Latest news with #PGElectroplastLtd
Business Upturn
26-05-2025
- Business
- Business Upturn
PG Electroplast block deal tomorrow: Promoter to sell 5% stake worth Rs 1,177 crore
By News Desk Published on May 26, 2025, 20:27 IST PG Electroplast Ltd is set to witness a major block deal on May 27, 2025, as the company's promoter is expected to offload over 5% stake in the firm. The total deal size is pegged at ₹1,177 crore, with the floor price set at ₹740 per share, representing a 4.4% discount to the current market price. As of 3:30 PM IST on May 26, the stock closed at ₹773.95, marginally down 0.06%, after trading in a volatile range between ₹755 and ₹780.95 during the session. The stock had opened at ₹777.85 and saw renewed buying interest toward the close, as news of the block deal circulated in the market. At a market capitalization of ₹21,930 crore and a P/E ratio of 73.36, PG Electroplast remains a key player in the electronics manufacturing space. The block deal is expected to improve liquidity and broaden institutional holding in the stock. Further details, including buyer names and transaction execution, will be closely tracked when the block window opens on Tuesday. Disclaimer: This article is for informational purposes only. Business Upturn does not provide any investment advice or stock recommendations. Investors are advised to consult a qualified financial advisor before making any investment decisions. News desk at
Yahoo
13-05-2025
- Business
- Yahoo
PG Electroplast Ltd (BOM:533581) Q4 2025 Earnings Call Highlights: Record Revenue Growth and ...
Release Date: May 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. PG Electroplast Ltd (BOM:533581) reported a 77% increase in operating revenues, crossing ?4,869 crore, with the product business contributing 72.4% of the total revenue. The company's EBITDA increased by 81% to ?519 crore, and net profit rose by 112% to ?291 crore, showcasing strong financial performance. The room AC business saw a 128% growth, while the washing machine and cooler businesses grew by 43% and 80%, respectively. The company has a robust order book and visibility for the product business, with plans to grow significantly in FY26. PG Electroplast Ltd (BOM:533581) is planning significant capacity expansions, including new greenfield plants for RAC and washing machines, and a refrigerator plant in South India, indicating future growth potential. The company faces challenges with ASPs in certain categories being down by up to 5% on a year-over-year basis. The plastic division is expected to grow only by 10% next year due to lower petroleum prices affecting raw material costs. There are concerns about industry demand due to early monsoons and delayed summer, affecting inventory levels. The company is carrying a large amount of inventory, which has impacted cash flow from operations negatively. The PLI incentives and state government incentives are included in the revenue guidance, which may not be sustainable long-term. Warning! GuruFocus has detected 2 Warning Signs with BOM:533581. Q: What gives PG Electroplast confidence in their growth despite industry concerns about demand due to early monsoons and rising inventory levels? A: Mr. Vishal Gupta, Managing Director, explained that PG Electroplast serves over 35 brands, allowing them to diversify risks. While some brands face challenges, the company remains confident in meeting its guidance due to its broad client base and strong business outlook. Q: Why is the growth target for the plastic division lower compared to other segments? A: Mr. Vishal Gupta noted that the slower growth in the plastic division is due to declining petroleum prices, which affect raw material costs. Although volume growth is expected, the value growth is projected at around 5-10% due to lower average selling prices. Q: What is the status of the refrigerator plant and its expected contribution to revenue? A: Mr. Pramod Gupta, CFO, stated that the refrigerator plant is in the planning stages, with land and machinery finalization underway. No revenue from this plant is expected in FY26, but it is anticipated to contribute from the second year of operations. Q: How does PG Electroplast plan to manage the compressor supply issue? A: Mr. Pramod Gupta mentioned that the Indian government has extended the import allowance for compressors until April 2026, alleviating immediate supply concerns. The company is also setting up its compressor manufacturing facility, expected to be operational by Q4 FY26. Q: What are the expected capital expenditures for FY26, and how will they be funded? A: Mr. Pramod Gupta outlined a CapEx plan of INR 800-900 crore for FY26, focusing on new facilities for refrigerators, washing machines, and compressors. This will be funded primarily through existing cash reserves and internal accruals, with minimal reliance on debt. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
