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
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