3 weeks ago
PG Electroplast shares in focus as revenue tops ₹2,000 crore
PG Electroplast is a company that makes electronic things like air conditioners and washing machines.
The company shared how much money it made in the three months of the June quarter.
This was a very good quarter because it collected more than ₹2,000 crore in sales for the very first time.
That is 35% more than it earned in the same period last year.
Its profit also grew, going up by 12% to ₹75 crore.
But making money on each sale got a bit harder because the materials it buys cost more.
Its profit margin, the money left over after costs, fell to 7.3%.
The company sold many more air conditioners, washing machines, and other electronic products.
People who follow the company are watching its shares closely to see how they react on Friday.
PG Electroplast's quarterly revenue crossed ₹2,000 crore for the first time, up 35% from last year and above the CNBC-TV18 poll of ₹1,919 crore.
EBITDA rose 22% to ₹148 crore, but EBITDA margin narrowed 80 basis points to 7.3% from 8.1%, below the 7.7% poll estimate.
Net profit grew 12% to ₹75 crore from ₹66.7 crore, though it came in below the estimate of ₹82 crore.
The Room AC business grew 38% and contributes 70% of company sales, washing machines grew 67%, and the electronics business grew 65%.
Shares ended 1% higher on Thursday at ₹609; the stock is up 5% for the year and 33% from its June lows of ₹459.
- Who
- PG Electroplast Ltd., an Electronic Manufacturing Services (EMS) provider.
- What
- Reported June quarter results with revenue crossing ₹2,000 crore for the first time, but with margin pressure.
- Where
- India.
- When
- June quarter results reported after market hours on Thursday, with shares reacting on Friday, August 7.
- Why
- Growth was driven by the product and electronics businesses, while higher costs of goods, employee benefits, and other expenses pressured margins.
Key facts
- Quarterly revenue
- Crossed ₹2,000 crore for the first time, up 35% year on year
- EBITDA
- ₹148 crore, up 22% year on year
- EBITDA margin
- 7.3%, down 80 basis points from 8.1%
- Net profit
- ₹75 crore, up 12% from ₹66.7 crore
- Room AC business growth
- 38%, contributing 70% of company sales
- Washing machine growth
- 67% in the quarter
- Electronics business growth
- 65%, forming 5% of overall topline
- Share price
- ₹609 at Thursday's close, up 1%
Sources
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