Pricol Reports Consolidated PAT Of Rs. 85.13 Cr With 124.29% Growth In 9M FY23

Automotive component manufacturer, Pricol has shared its results for the third quarter of financial year 2022-23.

Q3-FY23 Consolidated Financial Performance:

9M-FY23 Segmental Performance:

This excluds exceptional items of Rs. 9.75 Crs

Q3-FY23 Business Highlights:

Pricol exhibited in Auto Expo 2023 with futuristic and EV ready products like Heads Up Display (HUD), E-cockpit, Disc Brake, Round TFT Instrument Cluster, TFT Smart Clusters, Electric Coolant Pump, Electric Cabin Tilt System, end-to-end Telematics Solution and Battery Management System (BMS) and its existing range of products.

The company launched next-gen technology products/solutions that can be deployed across all vehicle segments.  

"In Q3 FY 23, we had a significant impact on our topline because of acute IC shortage due to internal consolidation activity of one of our key IC suppliers, due to which we were unable to fulfil the customer demands. This in turn affected our bottom-line because of loss in sales and other costs such as premium freights. With our collective efforts, we overcame these challenges and reported a healthy set of numbers in Q3 and we believe the worst is behind us in supply chain constraints and we will continue to deliver a consistent performance in the upcoming quarters with healthy orderbook,” said the Pricol's senior management.