The corporate 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 house owners of the corporate.
The corporate’s income from operations elevated 14% to 1,504 crore within the quarter underneath assessment whereas falling 21% on a sequential foundation. The topline stood at Rs 1,321 crore in Q1FY25 and Rs 1,910 crore in Q4FY25.
The Digital Manufacturing Providers (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 extra subdued begin to the yr.
Vishal Gupta, Managing Director – Finance expects the near-term development to possible average, he stays upbeat in regards to the firm’s medium and long-term outlook.
The earnings had been introduced right this moment throughout market hours and PG Electroplast shares right this moment closed at Rs 567.35 on the NSE, eroding almost Rs 170 per share.Additionally Learn: SBI Q1 Results: Standalone PAT jumps 12% YoY to Rs 19,160 crore, beats Street estimatesThe Earnings Earlier than Curiosity, 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. Inside this, room ACs grew 15.1% YoY, washing machines grew 36.1% YoY, and coolers declined marginally by 3.9% YoY.
(Disclaimer: Suggestions, solutions, views and opinions given by the consultants are their very own. These don’t signify the views of Financial Occasions)
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