Pricol net profit up Rs 14.60 cr in FY21
Precision engineering auto component company Pricol has recorded a net profit of Rs 14.60 crore for FY21, after reporting a loss of Rs 212.88 crore for FY20. Its total Income stood at Rs 1397.81 cr in FY21 as against Rs 1212.96 cr in FY20.
The company’s profit after tax stands for Q4 stood at Rs 2.91 crore (Rs 120.76 cr in Q4FY20), a release said.
Vikram Mohan, MD, 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.”