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Business Standard
13-05-2025
- Business
- Business Standard
PG Electroplast Q4 result: PAT doubles to ₹146.38 cr on better operations
PG Electroplast Ltd (PGEL), a contract manufacturer of consumer electronics and home appliances, has reported a two-fold jump in consolidated net profit to Rs 146.38 crore in the March quarter of FY'25 led by strategic expansion in products, capacity and increase in operational efficiencies. It had posted a consolidated net profit of Rs 71.58 crore in the January-March quarter a year ago, according to a regulatory filing by PG Electroplast Ltd (PGEL) on Monday. PGEL's revenue from operations was up 77.4 per cent to Rs 1,909.85 crore in the March quarter. It was at Rs 1,076.57 crore in the corresponding quarter a year before. Total expenses of PGEL were Rs 1,749.79 crore in the March quarter, up 76.84 per cent. Its total revenue was up 78.68 per cent to Rs 1,929.72 crore in the March quarter. For the financial year ended March 31, 2025, PGEL's net profit was up two-fold to Rs 290.92 crore, from Rs 137.01 crore a year before. In FY25, PGEL's total consolidated income rose 77.73 per cent to Rs 4,904.63 crore, helped by 6.4 per cent growth in volume. FY'25 has been a "landmark year", said PGEL in its earning statement, adding, it was marked by significant achievements and industry-leading milestones. The year had an "exceptional revenue growth' with product business sales reaching Rs 3,526 crore, driven by over two-fold growth in room air-conditioner sales. Its subsidiary, PG Technoplast, also recorded Rs 3,506 crores in operating revenue in FY'25 in its fourth year of operations. The washing machine segment experienced 43 per cent growth, while cooler sales surged 80 per cent. Commenting on the growth, Chairman Anurag Gupta said it is "driven by strategic expansion, operational efficiencies, and a strengthened balance sheet. With successful capacity enhancements and unprecedented scaling of its product business, the company is leveraging its size and partnerships to drive innovation, reduce costs, and elevate quality standards." Over the outlook for FY'26, PGEL said it continues to witness significant inquiries and firm commitments across business segments, reinforcing a strong growth trajectory. It has projected a total group revenue of Rs 7,200 crore for FY'26. "PGEL projects Rs 6,345 crore in consolidated sales for FY'26, marking a robust 30.3 per cent growth over FY2025. Net profit is expected to reach Rs 405 crore, reflecting a 39.2 per cent increase from FY'25 Rs 290.9 crore," it said. Shares of PG Electroplast Ltd on Tuesday were trading at Rs 855.10 on BSE, down 3 per cent from previous close.
Economic Times
13-05-2025
- Business
- Economic Times
PG Electroplast Q4 Results: Profit jumps two-fold to Rs 146.38 cr on rise in operational efficiencies
PG Electroplast Ltd (PGEL), a contract manufacturer of consumer electronics and home appliances, has reported a two-fold jump in consolidated net profit to Rs 146.38 crore in the March quarter of FY'25 led by strategic expansion in products, capacity and increase in operational efficiencies. It had posted a consolidated net profit of Rs 71.58 crore in the January-March quarter a year ago, according to a regulatory filing by PG Electroplast Ltd (PGEL) on Monday. ADVERTISEMENT PGEL's revenue from operations was up 77.4 per cent to Rs 1,909.85 crore in the March quarter. It was at Rs 1,076.57 crore in the corresponding quarter a year before. Total expenses of PGEL were Rs 1,749.79 crore in the March quarter, up 76.84 per cent. Its total revenue was up 78.68 per cent to Rs 1,929.72 crore in the March quarter. For the financial year ended March 31, 2025, PGEL's net profit was up two-fold to Rs 290.92 crore, from Rs 137.01 crore a year before. In FY25, PGEL's