PG Electroplast Ltd. Results

H1FY25 & Q2FY25 Result Announced for PG Electroplast Ltd.

Consumer Electronics company PG Electroplast announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Operating Revenues for the quarter were Rs 671.30 crore – a growth of 45.8% YoY. Quarterly EBITDA stood at Rs 60.54 crore versus Rs 40.86 crore in Q2FY25 – a growth of 48.2%. Quarterly Net profit stood at Rs 19.47 crore versus Rs 12.39 crore in Q2FY25 - a growth of 57.2%. H1FY25 Financial Highlights: Net Sales for the period were Rs 1991.98 crore – growth of 75.0% YoY. EBITDA stood at Rs 195.08 crore versus Rs 107.96 crore in H1FY25 – a growth of 80.7%. Net Profits stood at Rs 104.40 crore versus Rs 46.19 crore in H1FY25 – growth of 126.0%. Vishal Gupta, M.D. Finance, PG Electroplast, said: “Growth momentum in the Product division continues, and the company is seeing very strong traction with both existing and new clients, demonstrating growth leadership in key focus areas such as RACs and washing machines. Product innovations and investments in new platforms remain key priorities to drive growth prospects across product categories. The company aims to become a product leader while maintaining the most competitive cost structure in its focus areas. Capacity additions and physical infrastructure expansion are on track, and with the new facilities, the company will be one of the largest manufacturers in the country for RACs and washing machines. The focus on improving asset turnover to enhance capital efficiency remains strong. Management is confident and committed to delivering industry-leading growth with best-in-class return ratios in the coming years.”

Q1FY25 Quarterly Result Announced for PG Electroplast Ltd.

Consumer Electronics company PG Electroplast announced Q1FY25 results: Financial Highlights: Operating Revenues for the quarter were Rs 1,320.68 crore – a growth of 94.9% YoY. Quarterly EBITDA stood at Rs 134.52 crore versus Rs 67.10 crore in Q1FY24 – a growth of 100.5%. Quarterly Net profit stood at Rs 84.93 crore versus Rs 33.81 crore in Q1FY24 - a growth of 151.2%. Business Highlights: Consolidated Revenues crossed Rs 1,320 crore with Product business sales crossing Rs 993 crore. PGEL’s 100% subsidiary, PG Technoplast clocked Rs 984.30 crore in revenue in Q1FY24. The Product business contributed 75% of the total revenues in Q1FY25. The Product business grew 124% YoY for the quarter. The AC product business had 130% growth during the quarter. The Washing machines business grew 72% and the Coolers business grew 287% during Q1FY25. The order book and visibility for all product businesses remain robust and the company is on track to scale the business significantly in FY2025. TV & Electronics business in PG Electroplast contributed 7.6% of the total revenues and grew 104% in Q1FY25. The TV business has completely shifted to the new 50% JV Goodworth Electronics in Q1FY25. The Sales of Goodworth in Q1FY25 stood at Rs 75.46 crore and EBITDA was at Rs 0.62 crore. Capital efficiency of business improved, and the company’s RoCE was 28% and RoE was 24% for the Trailing 12 months, ending June 2024. Net fixed Asset turns for the company stood at 4.97x. The company plans to further invest in enhancing capacities in both RAC and washing machines for future growth.

Q4FY24 Quarterly & FY24 Annual Result Announced for PG Electroplast Ltd.

Consumer Electronics company PG Electroplast announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Operating Revenues for the quarter were Rs 1,076.6 crore – a growth of 30.0% YoY. Quarterly EBITDA stood at Rs 119.8 crore versus Rs 76.9 crore in Q4FY23 – a growth of 55.8%. Quarterly Net profit stood at Rs 71.59 crore versus Rs 40.17 crore in Q4FY23 - a growth of 78.2%. FY24 Financial Highlights: Revenues were Rs 2,746.5 crore – growth of 27.2% YoY. EBITDA for FY2024 stood at Rs 274.8 crore vs Rs 180.4 crore– growth of 52.3%. Net profit for FY2024 stood at Rs 137.0 crore versus Rs 77.5 crore –growth of 76.9% Board of Directors have approved the stock split in the ratio of 1:10, implying that each Rs 10 paid up share will be subdivided into 10 shares of Rs 1 each. Board of Directors have approved the final dividend of Rs 0.20 (20 paise) on each split share of Rs 1 face value. Anurag Gupta, Chairman of the company said, “FY2024 has been another remarkable year in the growth journey of PGEL, Company has been able to strengthen its Balance sheet, successfully expanded its capacities in RAC business and formed new partnerships for Electronic and IT hardware business. All existing business lines have high visibility of strong growth rates, while several new promising opportunities are at the door step of the company. Focus on efficient capital allocation, driven by improving Asset turns through product business growth has been the hallmark of our strategy and we aim to deliver Industry leading growth with best in class return ratios in coming years. We believe that our new initiatives along with focused product strategy will open new growth horizon for Company in near future.”

Q3FY24 Quarterly & 9MFY24 Result Announced for PG Electroplast Ltd.

Consumer Electronics company PG Electroplast announced Q3FY24 & 9MFY24 results: Q3FY24 Financial Highlights: Net sales amounted to Rs 5.30 billion, marking a growth of 15.8% YoY. Quarterly EBITDA reached Rs 470 million, compared to Rs 381.7 million in Q3FY24, reflecting a growth of 23.1% YoY. Quarterly net profits stood at Rs 192.3 million, up from Rs 137.4 million in Q3FY24, representing a growth of 40.0% YoY. 9MFY24 Financial Highlights: Net sales for the period were Rs 16.65 billion, indicating a growth of 26.1% YoY. EBITDA stood at Rs 1.55 billion, compared to Rs 1.04 billion in 9MFY24, reflecting a growth of 49.7%. Net profits stood at Rs 654.2 million, compared to Rs 373.0 million in 9MFY23, showing a growth of 75.4%. Commenting on the performance, Vishal Gupta, MD (Finance), stated, "PG’s 9MFY24 performance reflects its strategy and focus on capital allocation and growing organically. The company continues to strengthen its position in RAC, Washing Machines, and Consumer Electronics with industry-leading growth in its areas of focus. We believe our Capacity and Capability matrix has further strengthened with the commissioning of the new AC facility in Bhiwadi, expanded capacities for AC in Supa, and the flagship Electronics Manufacturing facility in JV in Greater Noida. The outlook for all business segments remains robust with increases in wallet shares in existing clients and good momentum in addition of new clients. We continue to execute the Product business strategy by expanding our R&D; and Product development capabilities."