Auto Ancillary stock engaged in manufacturing, marketing and selling of driver information systems, connected vehicle solutions, automobile components and many more jumped 8 percent in the day’s trade upon declaring its Q1FY25 results with a 43 percent jump in Net Profits.
Price action
With a market capitalization of Rs. 6,162 Crores, the shares of Pricol Limited were trading at Rs. 505.50 per equity share, up 1 percent from its previous day’s close price of Rs. 500.
Q1FY25 Results
Its Total Income grew by 15 percent YoY from Rs. 540.05 Crores in Q1FY24 to Rs. 622.1 Crores in Q1FY25 and it grew by 6 percent QoQ from Rs. 588.51 Crores in Q4FY24 to Rs. 622.1 Crores in Q1FY25.
Its Net Profit grew by 43 percent YoY from Rs. 31.93 Crores in Q1FY24 to Rs. 45.56 Crores in Q1FY25 and it grew by 10 percent QoQ from Rs. 41.5 Crores in Q4FY24 to Rs. 45.56 Crores in Q1FY25.Its Net Profit Margin increased from 5.91 percent in Q1FY24 to 7.44 percent in Q1FY25.
About the Company
Pricol Limited is an automotive technology and precision engineered solutions company engaged in the business of manufacturing, marketing and selling of driver information systems and connected vehicle solutions, and actuation, control, fluid management systems ,instrument clusters and other allied automobile components to OEMs and many others.
It has a strong customer base with well known players like BMW, Bajaj, TATA, Force Motors, Ashok Leyland, Mahindra, Triumph, Harley Davidson, Kawasaki, Ducati, Hero Motocorp, Skoda, Yamaha and many others.
Written by: Bharath K.S
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