Pricol Limited has informed the Exchange about Transcript
PRICOLLTD · price
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Pricol Limited posted FY25 consolidated revenue of INR 2,620.9 crore (up 18.69% YoY) with EBITDA margin of 12.75% and PAT of INR 167 crore. Q4FY25 was below expectations due to forex impact (INR 3.5 crore deferred), muted two-wheeler demand from OBD 2 regulatory change, and higher R&D manpower costs. The company is investing in new product verticals and increased R&D headcount, expecting revenue benefits in 8-12 quarters. Management reaffirmed FY26 revenue guidance of INR 3,600 crore (potentially INR 4,000 crore) and normalized EBITDA margin of 12.5-13% by Q2/Q3 FY26. The recently acquired Sundaram plastics business (Pricol Precision Products), bought for INR 195 crore at INR 750 crore run-rate, will see INR 225-250 crore CapEx over 8 quarters with target of doubling revenue to INR 1,500 crore in 3 years. Standalone CapEx of INR 200-225 crore is in its final leg with new plants in Pune and Manesar.
Short-term: Q4 weakness acknowledged but largely attributed to temporary factors (OBD 2 transition, US tariffs, forex) that are normalizing in Q1FY26. Medium-term: Strong growth pipeline supported by R&D investments, inorganic acquisition synergies, and margin recovery guidance should support stock sentiment, though near-term margin pressure from higher employee costs persists.