Revenue from operations increased by 26.26% YoY to Rs 509.69 crore during the quarter.

EBITDA improved by 14.06% to Rs 62.34 crore in Q4 FY23 over Q4 FY22. EBITDA margin was at 12.23%.

The company has recorded 124.95% rise in consolidated net profit to Rs 114.94 crore on a 26.85% increase in revenue from operations to Rs 1,902.83 crore in Q4 FY23 as compared with Q4 FY22.

Vikram Mohan, managing director, said: “In Q4 FY23, with the collective efforts of all our stakeholders, we managed to clock the highest ever topline in a particular quarter in the history of Pricol and closed the financial year with a performance exceeding our expectations.

We had our fair share of challenges in terms of supply chain constraints, especially IC components, in this quarter as well, which had an impact on our bottom-line. We believe the supply chain issues will soften in the upcoming quarters and various measures have been put in place by our teams to address the same.”

Pricol is one of India's leading dashboard manufacturers. The company carries out its business and operations in driver information systems and sensors, pumps and allied products, telematics and wiping systems catering to leading automotive OEMs in two / three-wheeler, passenger vehicles, commercial vehicles, farm equipment and offroad vehicles across India and in international markets.

The scrip shed 0.09% to currently trade at Rs 234.60 on the BSE.