PG Electroplast Limited shares jumped by 10.8% to ₹930.95 on the BSE on February 7, 2025, following the release of its strong Q3 FY25 results. Investors welcomed the company’s good performance, which showed higher growth across all segments.
PG Electroplast is a well-known name in the consumer durables and electronic manufacturing services (EMS) industry. It offers complete solutions, including plastic injection moulding, OEM, and ODM manufacturing for products like air conditioners, washing machines, air coolers, and LED TVs.
PG Electroplast Q3 FY25 results
The company’s latest results show steady progress. Its operating revenue reached ₹967.69 crores, up 81.9% from the same quarter last year. EBITDA almost doubled, rising 96.5% to ₹92.37 crores from ₹47.00 crores in Q3 FY24. Meanwhile, net profit rose by 108.7% to ₹40.14 crores compared to ₹19.24 crores last year.
Key highlights of Q3 FY25
PG Electroplast’s total revenue for the quarter stood at ₹968 crores, with its product business bringing in ₹663 crores in sales. PG Technoplast Private Limited, the company’s subsidiary, also performed well, generating ₹620 crores in revenue.
The product business saw a 140.7% rise from last year, making up 68.5% of total revenue. The electronics ex-TV business also showed strong growth, increasing 15.6 times and contributing 7.0% of total revenue. Meanwhile, TV business sales climbed to ₹436.56 crores in 9MFY25, marking a 72.1% rise.
On the financial side, the company’s return on capital employed (RoCE) was 23.5%, while the return on equity (RoE) stood at 11.9%. The net fixed asset turnover ratio was recorded at 5.34x.
Positive outlook and growth plans
Looking ahead, PG Electroplast remains confident about its growth. The company plans to increase its production capacity to meet the rising demand in the consumer durables and plastics market. It aims to achieve higher revenue, improve profit margins through better efficiency, and manage capital effectively for steady cash flow. With its strong position in the share market investment space, it continues to attract investor interest.
FY25 guidance: Higher estimates
Encouraged by its strong Q3 performance, the company has revised its FY25 revenue and profit targets upwards. It now expects revenue to reach ₹4,550 crores, marking a 65.7% rise over FY24. Net profit is projected at ₹280 crores, a 104.5% increase over last year.
Total group revenue is expected to reach ₹5,100 crores. The product business alone is estimated to grow 98% year-on-year to ₹3,300 crores. The company has also allocated ₹370-380 crores for capital expenditure, which includes setting up two new factories in North India and expanding its Supa facilities.
PG Electroplast share market performance
PG Electroplast’s stock has been on a strong run, delivering a 307% return in the past 12 months. This steady growth has made it a key player in the BSE SmallCap universe, attracting investors looking for share market investment opportunities. On February 7, 2025, at 11:15 AM, PG Electroplast Limited saw a 7.15% increase, reaching ₹900.05 per share.
With its solid financial results, expansion plans, and a positive outlook, PG Electroplast continues to strengthen its position in the Indian consumer durables industry. As the company grows further, it presents a good opportunity for those interested in share market investment in a rising company.
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