Chip crisis, second Covid-19 wave drag Pricol Q2 net down 64% to Rs 13 cr

The company's total income stood at Rs 390 crore during the quarter, up a marginal 1%

Pricol Ltd, a manufacturer of auto parts and precision engineered products, has posted a 64 per cent dip in net profit during the second quarter of the financial year 2021-22 to Rs 13 crore from Rs 21.3 crore during the same period in 2020-21, owing to the second wave of Covid and semiconductor crisis.

The company’s total income stood at Rs 390 crore during the quarter ended September 30, 2021 up a marginal one per cent over Rs 387 crore in the corresponding quarter of FY21. The company’s earnings before interest, tax, depreciation and amortisation (operational EBITDA) stood at Rs 46.35