total consolidated income rose 77.73 per cent to Rs 4,904.63 crore, helped by 6.4 per cent growth in volume. ADVERTISEMENT FY'25 has been a "landmark year", said PGEL in its earning statement, adding, it was marked by significant achievements and industry-leading milestones. The year had an "exceptional revenue growth' with product business sales reaching Rs 3,526 crore, driven by over two-fold growth in room air-conditioner sales. ADVERTISEMENT Its subsidiary, PG Technoplast, also recorded Rs 3,506 crores in operating revenue in FY'25 in its fourth year of operations. The washing machine segment experienced 43 per cent growth, while cooler sales surged 80 per cent. ADVERTISEMENT Commenting on the growth, Chairman Anurag Gupta said it is "driven by strategic expansion, operational efficiencies, and a strengthened balance sheet. With successful capacity enhancements and unprecedented scaling of its product business, the company is leveraging its size and partnerships to drive innovation, reduce costs, and elevate quality standards." Over the outlook for FY'26, PGEL said it continues to witness significant inquiries and firm commitments across business segments, reinforcing a strong growth trajectory. ADVERTISEMENT It has projected a total group revenue of Rs 7,200 crore for FY'26. "PGEL projects Rs 6,345 crore in consolidated sales for FY'26, marking a robust 30.3 per cent growth over FY2025. Net profit is expected to reach Rs 405 crore, reflecting a 39.2 per cent increase from FY'25 Rs 290.9 crore," it said. Shares of PG Electroplast Ltd on Tuesday were trading at Rs 855.10 on BSE, down 3 per cent from previous close. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
13-05-2025
- Business
- Time of India
PG Electroplast Q4 Results: Profit jumps two-fold to Rs 146.38 cr on rise in operational efficiencies
PG Electroplast Ltd (PGEL), a contract manufacturer of consumer electronics and home appliances, has reported a two-fold jump in consolidated net profit to Rs 146.38 crore in the March quarter of FY'25 led by strategic expansion in products, capacity and increase in operational efficiencies . It had posted a consolidated net profit of Rs 71.58 crore in the January-March quarter a year ago, according to a regulatory filing by PG Electroplast Ltd (PGEL) on Monday. PGEL's revenue from operations was up 77.4 per cent to Rs 1,909.85 crore in the March quarter. It was at Rs 1,076.57 crore in the corresponding quarter a year before. Total expenses of PGEL were Rs 1,749.79 crore in the March quarter, up 76.84 per cent. Its total revenue was up 78.68 per cent to Rs 1,929.72 crore in the March quarter. For the financial year ended March 31, 2025, PGEL's net profit was up two-fold to Rs 290.92 crore, from Rs 137.01 crore a year before. Live Events In FY25, PGEL's total consolidated income rose 77.73 per cent to Rs 4,904.63 crore, helped by 6.4 per cent growth in volume. FY'25 has been a "landmark year", said PGEL in its earning statement, adding, it was marked by significant achievements and industry-leading milestones. The year had an "exceptional revenue growth ' with product business sales reaching Rs 3,526 crore, driven by over two-fold growth in room air-conditioner sales. Its subsidiary, PG Technoplast, also recorded Rs 3,506 crores in operating revenue in FY'25 in its fourth year of operations. The washing machine segment experienced 43 per cent growth, while cooler sales surged 80 per cent. Commenting on the growth, Chairman Anurag Gupta said it is "driven by strategic expansion, operational efficiencies, and a strengthened balance sheet. With successful capacity enhancements and unprecedented scaling of its product business, the company is leveraging its size and partnerships to drive innovation, reduce costs, and elevate quality standards." Over the outlook for FY'26, PGEL said it continues to witness significant inquiries and firm commitments across business segments, reinforcing a strong growth trajectory. It has projected a total group revenue of Rs 7,200 crore for FY'26. "PGEL projects Rs 6,345 crore in consolidated sales for FY'26, marking a robust 30.3 per cent growth over FY2025. Net profit is expected to reach Rs 405 crore, reflecting a 39.2 per cent increase from FY'25 Rs 290.9 crore," it said. Shares of PG Electroplast Ltd on Tuesday were trading at Rs 855.10 on BSE, down 3 per cent from previous close.
