Pricol Ltd Q1FY22 consolidated net profit climbs to Rs. 5.94 crore

Pricol Limited has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.319.91 crores during the period ended June 30, 2021 as compared to Rs.447.25 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.5.94 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.1.40 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.0.49 for the period ended June 30, 2021 as compared to Rs.0.12 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 319.91 crs	₹ 447.25 crs	-28.47%
Net Profit	₹ 5.94 crs	₹ 1.40 crs	324.29%
EPS	₹ 0.49	₹ 0.12	308.33%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.319.91 crores during the period ended June 30, 2021 as compared to Rs.120 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.5.94 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(30.84) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.0.49 for the period ended June 30, 2021 as compared to Rs.(2.96) for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 319.91 crs	₹ 120 crs	166.59%
Net Profit	₹ 5.94 crs	₹ (30.84) crs	119.26%
EPS	₹ 0.49	₹ (2.96)	116.55%

Commenting on the company's performance, Mr. Vikram Mohan, Managing Director, Pricol Limited said, "We are going through challenging times in the automotive industry thanks to the lockdowns due to the pandemic compounded by acute shortage of electronic components globally which is taking its toll on the company's 0performance. Nevertheless, with prudent cost control and continual new business wins we are confident of delivering above market growth rates and maintaining the bottom lines in spite of these challenges. Loss of sales due to potential further lockdowns and shortage of electronic components we believe will continue to impact the automotive industry in India for a few more quarters. But we remain bullish about the mid to long term prospects for our company due to the new business wins especially in the Electric Vehicle (EV) area and growth in market share of the company."

Shares of Pricol Limited was last trading in BSE at Rs. 83.75 as compared to the previous close of Rs. 89.65. The total number of shares traded during the day was 272623 in over 4225 trades.

The stock hit an intraday high of Rs. 90.95 and intraday low of 81. The net turnover during the day was Rs. 23273292.

Source : Equity Bulls

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