Automotive component and precision-engineered product supplier Pricol has announced its financial results for Q2 FY2024.
The company reported revenue of Rs 562 crore, up 12 percent YoY, EBITDA at Rs 69 crore, up 7 percent YoY and net profit of Rs 33 crore, down 30 percent YoY respectively.
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.”
During the quarter, the company says it made key investments in surface-mount technology (SMT) for printed circuit board (PCB) assembly line and disc brake assembly lines.
