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Published on November 8, 2021
Coimbatore : The Board of Directors at Pricol Limited (BSE: 540293; NSE: PRICOLLTD), one of India’s leading automotive technology companies, today approved the unaudited financial results for the quarter and half year ended on September 30, 2021.
Performance Highlights for Standalone Operations
Particulars | Q2 – FY22 | Q2 – FY21 | H1 – FY22 | H1 – FY21 |
Total Income | 389.77 | 387.44 | 696.29 | 504.79 |
Revenue from Operations | 376.02 | 372.30 | 668.77 | 476.26 |
Operational EBITDA | 46.35 | 54.42 | 79.05 | 56.83 |
Profit Before Tax – PBT Profit/(Loss) | 20.33 | 19.83 | 24.39 | (11.39) |
Profit After Tax – PAT Profit/(Loss) | 13.13 | 21.27 | 15.54 | (7.66) |
Q2 (2021 – 2022)
H1 (2021 – 2022)
From the MD’s Desk
Commenting on the company’s performance, Mr. Vikram Mohan, Managing Director, Pricol Limited said, “Nationwide lockdowns during the second wave of COVID-19 and severe semiconductor shortages globally did impact the revenue and the profitability in the first quarter of the fiscal. The semiconductor shortage situation continued in Q2 as well. On our part, we have continued to maintain operational efficiency to navigate through the challenges faced by the auto industry. Our primary focus during these times has been to create a strong order book, higher operational efficiency and increase free cash flow. We continue to invest heavily in next-gen technology to keep increasing our product portfolio and sustain growth. We also continue to focus on debt reduction towards achieving a goal of being long term debt free over the next few quarters. We are also currently evaluating multiple opportunities to enhance our product portfolio with a view to increase our shareholder wealth and keep our growth pace intact.”