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.” Result PDF
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." Result PDF
Consumer Electronics company PG Electroplast announced Q1FY24 results: Net sales for Q1FY24 was Rs 6.76 billion – a growth of 26.3% YoY. Operating profit for Q1FY24 was Rs 642.0 million a growth of 84.3% Quarterly EBITDA stood at Rs 671.0 million versus Rs 376.4 million in Q1FY23 - a growth of 78.3%. Quarterly net profit stood at Rs 338.1 million versus Rs 164.0 million in Q1FY23 - a growth of 106.1%. “PG’s Product business is gaining scale and is now the dominant contributor to the consolidated Sales. New product innovations and accelerating investment in newer platforms for differentiated offerings are boosting growth outlook across product segments. With 2 new facilities, one for RAC and one for TV, along with the expansion of the Supa facility, the company will be increasing its capacities significantly. With new partnerships, our positioning in consumer electronics and consumer durables is further strengthening. The focus on capital efficiency has started bearing fruits for the company. On a trailing 12-month basis, the company has crossed 22% RoCE and 24% RoE, and the management remains confident and committed to delivering industry-leading growth with best-in-class return ratios in the coming years.” said Vishal Gupta, M.D. Finance. Result PDF