{"id":124299,"date":"2024-05-16T12:24:34","date_gmt":"2024-05-16T06:54:34","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=124299"},"modified":"2024-05-16T13:46:41","modified_gmt":"2024-05-16T08:16:41","slug":"auto-ancillary-stock-jumps-3-after-companys-net-profits-increased-by-39-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-companys-net-profits-increased-by-39-yoy\/","title":{"rendered":"Auto ancillary stock jumps 3% after company&#8217;s net profits increased by 39% YoY\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2796813793\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this automotive components manufacturing company jumped around 3 percent in Thursday\u2019s trading session after reporting an increase in net profits by 39 percent YoY. The shares have delivered more than 80 percent returns to its shareholders in one year.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2689071412\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 5,444 crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/PRICOLLTD\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Pricol Ltd<\/a><\/strong> started Thursday\u2019s trading session on a higher note at Rs. 460 compared to its previous close of Rs. 438.90. During the trading session, the shares hit a high of Rs. 464, gaining around 3 percent, also recorded as the company\u2019s fresh 52-week high and are currently trading at Rs. 446 apiece.\u00a0<\/p><p>Such a positive movement in the share price was observed after the company announced quarterly and financial year ended 31st March 2024 results. Quarterly, the revenue increased marginally by 2 percent from Rs. 557.19 crores during the December quarter to Rs. 566.21 crores in the March quarter. In addition, the net profits zoomed by 22 percent from Rs. 34 crores to Rs. 41.50 crores during the same timeframe.&nbsp;<\/p><p><strong>Comparing these metrics on a YoY basis, the revenue increased by 11 percent from Rs. 509.68 crores during Q4FY23 to Rs. 566.21 crores in Q4FY24. On the other hand, the net profits surged by 39 percent from Rs. 29.80 crores to Rs. 41.50 crores during the same period.\u00a0<\/strong><\/p><div class=\"trade-content_5\" id=\"trade-395305716\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Furthermore, the automotive components manufacturer EBITA climbed by 18.1 percent from Rs. 47.6 crores to Rs. 56.2 crores on a YoY basis. Consequently, the margin expanded 30 basis points to 9.9 percent, from 9.3 percent. Moreover, Pricol&#8217;s EPS has increased to Rs. 3.57 in March 2024 from Rs. 2.23 in March 2023.&nbsp;<\/p><p>As per the latest data, Pricol derives over 80 percent of its revenue from Original Equipment Manufacturers (OEM), specifically two-wheelers (2W). The company has excellent OEM ties and a market share of more than 65 percent in 2W instrument clusters (dashboard instruments). The company is also the world\u2019s second-largest maker of instrument clusters.&nbsp;<\/p><p>Due to increasing operating revenue and profits on a YoY basis, the profitability metrics of the company improved with the return on equity (RoE) increasing from 4.81 percent during FY 21-22 to 12.49 percent in FY 22-23, and, the return on capital employed (RoCE) zoomed from 8.36 percent to 14.27 percent during the same timeframe. Furthermore, the net profit margin increased from 2.85 percent during FY21-22 to 5.84 percent during FY22-23.&nbsp;<\/p><p>Headquartered in Coimbatore, Pricol Ltd started was incorporated in 2011. The company is engaged in the business of manufacturing and selling instrument clusters and other allied automobile components to OEMs and replacement markets.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Vaibhav Patil&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-921174785\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this automotive components manufacturing company jumped around 3 percent in Thursday\u2019s trading session after reporting an increase in net profits by 39 percent YoY. The shares have delivered more than 80 percent returns to its shareholders in one year.&nbsp; With a market capitalization of Rs. 5,444 crores, the shares of Pricol Ltd started [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":108757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-124299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Auto ancillary stock jumps 3% after company&#039;s net profits increased by 39% YoY\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this automotive components manufacturing company jumped around 3 percent in Thursday\u2019s trading session after reporting an increase in net profits by 39 percent YoY.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-companys-net-profits-increased-by-39-yoy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auto ancillary stock jumps 3% after company&#039;s net profits increased by 39% YoY\u00a0\" \/>\n<meta property=\"og:description\" content=\"Shares of this automotive components manufacturing company jumped around 3 percent in Thursday\u2019s trading session after reporting an increase in net profits by 39 percent YoY.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-companys-net-profits-increased-by-39-yoy\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-16T06:54:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-16T08:16:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/09\/auto-ancillary.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-companys-net-profits-increased-by-39-yoy\/\",\"url\":\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-companys-net-profits-increased-by-39-yoy\/\",\"name\":\"Auto ancillary stock jumps 3% after company's net profits increased by 39% YoY\u00a0 - 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