Pricol Limited. (BSE: 540293 & NSE: PRICOLLTD), announces its results for the second quarter of the financial year 2022-23 indicating the highest ever quarterly revenue of INR 501 crore and reports q2-fy23 pat of INR 37.78 crore (excluding exceptional items) with a 157.53% growth compared to q2-fy22
Meanwhile, the company has secured a couple of recognitions that include the “GOING EXTRA MILE” award by TATA Motors for proactive support to ramp up production and supplies amidst difficult situations, “Best in Innovation and Technology” by Hero Motocorp, for the support and development of next-gen 7” TFT with touch Driver Information System for its EV vehicle Vida and “Technology Excellence Award 2022” by Quantic India for the Best Interactive Product in Automotive for Driver Information Systems.
In addition, the company had developed In-house Test Robot for Touch screen displays with testing processes to be fast, efficient, reliable and accurate.
Commenting on the performance of the Company, Vikram Mohan, Managing Director said, “With our focused efforts to meet the customer demand despite such external conditions, we managed to report highest ever quarterly revenue performing better than the market and clocking a sustained quarter on quarter bottom-line. With sharp increases in Forex and electronic components’ prices continuing as a risk to erode profitability, we are taking all possible measures to keep costs under control, hoping to perform better than the market and provide consistent performance. With our new business wins and product launches exclusively for EV vehicles, we have generated a robust order book for upcoming years, and we are excited about the avenues of growth from new-age EV companies.”