PG Electroplast shares crash 23% after Q1 PAT drops 54% QoQ; near-term headwinds seen

PG Electroplast shares crash 23% after Q1 PAT drops 54% QoQ; near-term headwinds seen

Shares of PG Electroplast ended with 23% cuts on Friday after the corporate reported a 20% year-on-year decline in its Q1 consolidated web revenue at Rs 67 crore. The decline was even sharper on a sequential foundation, plunging 54%.

The firm had reported a revenue after tax (PAT) of Rs 84 crore in Q1FY25 and Rs 145 crore in Q4FY25 and the numbers are attributable to the homeowners of the corporate.

The firm’s income from operations elevated 14% to 1,504 crore within the quarter under evaluate while falling 21% on a sequential foundation. 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 firm attributed the PAT decline to the early arrival of the monsoon which impacted seasonal gross sales for Room ACs, making Q1 a more subdued start to the 12 months.

Vishal Gupta, Managing Director – Finance expects the near-term development to seemingly average, he stays upbeat about the corporate’s medium and long-term outlook.
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The earnings have been announced today during market hours and PG Electroplast shares today closed at Rs 567.35 on the NSE, eroding practically 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 development of three.6%.

The consolidated revenues crossed Rs 1,500 crores, with the product enterprise contributing Rs 1,159. PGEL’s 100% subsidiary, PG Technoplast, reported revenues of Rs 1,211 crore.

The Product enterprise contributed 77.1% of total revenues, rising 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.

(Disclaimer: Recommendations, ideas, views and opinions given by the specialists are their very own. These don’t signify the views of Economic Times)

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