In a filing to NSE on 3rd August 2016 at 18:35 hours Pricol Limited, a leading manufacturer of automotive components for the global automotive market, announced its results for first quarter of FY 2016-17.
Standalone Total Income from operations of the Company for this quarter (April - June 2016) has grown by 38.5 per cent on a quarterly basis and reached Rs 318.68 Crores as against Rs 230.10 Crores in the same period of the previous year, said the company in a statement.
Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) margins for the quarter ended 30th June 2016 stood at 12.2 per cent as against 5.6 per cent (nearly 3 fold increase) in the corresponding quarter of the last year.
The company announced that the income from operations for the FY 2016-17 first quarter increased by 38.5 per cent over FY 2015-16 first quarter. Net Profits after taxes stood at INR 22.18 Crores as against Rs 1.64 Crores in the same period last year, the official statement announced.
Vikram Mohan the Managing Director of Pricol Limited said that the Q1 FY17 results were better than expected, primarily due to the sustained efforts to reduce costs, gain in market share and increased productivity. With the boost in last quarter figures from FY16, the Company is confident in continuing this trend in the days ahead.
Pricol is one of the Multibagger stocks that have been identified by Dynamic Levels. On 26th July 2016, Pricol share price made a 52 week high of Rs 122.70. This is also its lifetime high. Please visit Pricol share price history to get the most important support and resistance levels.
No comments:
Post a Comment