PG Electroplast in the second quarter posted Rs. 671.30 crore in operating income, representing a year-on-year growth of 45.8%.
The electronics supplier posted a PAT margin of 3.1% in the July-September quarter as against 2.7% in the previous corresponding period. The electronics supplier said its operating margin improved year-on-year due to cost containment and operating leverage.
PG Electroplast said its capital expenditure for FY25 is Rs. 370-380 crore range and the company plans to invest in two new green field facilities in North India and further expand Supa facilities.
The electronic manufacturing services supplier said it expects EBITDA margins to expand marginally in FY25. PG Electroplast has invested Rs. 60.54 crore posted quarterly EBITDA, up from Rs. 40.86 crores is 48.2% higher than Rs.
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PG Electroplast said it expects around 78% growth in its manufacturing business in FY25, from Rs. 2,975 crore as compared to 1,668 crore.
The electronics supplier revised its net profit estimate to Rs. 250 crore, which in FY24 was Rs. 137.0 crore representing an increase of 82.5% over the net profit. The company revised its revenue guidance to Rs. 4,250 crore, representing a growth of 54.7% over FY2024 consolidated revenue.
The company said it expects its Goodworth Electronics segment in FY25 to generate Rs. 600 crore in revenue forecast, taking the group’s revenue estimate in FY25 to Rs. 4,850 crores.
After the earnings report, the company’s stock fell 5.76% to Rs. 649.95.
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