Pricol reports Revenue
from Operations at 1336.15-Cr for its Standalone Operations for FY21 with a
growth of 17.3% over FY 20.
The Board of Directors at Pricol Limited (BSE: 540293;
NSE: PRICOLLTD), one of India’s leading automotive
component and precision engineered product manufacturers, today 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
|
Highlights for Q4 FY20 Standalone
Financials
§
Total Revenue stands at Rs 596crore as against Rs 765crore in Q4FY19
§
Profit
After Tax stands at Rs 131 crore as against Rs 133 crore in Q4FY19
§
Margins
maintained across segments
|
Highlights for Q4 FY20 Standalone
Financials
§
Total Revenue stands at Rs 596crore as against Rs 765crore in Q4FY19
§
Profit
After Tax stands at Rs 131 crore as against Rs 133 crore in Q4FY19
§
Margins
maintained across segments
|
Highlights for Q4 FY20 Standalone
Financials
§
Total Revenue stands at Rs 596crore as against Rs 765crore in Q4FY19
§
Profit
After Tax stands at Rs 131 crore as against Rs 133 crore in Q4FY19
§
Margins
maintained across segments
|
Highlights for Q4 FY20 Standalone
Financials
§
Total Revenue stands at Rs 596crore as against Rs 765crore in Q4FY19
§
Profit
After Tax stands at Rs 131 crore as against Rs 133 crore in Q4FY19
§
Margins
maintained across segments
|
Highlights for Q4 FY20 Standalone
Financials
§
Total Revenue stands at Rs 596crore as against Rs 765crore in Q4FY19
§
Profit
After Tax stands at Rs 131 crore as against Rs 133 crore in Q4FY19
§
Margins
maintained across segments
|
Highlights for Q4 FY20 Standalone
Financials
§
Total Revenue stands at Rs 596crore as against Rs 765crore in Q4FY19
§
Profit
After Tax stands at Rs 131 crore as against Rs 133 crore in Q4FY19
§
Margins
maintained across segments
|
FY 2020 - 2021
§ Total Income
stood at INR 1397.81-cr in FY21 as against INR 1212.96-cr in FY20.
§ Revenue from operations for the year ended March 31, 2021 stood at INR
1336.15-cr as compared to INR 1139.05-cr in FY20.
§ The Company’s Earnings
before Interest, Tax, Depreciation and Amortization (Operational EBITDA) stands
at INR 178.00-cr in FY21, as against INR 97.78-cr in FY20.
§ Profit Before Tax
(PBT) stood at INR 46.52-cr for FY21 as compared to a loss of INR 216.72-cr in FY20.
Including exceptional item of INR 190.72-cr.
§ Profit After Tax (PAT)
stands at INR 14.60-cr in FY21 as against a loss of INR 212.88-cr in FY20.
Q4 (2020 – 2021)
§ Total Income
stood at INR 438.19-cr in the quarter ended March 31, 2021 as against INR 286.88-cr
in the corresponding quarter in FY20.
§ Revenue from operations for the fourth quarter of FY21 stood at INR
420.94-cr as compared to INR 263.39-cr in the fourth quarter of FY20.
§ The Company’s
Earnings before Interest, Tax, Depreciation and Amortization (Operational
EBITDA) stands at INR 57.42-cr for the January – March 2021 quarter, as against
INR 38.41-cr in January – March 2020
§ Profit Before Tax
(PBT) stood at INR 26.76-cr for the fourth quarter of FY21 as compared to a
loss of INR 122.48-cr in the fourth quarter of FY20. Including exceptional item
of INR 127.03-cr.
§ Profit After Tax
(PAT) stands at INR 2.91-cr in Q4 (2020 – 2021) as against INR (120.76-cr) in Q4
(2019 – 2020).
From the
desk of the Managing Director:
Commenting
on the company’s performance, Mr. 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.”
