Pricol standalone income from operations grows by 38.5% in Q1 2016-17
Standalone Total Income from operations for this quarter (April - June 2016) grows by 38.5% Q-o-Q stood at INR 318.68 Crores as against INR 230.10 Crores in the same period last year, the company said in a statement.
Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) margins for Q1 FY 2016-17 stood at 12.2% as against 5.6% (nearly 3 fold increase) in the same period last year.
The company stated that income from operations for the Q1 FY 2016-17 increased by 38.5% over Q1 FY 2015-16.
Net Profits after taxes stood at INR 22.18 Crores as against INR 1.64 Crores in the same period last year, the official statement claimed.
Vikram Mohan, Managing Director, Pricol Limited said, “The Q1 results were better than expected, primarily due to sustained efforts to reduce costs, gain in market share and increased productivity. With the boost in last quarter numbers from FY 2015-16, we are confident in continuing this trend in the days ahead.”
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