Pricol Limited has reported significant financial gains for the first quarter of the financial year 2024-25. The company's consolidated profit after tax (PAT) for Q1-FY25 reached INR 455.61 million, marking a remarkable 42.65% growth compared to the same period last year.
Pricol's consolidated financial performance for Q1-FY25 also showed robust revenue growth. Revenue from operations amounted to INR 6029.09 million, reflecting a 15.48% year-on-year increase. The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at INR 806.51 million, a 21.27% rise from the previous year, with an EBITDA margin of 13.38%.
During the quarter, Pricol received several accolades, underscoring its industry leadership and commitment to excellence. The company was honoured with the 'Best Delivery Management' award and the 'Financial Prudence' award from Suzuki Motorcycle India Limited at their Annual Vendor Conference 2024. These awards highlight Pricol's consistent performance as Suzuki Motorcycle India Private Limited's Best Supplier for three consecutive years.
Additionally, Pricol was awarded the 'Best Practice Award' by TVS Motor in their reliability cluster program. This recognition was for the company's Brushless Direct Current (BLDC) fuel pump module, praised for its design and process robustness. Furthermore, Pricol’s Product Reliability Assurance Lab received accreditation from the National Accreditation Board for Testing and Calibration Laboratories (NABL) in accordance with the ISO/IEC 17025:2017 standard.
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