Latest News | Pricol Ltd Reports Consolidated Q2 Net Profit at Rs 47.52 Cr
Get latest articles and stories on Latest News at LatestLY. Pricol Ltd has recorded a consolidated profit for the July-September 2022 quarter at Rs 47.52 crore, the company said on Friday.
Coimbatore, Nov 11 (PTI) Pricol Ltd has recorded a consolidated profit for the July-September 2022 quarter at Rs 47.52 crore, the company said on Friday.
The city-based automotive technology company had registered consolidated profit at Rs 14.66 crore during corresponding quarter of previous year.
For the half year ending September 30, 2022 the consolidated profit grew to Rs 68.12 crore from Rs 20.60 crore registered in same period of previous year, the company said.
The consolidated total income during the quarter under review went up to Rs 516.46 crore from Rs 409.49 crore registered in same period of last year.
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For the six-month period ending September 30, 2022 the consolidated total income grew to Rs 962.90 crore as against Rs 729.41 crore registered in same period of last year.
"Whilst the demand from the industry remains stable, the supply chain disruptions and chip shortages still continue to put a stress on our top-line and bottom-line. With our focused efforts to meet the customer demand despite such external conditions, we managed to report highest ever quarterly revenue...," company Managing Director Vikram Mohan said on the company's financial performance in a statement.
"With sharp increase in forex and electronic components' price continuing as a risk to erode the profitability, we are taking all possible measures to keep costs under control, hoping to perform better than the market...," he said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)