY 2015-16) grew by 18.6% Y-o-Y stood at INR1,126.51 Crores as against INR949.66 Crores in the same period last year. Earnings Before Interest Taxes Depreciation and Amortization (EBITDA) margins stood at 10.1% as against 2.7% (nearly 4 fold increase) in the same period last year. EBITDA for the Financial Year 2015-16 were at INR113.65Crores as against INR25.29 Crores in FY 2014-15.
- Income from operations for the Q4 FY 2015-16 increases by 11.3% over Q3 FY 2015-16.
- Annual Income from operations for FY 2015-16 increases by 18.6% over FY 2014-15.
- Income from operations for the FY 2015-16 increases by 64%to INR 1,447.86 Crores as against INR 1,143.32 Crores in FY 2014-15.
The Board of Directors have recommended a dividend of INR 1 per equity Share of INR 1 each held.
New business wins:
- Instrument Clusters for newly launched Two wheelers such as Royal Enfield Himalayan, Yamaha Fascino, Bajaj Avenger 220 cc Oil-cooled
- Instrument Clusters for Ashok Leyland new generation school buses, Mahindra Jeeto.
- Speed & Fuel Level Sensors for Hero Duet & Hero Maestro, TVS Apache 200 RTR, Honda Activa and VECV pro series
- Water Pump & Oil Pump for Four Wheeler – Renault Kwid, and Two Wheeler – TVS Apache 200 RTR
Financial Results for the Quarter and Year ended March 31, 2016
|(INR in Lakhs)|
|Quarter Ended 31st March 2016||Quarter Ended 31st March 2015||Year Ended 31st March 2016||Year Ended 31st March 2015||Year Ended 31st March 2016||Year Ended 31st March 2015|
|Total Income from Operations (net)||34285.25||22917.30||112650.96||94966.43||144786.04||114332.24|
|Profit / (Loss) from ordinary activities before exceptional items & Tax||3557.72||(1652.32)||7016.79||(1785.49)||3503.68||(6497.27)|
|Net Profit / (Loss) from ordinary activities after tax & Exceptional Items||2206.63||(240.02)||4319.74||(1799.72)||127.15||(3600.87)|
|Net Profit / (Loss) for the period after tax (after Extra ordinary items)||2206.63||(240.02)||4319.74||(1799.72)||127.15||(3600.87)|
|Paid-up-Equity Share Capital (Face Value of INR 1/- each)||947.97||947.97||947.97||947.97||947.97||947.97|
|Reserves (excluding Revaluation Reserves as shown in the balance sheet of previous year)||28984.71||25805.92||25680.06||26238.78|
|Earnings per share (before and after Extraordinary Items) of INR 1/- each (not annualised) :|
Speaking on the occasion, Mr. Vikram Mohan, Managing Director, Pricol Limited said,“We have seen positive results in FY 2015-16 with the last quarter boosting these numbers, conforming to our expectations. This year has been significant for Pricol Limited as we unveiled our new brand identity, scripted our Vision 2020 and have seen very positive results. With an optimistic business environment, increasing confidence in the market, anticipated growth in investment in infrastructure and an encouraging monsoon forecast, we are confident to continue this growth momentum.”
Pricol Limited a leading manufacturer of automotive components for the global automotive market, thrives on innovation, cutting edge technology and superior products across two, three and four wheelers, commercial vehicles, tractors, and construction & industrial tooling segments across the global market. The company’s performance is driven by over 38 patents, 8 manufacturing units and 7 business offices across the globe including India, Indonesia, Brazil, USA, Germany, Singapore and Japan. For further information on the organisation and its products, please visit http://www.pricol.com/