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Pricol standalone revenues grow 18.6% in FY 2015-16

India Blooms News Service | | 30 May 2016, 09:16 pm
Coimbatore (India), May 30 (IBNS): Pricol Limited, a leading manufacturer of automotive components for the global automotive market, has announced its fourth quarter and annual results for FY 2015-16.
The growth in Revenue was predominantly due to new order wins across business categories.
 
Standalone revenues for this year (FY 2015-16) grew by 18.6% Y-o-Y stood at INR 1,126.51 Crores as against INR 949.66 Crores in the same period last year. 
 
Earnings Before Interest Taxes Depreciation and Amortization (EBITDA) margins stood at 10.1% as against 2.7% (nearly 4 fold increase) in the same period last year. EBITDA for the Financial Year 2015-16 were at INR 113.65 Crores as against INR 25.29 Crores in FY 2014-15.
 
Speaking on the occasion, Vikram Mohan, Managing Director, Pricol Limited said, “We have seen positive results in FY 2015-16 with the last quarter boosting these numbers, conforming to our expectations. This year has been significant for Pricol Limited as we unveiled our new brand identity, scripted our Vision 2020 and have seen very positive results.  With an optimistic business environment, increasing confidence in the market, anticipated growth in investment in infrastructure and an encouraging monsoon forecast, we are confident to continue this growth momentum.”