New Delhi: Pricol Limited has announced its financial results for the fourth quarter and the full financial year 2023-24. The company reported a consolidated revenue from operations of INR 22,081.69 million for FY24, marking a 16.05% growth compared to the previous financial year.
In the fourth quarter of FY24, Pricol achieved revenue from operations of INR 5,662.12 million. The company’s EBITDA for the quarter was INR 725.84 million, reflecting a year-on-year growth of 16.44%, with an EBITDA margin of 12.82%. The profit after tax (PAT) for Q4-FY24 stood at INR 415.02 million, showcasing a substantial year-on-year increase of 39.25%, the company said in a media release.
For the full financial year FY24, Pricol’s consolidated revenue from operations reached INR 22,081.69 million, representing a 16.05% growth compared to the previous year. The company’s EBITDA for the year was INR 2,786.42 million, up by 18.17%, with an EBITDA margin of 12.62%. The PAT for FY24 was INR 1,406.12 million, showing a growth of 12.77%.
Vikram Mohan, Managing Director of Pricol, said, “Our results for FY24 are in line with our strategic objectives and commitment. This success highlights the persistent efforts and strong dedication of our team, who diligently pursue our objectives. As we move into the next financial year, we are encouraged to continue this upward trend in our business. The evolving mobility market in India presents both obstacles and prospects. With a rising demand for the cutting-edge solutions we offer, we are strategically positioned to address these changing needs of the market. Our priority remains fostering growth and providing value to our stakeholders in this rapidly changing market landscape.”
