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.” Result PDF
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. Result PDF