PG Electroplast soars as Q2 PAT jumps 395% YoY
Gross contribution rose 16.9% to Rs 165.69 crore from Rs 141.80 crore. However, gross contribution margin declined to 17.8% from 21.6% a year earlier.
EBITDA increased 54.8% year on year to Rs 69.14 crore from Rs 44.68 crore. EBITDA margin improved to 7.4% from 6.8%.
Profit before interest and tax (PBIT) rose 78% to Rs 41 crore from Rs 23.03 crore. PBIT margin improved to 4.4% from 3.5%.
Profit before tax (PBT) increased 136.3% year on year to Rs 14.94 crore from Rs 6.32 crore.
Cost of raw material rose to 82.26% of operating revenue from 78.36%. Employee expenses declined to 6.54% from 8.61%, while finance costs increased to 2.79% from 2.55%. Depreciation and amortisation fell to 3.01% of operating revenue from 3.30%, and other expenses declined to 4.81% from 8.44%.
Managing director - finance Vishal Gupta said the company continued to advance its capital expenditure plans for new manufacturing facilities and backward integration. These investments aim to expand capacity, strengthen operational capabilities and improve supply-chain control.
The company said several capacity projects initiated over the past year are progressing towards commercialisation and are expected to come online through FY27. These include a refrigerator campus in Sri City, Andhra Pradesh; a room air conditioner compressor manufacturing plant in Supa, Maharashtra; and a facility for plastic components, tooling and coolers in Salarpur, Rajasthan.
PG Electroplast plans to continue investing in capabilities and capacity across existing and adjacent product segments. Management aims to achieve industry-leading revenue growth, gradually expand margins through operational efficiencies and leverage, and improve capital efficiency through stronger cash flows and balance-sheet optimisation.
PG Electroplast is an electronic manufacturing services and contract manufacturing provider serving leading consumer durable and electronics brands in India. Its capabilities include plastic injection moulding and OEM and ODM manufacturing of washing machines, room air conditioners, air coolers and LED televisions.
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