Shares of PG Electroplast surged over 8% after the company reported strong financial results for the fourth quarter. The impressive performance was driven by a 30% revenue growth to ₹1,076 crore, which the company attributed to robust growth in its product business.
For the March quarter, PG Electroplast’s product business witnessed a 25% growth, contributing to an increased share of 72% of the company’s total revenue. The management expressed confidence in scaling the product business significantly in the financial year 2025 as well.
PG Electroplast reported an EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) margin of 10.8%, marking an improvement from 9.1% during the same quarter last year. The company’s operating margin saw a boost due to cost control measures, softer commodity prices, and operating leverage.
Looking ahead, PG Electroplast expects to achieve revenue of ₹3,400 crore in the financial year 2025, representing a growth of 23.8% over the previous financial year. Additionally, the company’s net profit is likely to grow by an impressive 46% in the new financial year, reaching ₹200 crore.
As of 10:20 am, PG Electroplast’s shares were trading 7.53% higher at ₹2,559.30 on the National Stock Exchange (NSE).
