Power & Instrumentation (Gujarat) Limited — Updates, 14-02-2025: Press Release

PIGL has reported impressive financial results for the quarter and nine months ended December 31, 2024. Total income for Q3 FY25 reached ₹34.14 Cr, up 120.32% year-over-year, while net profit soared 277.72% to ₹3.12 Cr. For the nine months, total income was ₹115.89 Cr, an 86.57% increase, with net profit at ₹8.95 Cr, marking a 177.91% rise. The company is also expanding its operations by increasing its stake in Peaton Electricals Company Limited (PECL) to 60%, which aims to enhance manufacturing capabilities and diversify its product offerings.

PIGL successfully completed a ₹10.80 Cr project for the Nuclear Fuel Complex in Kota, showcasing its expertise in high-voltage systems. This success and the entry into the Solar EPC segment position PIGL well for future growth, indicating a positive outlook for sustained performance in FY25 and beyond. Investors should watch closely as these developments could translate into significant opportunities for expansion and revenue generation.