Pricol’s Q4 / FY21 performance

 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.”

MARK compressors launches new range of

 MARK compressors launches new range of
Piston Air Compressors across segments

MARK Compressors, a part of Atlas Copco group in India, today launched two new product variations in their Piston Compressor range – The Ironwind series and the Bluewind series. Equipped with a robust cast iron pump and a simple plug and play solution, the products are highly reliable and durable for the Indian market needs.

The key industry segments such as automobile, tyre retail industry, fuel stations, woodworks, small-scale industries, Micro, small and medium scale business units, and independent professional businesses where pneumatic and air applications come into play will benefit from these compressed air solutions. The new products with highly engineered innovation are intended towards enhancing customers’ productivity, reducing energy consumption, and offering higher uptime and reliability. The products are available across the country to fulfil the demand of customers even in shorter duration through the channel partners. 

 

 

The products have an upgraded cooling system, which keeps the heat emission in check during long working hours. Designed in a compact “tank” format, the products are on wheels which makes them portable. This feature is especially handy for projects with frequently changing workstations. The products will be available in various sizes, displacement, and power options, ranging from 1.5HP to 10HP, which are completely customizable as per respective industry’s requirement.

 
Andy Prabhakar, General Manager - Brand Portfolio at Atlas Copco, said, “At Mark, we are proud to be able to cater to the customer with solutions created only with durable parts, ensuring efficiency of products & services, backed by timely maintenance offerings. The new range of air compressors with the cast iron piston technology is a result of Mark’s continued commitment to offer products to the customers that are simple enough to be user-friendly, reliable and efficient. As a business commitment, the company ensures that the products and parts are easily available and serviceable, no matter in which part of the country your business is.” 

 

As a part of their existing portfolio, the company also offers a prominent range of air compressors including Oil-Injected screw air compressors, refrigerant dryers, line filters, air receivers and piping solutions.

Flex it! IndiGo launches flex pay to

Flex it! IndiGo launches flex pay to put customers at ease

 

In its bid to support our customers, IndiGo, India’s leading airline, launched Flex pay for its passengers wherein they can avail the flexible payment option. With the help of Flex pay, the passengers can now secure their bookings by paying only 10% of the total fare amount and defer their payment on an IndiGo domestic flight for a period of up to 15 days either from the date of bookings or before the date of departure.

For example, the minimum Flex Pay Payment for a DEL-BOM round trip for 4 passengers will be, 2 segments X 4Pax X INR 400 = INR 3200. Whilst making the payment of the balance amount corresponding the Booking where a Customer has exercised the Flex Pay Option, the Flex Pay Payment paid by the customer upfront will be adjusted against the total booking amount. More information is provided in the T&C link given below.

 

Mr. Sanjay Kumar, Chief Strategy & Revenue Officer, IndiGo said, “We are pleased to announce the launch of our new flexible option for customer, Flex Pay. We intend to extend this offer for our customers to make their travel more comfortable. Our endeavour is to deliver a hassle-free experience, from the time the customer opens our website to book a ticket until the time they reach their destination. The convenience of customers always matters for us, even in these times, whilst safety remains the biggest priority for us.”

IndiGo flights are designed to cater to travellers who are constantly on the lookout for new and affordable flying options. Customers who wish to have more further details on flex pay can login on https://www.goindigo.in/flex-pay.html