Pricol Reports Q1-FY25 Consolidated Profit After Tax Of INR 455.61 Mn With A 42.65 % Growth Compared To Q1-FY24

Bengaluru: Pricol Limited (BSE: 540293 & NSE: PRICOLLTD), one of India’s leading auto component manufacturers, announces its results for the first quarter of financial year 2024-25.

Q1- FY25 Consolidated Financial Performance:

Q1-FY25 Business Highlights:

• Received an award from Suzuki Motorcycle India Limited under the category “Best Delivery Management” at their Annual Vendor Conference 2024. Also, won another award under the category “Financial Prudence” at the same event. Pricol has been consecutively awarded as the Best Supplier by Suzuki Motorcycle India Private Limited (SMIPL) for three years in a row.

• Received the “Best Practice Award” from TVS Motor in TVSM’s reliability cluster program for the Brushless Direct Current (BLDC) fuel pump module based on design and process robustness.

• Pricol’s Product Reliability Assurance Lab has been assessed and accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL) in accordance with the ISO/IEC 17025:2017 standard.

Management Comments:

Commenting on the performance of the Company, Mr. Vikram Mohan, Managing Director said 

“Our recent accomplishments and various recognitions from customers underscore the effectiveness of our strategic approach. By harnessing advancements in engineering and technology, we have strengthened our industry leadership in our range of product and solution offerings. The dedication and adaptability of our team in meeting customer needs is driving us to attain our ambitious objectives. In an ever-evolving market, we prioritize sustainable growth to provide noteworthy stakeholder value. We are not merely adapting to change; we are driving it, shaping a prosperous future for both our company and all our stakeholders.”

Financial Statements:

Results for the quarter ended June 30, 2024, prepared under Ind AS, which is available in              the Investor Relations section of our website  https://www.pricol.com/

Quarterly Conference Call:

The earnings conference call will be held on Thursday, August 1st,2024 at 04:00 PM (IST) to discuss the Financial Results and performance of the company for the quarter ended June 30, 2024. 

The earnings conference call will be accessible from all networks and countries through universal access dial-ins +91 22 6280 1341 / +91 22 7115 8242 also accessible at:  https://bit.ly/4cCiqjA

Further, the analyst(s)/institutional investor(s) presentation will be submitted to Stock Exchanges and shall also be hosted on the Company’s website at https://www.pricol.com/.