Pricol shares jump 8% after Q2 results; net profit rises 33% YoY to Rs 85 crore
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Shares of Pricol rallied 8.28% to Rs 732.60 during Thursday's trading session after the company reported a strong financial performance for the September 2026 quarter (Q2FY27), with healthy growth in both revenue and net profit.The company's consolidated net profit increased 33% year-on-year (YoY) to Rs 85 crore in Q2FY27, compared with Rs 64 crore in the corresponding quarter last year. Revenue from operations rose 35% to Rs 1,334 crore from Rs 988 crore in the year-ago period.H1FY27 financial performanceFor the first half of FY27, Pricol reported a consolidated profit after tax (PAT) of Rs 152.23 crore, registering a YoY growth of 33.68%. Revenue from operations during the period stood at Rs 2,417.60 crore, up 29.59% compared with the corresponding period last year.Business highlightsDuring Q2FY27, Pricol received several industry recognitions and awards, highlighting its operational capabilities, product development and customer relationships.The company was recognised as one of the "Iconic Brands of India 2026" at the ET Edge Iconic Brands of India Awards for its focus on customer trust, brand value and long-term stakeholder relationships.It also received the "Best Production Ramp-Up Support Award" from TVS Motor Company for its operational excellence and ability to support customer production requirements through cross-functional collaboration.Additionally, Pricol was honoured with the "Excellence in Indigenous Design & Parts Development" Award for FY2025-26 by Komatsu India Private Limited. The recognition was for the successful localisation of the 7-inch TFT cluster for the PC75/PC81 hydraulic excavator.Its subsidiary, Pricol Precision, received the "Valued Partnership for Support & Collaboration" Award from Ather Energy at the company's Annual Supplier Meet, acknowledging its contribution towards customer collaboration and partnership excellence.What management saidCommenting on the company's performance, Vikram Mohan, Chairman and Managing Director of Pricol, said the company remains focused on improving operational efficiency, maintaining cost discipline and enhancing productivity amid changing business dynamics and evolving market requirements.He added that Pricol continues to adapt its strategies to changing customer expectations and industry developments, with an emphasis on technological advancement, product development, quality and reliability. The company's priorities remain centred on agility, competitiveness and consistent execution to navigate changing business conditions.Pricol share price performancePricol shares have gained around 37% over the past year, while the stock has surged 105% over the last three years. The company currently commands a market capitalisation of approximately Rs 8,651 crore. The stock's 52-week high stands at Rs 823.On the technical front, Trendlyne data shows that Pricol is currently trading above five of its eight simple moving averages (SMAs), indicating a positive trend across some key moving-average parameters.Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here
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