1. Opening Hook
Just when everyone was busy debating whether auto demand is “real” or just festive froth, PRICOL casually crossed the ₹1,000 crore quarterly revenue mark. No fireworks. No dramatic drumroll. Just a calm “we’re happy” on the call.
While OEMs talk about 8–9% industry growth, PRICOL dropped a 65% consolidated revenue jump in Q3. Either they’ve discovered a secret turbo button, or they’ve been quietly stealing wallet share while the market blinked.
Disc brakes, battery management systems, telematics integrations, LCD backward integration with BOE — this is no longer just about instrument clusters.
Is this still a plain vanilla auto-component company? Or is PRICOL morphing into something more tech-heavy and margin-accretive?
Read on. The interesting bits are not in the headlines — they’re buried in the Q&A.
2. At a Glance
- Revenue up 65.67% (Q3 YoY) – Crossed ₹1,000 crore. Four-digit club unlocked.
- EBITDA up 59.44% – Growth came, but margins didn’t party as hard.
- EBITDA Margin ~12% (9M) – Stable, steady, boringly consistent.
- PAT up 6.24% – Profits grew, but clearly took the stairs.
- EPS at ₹5.22 vs ₹3.4 YoY – Shareholders won’t complain.
- Exports ~10% of revenue – ACFMS quietly doing global heavy lifting.
- P3L EBITDA 9.33% – Climbing toward 10.5% aspiration. Slowly, but climbing.
3. Management’s Key Commentary
“We have crossed a thousand crore milestone during Q3.”
(Translation: We’ve entered the big league. Now don’t compare us to small-cap auto vendors anymore.)
“We have de-risked all components from Nexperia.”
(China risk? Alternate suppliers ready. Supply chain drama avoided this season 😏)
“Commodity price increases are 100% indexed back-to-back with customers.”
(We feel the pain first. Then pass the bill. Three to six months later. Patience required.)
“Disc brake production will start with a large OEM from Q1 or early Q2 next year.”
(Startup EVs were warm-up rounds. Now the real match begins.)
“Battery management system is under development with a large two-wheeler customer.”
(BMS revenue won’t hit tomorrow morning. But the pipeline is warming up.)
“We position ourselves as a technology company.”
(Not just nuts and bolts. Think electronics, displays, integration, software layers.)
“We are above 90% capacity utilization in PRICOL Precision.”
(Factory floors busy. CAPEX incoming. Growth without capacity is just optimism.)
“CAPEX of ₹400–500 crore over next 2–3 years, funded via internal accruals.”
(No equity dilution. No long-term debt. Cash flow flex 💪)
“We have outperformed the market for the last 8–12 quarters.”
(Industry grows 8%. PRICOL wants 15%+. Confidence level: high.)
4. Numbers Decoded
Metric Q3 FY26 Commentary
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Revenue (Quarter) ₹1,000+ Cr First four-digit quarter.
Revenue Growth (YoY) 65.67% Acquisition + momentum combo.
EBITDA (Quarter) ₹125 Cr Solid operating leverage.
9M Revenue ~₹2,900 Cr
