The Board of Directors at Pricol Limited has approved the audited financial results for the quarter and year ended on March 31, 2021.
Performance Highlights for Standalone Operations:
INR in Cr.
Particulars | Q4 – FY20 | Q4 - FY21 | YTD March 2020 | YTD March 2021 |
Revenue from Operations | 263.39 | 420.94 | 1139.05 | 1336.15 |
Operational EBITDA | 38.41 | 57.42 | 97.78 | 178.00 |
Profit Before Tax (PBT) | (122.48) | 26.76 | (216.72) | 46.52 |
Profit After Tax (PAT) | (120.76) | 2.91 | (212.88) | 14.60 |
FY 2020 - 2021
Q4 (2020 – 2021)
Commenting on the company’s performance, Vikram Mohan, Managing Director, Pricol Limited said, “Our results are in line with our expectations and an outcome of our sustained efforts to reduce costs, increase productivity and enhanced market share for our products. Our growth for FY 21 has been higher than the growth of the corresponding segments of the market which has been mainly driven by introduction of new products as well as increased share of business from our customers on account of sustained performance and tight cost control. The impact of the first wave of Covid-19 and the subsequent lockdown had a major impact on the company’s performance in Q1 FY 21. Whilst we were able to bounce back very strongly; steep increase in commodity prices had an impact on the EBITDA of the company in Q4 FY 21. As our company is highly dependent on import of electronic child parts; the global shortage of ICs resulted in higher raw material prices and loss of production due to non-availability of select ICs in Q4 FY 21. Nevertheless, we remain bullish about the long term prospects for the company since we have heavily invested in technology and in capacity building in the prior years compounded by the efforts on increasing efficiency and productivity, as well as thrust on exports has helped the company launch new products and increase its market share and this will have a favorable long term impact once the pandemic is brought under control.”