PG Electroplast Limited — Updates, 06-02-2025: Press Release

PG Electroplast Ltd. reported significant growth in its financial performance for the quarter ended December 31, 2024. Operating revenues surged to INR 967.69 crore, marking an impressive 81.9% year-over-year increase. The EBITDA reached INR 92.37 crore, up 96.5%, while net profit rose to INR 40.14 crore, reflecting a remarkable growth of 108.7%. Over the first nine months of FY2025, net sales reached INR 2,959.67 crore, with EBITDA and net profits growing by 85.5% and 120.9%, respectively.

Key developments include a boost from the product business, which registered revenues of INR 663 crore. The company indicated strong performance in Room Air Conditioners (RACs) and washing machines, with growth rates of 179.5% and 64.5%, respectively, driven by strategic investments and channel filling ahead of the summer season. PGEL anticipates a robust outlook with revenue guidance revised upwards to INR 4,550 crore for FY2025, alongside plans for capital investments of INR 370-380 crore and capacity expansions in new facilities across North India. Overall, the management remains optimistic about achieving industry-leading growth and improved operational efficiencies.