The shares of Electronic Manufacturing Services (EMS) provider for Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs) of consumer electronic products surged 10 percent after posting strong Q3 Results with Net Profits jumping 109 percent.
Share Price Movement
The shares of PG Electroplast Ltd, with a market capitalization of Rs 24,752 Crores, climbed 10 percent in Friday’s trade reaching an Intraday High of Rs 925 per share. However as of 1:00 pm, the shares retreated to Rs 882 per share which was around 5 percent higher than the previous close of Rs 841.
The shares generated impressive returns of 346 percent in 1 year, 1060 percent in 3 years, and 13,658 percent in 5 years respectively.
Q3FY25 Results
The Company’s Revenue from Operations jumped 82 percent YoY from Rs 532 Crores in Q3FY24 to Rs 968 Crores in Q3FY25. On a quarterly basis, it grew by 44 percent from Rs 671 Crores in Q2FY25.
The company’s Net Profits rose at an impressive 109 percent from Rs 19.23 Crores in Q3FY24 to Rs 40.14 Crores. On a quarterly basis, it grew by 106 percent from Rs 19.47 Crores in Q2FY25.
Its EBITDA grew by 96.5 percent YoY from Rs 47 Crores to Rs 92.37 Crores, and the EBITDA margins grew from 8.8 percent to 9.5 percent.
Industry Outlook
Government reforms such as Digital India, Make in India, Power for all and Jan Dhan-AadharMobile Trinity are providing fresh impetus to the Consumer appliance and durable Industry. Low penetration levels, falling prices of durables and electronics and changing lifestyle of the Indian consumer are expected to remain big demand drivers for the consumer durable and electronics Industry in India in near future.
Management Guidance
In FY2025, Management expects EBITDA margins to have slight upward bias. The growth in product business i.e., WM, RAC and Coolers is expected to be around 97.8% to over Rs. 3300 crores from Rs.1668 crores in FY2024.
Capex for FY2025 will be in the range of Rs 370-380 crores. New Integrated Unit for Manufacturing RAC in Rajasthan, New Building in Greater Noida and new building along with further AC capacity expansion in Supa is getting commissioned.
About PG Electroplast Ltd
PG Electroplast Limited is the flagship company of PG Group established in 1977. It is a leading, diversified Indian Electronic Manufacturing Services provider. The company specializes in Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM) and Plastic Injection Moulding, providing One Stop Solutions to 70+ leading Indian and Global brands. It has 5000+ employees across 10 manufacturing units.
Written By Adhvaitha Nayani
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