PG Electroplast Ltd (PGEL) saw its shares jump nearly 8% on Thursday, driven by stellar Q3 results and raised revenue and profit guidance for FY25. The company reported a 109% YoY jump in net profit at ₹40.1 crore for Q3 FY25, compared to ₹19.2 crore in Q3 FY24.
The revenue from operations soared 81.9% YoY to ₹967.7 crore, boosted by strong product business sales amounting to ₹663 crore. At the operating level, the company registered an EBITDA jump of 102.9% to ₹85.2 crore, compared to ₹42 crore in the year-ago period. The EBITDA margin expanded to 8.8% from 7.9%.
9M FY25 Performance
- Net sales: ₹2,959.67 crore, up 77.2% YoY
- EBITDA: ₹287.44 crore, up 85.5% YoY
- Net profit: ₹144.53 crore, up 120.9% YoY
PGEL’s 100% subsidiary, PG Technoplast, contributed ₹620 crore in revenue during Q3 FY25. The room air conditioner (RAC) segment experienced robust growth of 179.5% YoY, driven by strong demand ahead of the summer season. Similarly, the washing machine segment posted growth of 64.5% YoY, outpacing the industry.
The product business, accounting for 68.5% of the total revenues, grew by a staggering 140.7% YoY. PGEL is actively expanding its capacity and developing new platforms in the RAC and washing machine segments, aiming for long-term growth.
Stock Performance
- Current share price: ₹906.15 (up 7.79%)
- Previous close: ₹840.65
- Day range: ₹920 – ₹920
- Year range: ₹146.71 – ₹1,054.20
- Market capitalization: ₹260.45 crore
The company’s order book for its product businesses remains robust, with sustained momentum expected in the coming quarters.
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