Board approves unaudited results; auditors find no material misstatement
The Board approved unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,334.02 | 987.93 | +35% | 1,083.58 | +23.1% |
| Total income | 1,359.46 | 1,010.23 | +34.6% | 1,107.86 | +22.7% |
| Profit before tax | 112.07 | 84.55 | +32.5% | 87.47 | +28.1% |
| Profit after tax | 85.21 | 63.99 | +33.2% | 67.02 | +27.1% |
| Total comprehensive income | 87.30 | 66.47 | +31.3% | 63.97 | +36.5% |
| Basic EPS | 6.99 | 5.25 | +33.1% | 5.50 | +27.1% |
- Total income YoY growth
- +34.6%
- Period
- For the Three Months Ended 30-Sep-2026
Auditor's review
Conclusion: Unmodified
Notes to the results
- Board on 27th June 2026 approved (subject to requisite approvals) a Scheme of Arrangement for demerger of the Driver Information & Connected Vehicle Solutions (DICVS) business into Pricol Autotech Limited.
Board outcome
The Board of Directors met on 4 November 2026 and approved the unaudited financial results (standalone and consolidated) for the quarter and half year ended 30 September 2026. The statutory auditors are Sundaram & Srinivasan, Chartered Accountants. The results were reviewed by the Audit Committee and approved by the Board. A Limited Review Report was issued for both standalone and consolidated results.
Auditor's review conclusion
In both review reports, the auditors state that, based on their review, nothing has come to their attention that causes them to believe the accompanying statement has not disclosed the information required under the Listing Regulations or contains any material misstatement. They note that a review is substantially less in scope than an audit and accordingly they do not express an audit opinion. The consolidated review also refers to the review reports of other auditors and to management-certified accounts for a subsidiary included in the consolidated results.
Balance sheet snapshot (unaudited, 30 September 2026)
- TOTAL ASSETS: standalone Rs. 2,392.39 crore; consolidated Rs. 3,033.33 crore.
- Total Equity: standalone Rs. 1,243.14 crore; consolidated Rs. 1,406.16 crore.
- Borrowings under current liabilities: standalone Rs. 379.20 crore; consolidated Rs. 428.58 crore.
Demerger note
The notes to the results state that the Board, at its meeting on 27 June 2026, approved (subject to the requisite approvals) a Scheme of Arrangement involving the demerger of the Driver Information & Connected Vehicle Solutions (DICVS) business undertaking into Pricol Autotech Limited, a newly incorporated company. The note records an approval subject to requisite approvals.
Other points
- The company's operations relate primarily to one segment, Automotive Components, and results are reported under one segment as per Ind AS 108.
- An investor conference call is scheduled for Thursday, 5 November 2026 at 4:00 PM IST, as informed by the company's letter dated 22 October 2026.
- The statement of assets and liabilities carries figures for 30 September 2026 (unaudited) and 31 March 2026 (audited).
Also from Pricol
Pricol Ltd press release
4 Nov 2026
Pricol to hold Q2/H1 FY27 earnings conference call on 5 November 2026
22 Oct 2026
Board meeting on 4 November 2026 to consider September quarter results
21 Oct 2026
More numbers
- TOTAL ASSETS – Standalone (unaudited, 30-Sep-2026)2,392.39
- TOTAL ASSETS – Consolidated (unaudited, 30-Sep-2026)3,033.33
- Total Equity – Standalone (unaudited, 30-Sep-2026)1,243.14
- Total Equity – Consolidated (unaudited, 30-Sep-2026)1,406.16
- Borrowings, current liabilities – Standalone (unaudited)379.20
- Borrowings, current liabilities – Consolidated (unaudited)428.58
- Reportable segment countone
- Total income, latest quarter1,359.46 (₹ in Crores)
- Total income, year-ago quarter1,010.23 (₹ in Crores)
- Total income, previous quarter1,107.86 (₹ in Crores)
- Total comprehensive income, latest quarter87.30 (₹ in Crores)
- Total comprehensive income, year-ago quarter66.47 (₹ in Crores)
- Total comprehensive income, previous quarter63.97 (₹ in Crores)
- Profit after tax, latest quarter85.21 (₹ in Crores)
- Profit after tax, year-ago quarter63.99 (₹ in Crores)
- Profit after tax, previous quarter67.02 (₹ in Crores)
- Revenue from operations, latest quarter1,334.02 (₹ in Crores)
- Revenue from operations, year-ago quarter987.93 (₹ in Crores)
- Revenue from operations, previous quarter1,083.58 (₹ in Crores)
- Profit before tax, latest quarter112.07 (₹ in Crores)
- Profit before tax, year-ago quarter84.55 (₹ in Crores)
- Profit before tax, previous quarter87.47 (₹ in Crores)
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