PG Electroplast Limited — Results, 12-05-2025: Integrated Filing- Financial

PG Electroplast Limited has announced a board meeting on May 19, 2025, to consider the financial results for the quarter and half-year ended March 31, 2025.

**Revenue Performance:**

Consolidated revenue surged 76.6% YoY to Rs. 4,866.53 Cr, driven by volume growth and expanded operations across subsidiaries like PG Technoplast, PG Plastronics, and Next Generation Manufacturing.

**Profitability and EPS:**

Net profit more than doubled to Rs. 281.80 Cr from Rs. 130.12 Cr, with basic EPS rising to Rs. 10.74 from Rs. 4.21. Improved margins reflect operating leverage and cost efficiencies despite higher raw material prices.

**Operational Costs:**

Raw material costs climbed 40% YoY to Rs. 1,284.10 Cr due to input cost inflation and volume expansion. Employee expenses increased moderately to Rs. 93.55 Cr, and finance costs rose to Rs. 33.08 Cr on account of higher borrowings. Other expenses remained controlled, aiding margin improvement.

**Key Metrics:**

EBITDA and margins expanded notably, supported by scale and operational efficiencies. Strategic acquisitions and joint ventures contributed goodwill and intangible assets, indicating long-term growth focus.

**Balance Sheet / Cash Flow Health:**

Assets nearly doubled to Rs. 5,120.81 Cr with fixed assets and working capital build-up. Net borrowings increased but remain manageable with Rs. 181 Cr in long-term and Rs. 121.32 Cr in short-term debt. Cash reserves improved to Rs. 81.22 Cr, backed by robust operating cash flow. The Rs. 1,477.56 Cr QIP raised in December 2024 funded capex and debt reduction.

**Management Outlook:**

Capex plans focus on expanding manufacturing at Supa (Ahmednagar) and Karoli (Bhiwadi), leveraging subsidiary growth and working capital optimization. A dividend of Rs. 0.25 per share is proposed.

**Final Takeaway:**

PG Electroplast is demonstrating strong upward momentum with substantial revenue and profit growth, efficient capital deployment, and clear expansion strategies. Retail investors can view this as a positive indicator of sustained value creation in the plastics and electronics manufacturing space.