Pricol plunges on weak Q1 earnings

Net profit for the June quarter slumped 86% to Rs 6 crore compared to Rs 44 crore in June last year

Image
SI Reporter Mumbai
Last Updated : Aug 07 2014 | 2:19 PM IST
Pricol dipped 8% to Rs 44 on the BSE after the company's net profit in the June quarter sharply declined by 86% to Rs 6 crore. The company had recorded profit of Rs 44 crore in the same quarter last fiscal.

However, total operational income of the company increased to Rs 232 crore against Rs 208 crore in the corresponding quarter of previous year and finance cost decreased from Rs 2 crore  to Rs 1 crore.

Pricol is engaged in the business of manufacturing dashboard instruments & accessories, oil pumps and idle speed control valve assembly, etc.

The shares of Pricol opened at Rs 48, touched a high of Rs 48 and a low of Rs 43 on the BSE. A total of 118,462 shares have been exchanged on the BSE so far.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 07 2014 | 2:13 PM IST

Next Story