Pricol Q4FY24 PAT up 39.25% to INR 41.5cr
In the fourth quarter of FY24, Pricol achieved revenue from operations of INR 566.21 crore, the company said.
Pricol Limited was established in the year 1972. The company's production started in the year 1975. The company was initially known as Pricol Pune Limited but later changed to Pricol Limited in the year 2016. The company has its headquarters in Tamil Nadu. The operations carried out by the company includes driver information system products, power train products, sensors & switches, telematics & infotainment and fleet management systems. The variety of products that are manufactured by the company includes: gauges, oil pumps, chain tensioners, vacuum switch, speed sensors, auto fuel cock, telematics products, pressure relief valves, water pumps, speed limiter, cab tilting systems and various others. The company provides products for motorcycles, scooters, trucks, buses, tractors and others that are used in construction and industrial segments. The company also manufactures products for Fleet Management Solutions. The company has six manufacturing plants in the country. Three of the plants are in Coimbatore, one is in Manesar, and the rest are in Rudrapur. The company also has plants overseas like Jakarta, Indonesia, and Brazil. The company also has business offices in Tokyo, Singapore, Cologne and Detroit. The company has a long list of customers that includes big brands like Yamaha, Honda, Bajaj, Royal Enfield, Mahindra, TATA, Maruti Suzuki, General Motors, Renault Nissan, Toyota, Daimler, John Deere, Force Motors, Swaraj Mazda, Ashok Leyland, Piaggio, Volvo and various others. The company's tooling requirement includes more than 800 moulds and dies every year. The tool room has highly qualified, manufactured technicians and experienced designers that make plastic moulds and press tools according to the customer specifications with the help of state-of-the-art machines. The solutions that are offered are mould testing, FIA Report & Documentation, mould & press tool design and mould & tool manufacturing. The company specializes in progressive tools, combination tools, compound tools and draw tools. The company believes that final product quality begins with design.
In the fourth quarter of FY24, Pricol achieved revenue from operations of INR 566.21 crore, the company said.
The open market transaction took place at an average price of 208.9820 rupees per share, Minda corp said in an exchange filing. "This is merely a financial investment without providing the company any special rights in Pricol Ltd other than the rights as a shareholder," Minda said.
Despite such tough external conditions, the company managed to achieve a performance better than the market, and with new opportunities of growth areas identified combined with new business orders, it stays committed to deliver a consistent performance overall, he said.
The-Coimbatore headquartered driver information system major is looking to diversify into automotive sensors and electronics, and coolant pumps through joint ventures and technical alliances.
New Delhi, Oct 4 () Auto components maker Pricol today said it has signed an agreement with China-based Wenzhou Huirun Electrical Machinery for technical collaboration, supply and production of fuel pumps and its modules in India.
The acquisition would be undertaken by Pricol Limited through its wholly owned subsidiaries. The transaction will be funded by a combination of internal accruals and external debt.
Vikram Mohan, MD, Pricol said, "As per rules we had deducted eight days salary for 800 employees belonging to Kovai Mavatra Pricol Thozhilalar Otrumai Sangam - affiliated to AICCTU, for 'unauthorised mass absenteeism' on April 25 in support of farmers' issue
"Continuing our performance from the previous financial year, we have retained our standalone total revenue at INR 12,684.27 Million in FY 2016-17, despite market fluctuations. We are positive about the upcoming year (FY 2017-18) and looking forward to cross key milestones in line with our Vision 2020." said Vikram Mohan.
Pricol's new investments in Pune will cater to the growing electronic cluster business for two wheeler, commercial vehicle, off road and tractor segments.
Industries in Pantnagar area are estimated to have suffered a loss of over Rs 300 crore after the Centre banned denominations of Rs 500 and Rs 1,000. The production has also declined by 35% in many of the 452 industrial units in the industrial estate. The worst hit are automobile factories and those involving consumer goods.
The entire business and undertaking of Pricol Limited consisting all its assets and liabilities shall be and stand transferred to Pricol Pune Limited.
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) margins for the quarter ended September 30, 2016 was 12 percent as against 6.6 percent in the same period last year.
Name | DIN | Designation | Date of joining | |
---|---|---|---|---|
Sriya Chari | Unlock to View | Unlock to View | Director | 27 May,2016 |
Sriya Chari | Unlock to View | Unlock to View | Director | 27 May,2016 |
Vijay Mohan | Unlock to View | Unlock to View | Director | 02 Aug,2013 |
Soundararajan Gopal | Unlock to View | Unlock to View | Director | 31 Jul,2009 |
Krishnamoorthyrao Muralimohan | Unlock to View | Unlock to View | Director | 31 Jul,2009 |
Vikram Mohan | Unlock to View | Unlock to View | Managing Director | 29 May,2009 |
Ramani Vidhya Shankar | Unlock to View | Unlock to View | Director | 21 May,2005 |
Vanitha Mohan | Unlock to View | Unlock to View | Wholetime Director | 28 May,1999 |
Cherukoori Ramaswamy Naidu Swaminathan | Unlock to View | Unlock to View | Director | 25 Dec,1990 |
Suresh Jagannathan | Unlock to View | Unlock to View | Director | 28 Jul,1984 |
A component is a part or element that make up a whole machine. In the automotive industry, a vehicle comprises of a number of different components, which when put together, makes up a whole vehicle. Following is the list of the important automotive components:-
Process technology is the heart of all industries which involves the production of goods from the raw material. The technology process in the automotive industry comprises of the dies (plastic mold, die casting mold, casting, stamping die and forging die), along with the metal forming process, assembly/welding, surface treatment/heat treatment, industrial application/rubber parts, jig & tools and plastic molded parts as well.
A production system is a computer program typically designed to provide artificial intelligence. The production system, in an automobile, refers to the method/procedure/arrangement which includes all the functions required to gather the inputs, process/reprocess the inputs and deliver the end product. In ETAutolytics, a production system includes facility/equipment, machine element, processing machinery and production supplemental materials.
Development Solutions, with respect to ETAutolytics, includes the instruments or testers for measuring noise, vibrations and other EMC measuring instruments; along with CAD/CAM softwares. These are further explained below:
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