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Informist, Friday, Aug. 7, 2026

 

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--PG Electroplast Apr-Jun consol net profit INR 762.18 mln
--Analysts saw PG Electroplast Apr-Jun consol net profit at INR 898.80 mln
--PG Electroplast Apr-Jun consol revenue INR 20.34 bln
--Analysts saw PG Electroplast Apr-Jun consol revenue at INR 19.40 bln
--PG Electroplast Q1 consol PAT INR 762.18 mln vs INR 669.85 mln yr ago
--PG Electroplast Q1 consol revenue INR 20.34 bln vs INR 15.04 bln yr ago
--PG Electroplast Apr-Jun consol EBITDA INR 1.56 bln vs INR 1.39 bln year ago
--PG Electroplast aims to achieve industry-leading sales growth in coming yrs

 

By Devanshu Singla

 

MUMBAI – PG Electroplast Ltd. reported a sharp on-year growth in its net profit for the June quarter driven by a significant increase in revenue despite rising input costs. The company has surpassed the INR 20 billion mark in revenue for the first time. The company reported a net profit of INR 762.18 million for the June quarter, up 14% from INR 669.85 million in the year-ago quarter. This was significantly lower than the Street's estimate of INR 898.80 million. Sequentially, net profit increased 14% from INR 666.67 million in the March quarter. 

 

The electronic manufacturing services company's revenue from operations for the reporting quarter rose 35% on year to INR 20.34 billion from INR 15.04 billion. This was slightly above the Street's expectation of INR 19.40 billion. The company reported consolidated earnings before interest, tax, depreciation, and amortisation of INR 1.56 billion for the June quarter, up 12% from INR 1.39 billion for the year-ago quarter. The EBITDA margin contracted sharply to 7.7% from 9.3%.

 

Total expenses increased by over 35% to INR 19.48 billion for the June quarter, driven by a sharp increase in its cost of materials consumed. The company's cost of materials consumed increased 46% to INR 15.33 billion while purchases of stock-in-trade decreased 61% to INR 573.36 million. Its employee benefit expenses rose over 13% to INR 891.92 million and other expenses rose 47% to INR 570.13 million. 

 

The company's total income increased 34% on year to INR 20.42 billion even as other income fell 56% on year to INR 80.30 million. Its gross contribution margin declined to 14.5% from 15.9% due to elevated commodity prices. The increase in raw material cost has been partially passed through to customers, the company said. "Since product pricing in the industry is typically structured on a per-unit rupee margin basis, rising input costs mechanically lower the margin percentage even as per-unit economics stay stable," the company said.

 

Meanwhile, its wholly-owned subsidiary, PG Technoplast Ltd., reported INR 16.29 billion in revenue and its order book remains healthy across categories, PG Electroplast said in an investor presentaion. 

 

PG Electroplast's product business contributed 80% of total revenue in the June quarter, growing 41% on year. Its revenue from air conditioner business grew 38% to INR 14 billion while the same from washing machines rose over 67% to INR 2.11 billion. Sales from the coolers segment increased 3.5% to INR 189 million.

 

The company's electronics business rose 65% on year and contributed over 5% to the total revenue and its plastic moulding and components division comprised INR 2.95 billion and grew 7.5% on year. 

 

PG Electroplast expects its product business to continue driving the company's growth and said its focus on controlling its expenses is "bearing fruit."

 

The company reported its earnings for the June quarter after market hours. Thursday, its shares ended over 1% higher at INR 609.75 apiece on the National Stock Exchange.  End

 

Edited by Akul Nishant Akhoury

 

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