India's Pricol hits record high on Q4 profit jump

Pricol

16/05/2024 06:15

** Shares of Pricol Ltd  PRCO.NS  up as much as 5.7% to a
record high of 464 rupees 
    ** Stock last up 2.7% 
    ** Automotive technology co reported a 39.3% Y/Y rise in its
March-qtr consolidated profit to 415 mln rupees ($5 mln)
    ** Revenue from operations rose 11.1% Y/Y at 5.66 bln rupees
 
    ** PRCO trading above its 200-day moving average since June
2022
    ** EBITDA margin expands to 12.8% from 12.2% a year earlier
    ** More than 651,000 shares traded by 10:40 a.m. IST, 1.4x
its 30-day avg
    ** PRCO on track for a third straight session of gains, if
trends hold 
    ** Including session's gain, stock is up 19.2% YTD  

($1 = 83.4530 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))