The company had reported a profit after tax (PAT) of Rs 84 crore in Q1FY25 and Rs 145 crore in Q4FY25 and the numbers are attributable to the owners of the company.
The company’s revenue from operations increased 14% to 1,504 crore in the quarter under review while falling 21% on a sequential basis. The topline stood at Rs 1,321 crore in Q1FY25 and Rs 1,910 crore in Q4FY25.
The Electronic Manufacturing Services (EMS) and plastic molding company attributed the PAT decline to the early arrival of the monsoon which impacted seasonal sales for Room ACs, making Q1 a more subdued start to the year.
Vishal Gupta, Managing Director – Finance expects the near-term growth to likely moderate, he remains upbeat about the company’s medium and long-term outlook.
The earnings were announced today during market hours and PG Electroplast shares today closed at Rs 567.35 on the NSE, eroding nearly Rs 170 per share.Also Read: SBI Q1 Results: Standalone PAT jumps 12% YoY to Rs 19,160 crore, beats Street estimatesThe Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 139.42 crores versus Rs 134.54 crore in 1QFY25, recording a growth of 3.6%.
The consolidated revenues crossed Rs 1,500 crores, with the product business contributing Rs 1,159. PGEL’s 100% subsidiary, PG Technoplast, reported revenues of Rs 1,211 crore.
The Product business contributed 77.1% of overall revenues, growing 16.7% YoY. Within this, room ACs grew 15.1% YoY, washing machines grew 36.1% YoY, and coolers declined marginally by 3.9% YoY.
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