Power & Instrumentation (Gujarat) Limited — Updates, 12-11-2024: Press Release

PIGL's consolidated financial results show impressive growth trends for Q2 FY25, with total income reaching ₹55.75 Cr, a 127.34% increase YoY, and net profit soaring by 180.11% to ₹3.89 Cr. The EBITDA margin declined slightly to 10.84% but still remains solid. For H1 FY25, total income was ₹81.74 Cr, reflecting a 75.34% increase, while net profit rose to ₹5.76 Cr, up by 140.72% YoY.

Strategically, PIGL is capitalizing on the increasing demand for its expertise in the expanding power sector. It secured a key contract to develop a substation at Ahmedabad International Airport, valued at ₹20.93 Cr. Additionally, an initiative to acquire a controlling stake in Peaton Electrical Company Limited is in motion, which will enhance PIGL's service offerings.

The company is also strengthening its solar EPC focus in line with India's renewable energy goals and has initiated important projects under the Mukhyamantri Ujjawal Jharkhand Yojana, indicating a robust outlook with significant growth opportunities ahead for investors.