Pricol share price dropped by 1.56% to ₹545.10 in early trading on January 3, following the company’s announcement of the divestment of its wiping business division.
The company’s board approved selling its wiping business division to Auto Ignition through a slump sale agreement. The transaction is valued at ₹20 crore, subject to adjustments in the business transfer agreement. In FY24, the wiping business generated ₹66.36 crore in revenue.
In December, Pricol’s subsidiary, Pricol Precision Products, acquired Sundaram Auto Components’ injection moulding business for ₹215.3 crore in an all-cash deal.
Pricol shares reached a 52-week high of ₹598.85 in December 2024 and a low of ₹330.50 in March 2024. The stock is currently trading 8.98% below its 52-week high and 64.93% above its 52-week low.
Pricol posted a consolidated net profit of ₹45.07 crore in Q2 FY25, reflecting a 35.95% increase from ₹33.15 crore in Q2 FY24. Revenue from operations grew by 15.53% year-on-year to ₹650.07 crore.
The company’s profit before tax (PBT) was ₹60 crore in Q2 FY25, marking a 35.74% rise from ₹44.20 crore in Q2 FY24. EBITDA surged 24.70% YoY to ₹87.12 crore, with an EBITDA margin of 13.40%. For the first half of FY25, Pricol’s net profit rose by 39.23% to ₹906.31 crore. Revenue for the period increased by 15.50% to ₹12,530 crore compared to H1 FY24.
Pricol manufactures auto components, including wiper motors and washer kits, while Auto Ignition specialises in motors and alternators for the automotive sector.
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