Pricol Limited Released Financial Results for Third Quarter 2015 - 16. Reports 27.19 Percent Growth in Revenue

Detroit, MI, February 18, 2016 --(PR.com)-- Pricol limited, Coimbatore based global automotive components manufacturing company, announced the financial results for the quarter and nine months ended 31st December 2015.

The company reports a good surge in third quarter revenue of 29,720.02 lakhs, comparing to 23,367.55 lakhs in the previous quarter ended September, 2015 registering 27.19 percent increase in revenue growth. Looking at the nine months results for the period ended 31st December 2015, the figures closed at 748,34.05 lakhs comparing to 682,70.04 lakhs for the period ended 31st December 2014 which is 9.61 percent growth. This revenue growth is mainly due to new order wins across all market segments.

Statement from Pricol Limited Managing Director Mr. Vikram Mohan, “Our Q3 2015–16 results marks a significant turnaround for Pricol. There is reasonable confidence that the domestic market is indeed reviving. We believe this growth momentum will continue and we should close this fiscal on a very positive note. A more stable and optimistic business environment contributed to the increase in sales in the last quarter.”

The detailed information of financial results is available at company website Pricol.com, nseindia.com and bseindia.com

About Pricol Limited

Pricol Limited a leading manufacturer of automotive components for the global automotive market, thrives on innovation, cutting edge technology and superior products across two, three and four wheelers, commercial vehicles, tractors, fleet management solutions and construction & industrial tooling segments across the global market. The company’s performance is driven by over 38 patents, 8 manufacturing units and 7 business offices across the globe including India, Indonesia, USA, Brazil, Germany, Singapore and Japan. For further information on the organisation and its products, please visit http://www.pricol.com/