G Electroplast announced its Q2 FY25 financial results, showcasing impressive year-over-year (YoY) growth in both revenue and profitability. The strong performance reflects the company’s effective business strategies and expanding market reach. Alongside the results, PG Electroplast has also raised its guidance for FY25, underlining its optimistic outlook for the year.
Key Financial Highlights for Q2 FY25:
- Revenue from Operations: ₹671.29 crore, up significantly by 45.9% YoY from ₹460.42 crore in Q2 FY24.
- Total Income: ₹675.43 crore, marking robust growth from ₹463.71 crore in the same quarter last year.
- Profit Before Tax (PBT): ₹30.06 crore, a notable increase from ₹17.59 crore in Q2 FY24.
- Net Profit (PAT): ₹19.32 crore, showing an impressive 56% YoY growth from ₹12.36 crore in Q2 FY24.
Quarterly Comparison (QoQ):
- Revenue from Operations: Declined by 49.2% from ₹1,320.68 crore in Q1 FY25.
- PAT: Decreased from ₹83.69 crore in Q1 FY25, indicating a quarter-on-quarter (QoQ) contraction, possibly reflecting seasonal factors or market conditions impacting quarterly sales.
Updated Guidance for FY25:
- Revenue Target: PGEL now aims for ₹4,250 crore, representing a 54.7% growth over FY24’s consolidated revenue. This guidance considers the shift of its TV business to Goodworth Electronics.
- Net Profit Target: Revised to ₹250 crore, marking an 82.5% increase over FY24’s net profit of ₹137 crore.
- Goodworth Electronics Contribution: Projected revenue for Goodworth Electronics is ₹600 crore, implying a group revenue of ₹4,850 crore for FY25.
- Product Segment Growth: The company’s product business (including washing machines, room air conditioners, and air coolers) is expected to grow by approximately 78%, reaching ₹2,975 crore, up from ₹1,668 crore in FY24.
- Capital Expenditure (Capex): Expected in the range of ₹370-380 crore, with investments in two new greenfield facilities in North India and the expansion of Supa facilities.
Analysis:
PG Electroplast’s strong YoY growth in Q2 FY25 demonstrates its resilience and ability to capture market opportunities. While QoQ figures reflect some contraction, likely due to seasonal fluctuations, the company’s raised guidance underscores its confidence in achieving substantial growth for the fiscal year.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
