PG Electroplast Ltd. Posts Robust Quarterly Results, Confident on Industry-Leading Growth

Kolkata, February 28, 2025 - PG Electroplast Ltd., a leading Electronics Manufacturing Services (EMS) provider and plastic molding company, announced its results for the quarter ended December 31 st, 2024, following approval by its Board of Directors. The company reported impressive growth in revenue, EBITDA, and net profit, further solidifying its position as a preferred partner for room AC and washing machine solutions in India.

The Product business continued to demonstrate impeccable execution, propelling the company forward with remarkable momentum. Growth leadership in focus areas of Room Air Conditioners (RACs) and washing machines remains strong, with the company investing in new capabilities to enhance its strategic edge. The Capability and Capacity matrix is expected to reach new highs due to ongoing innovations, new product developments, and the commissioning of additional capacity across various product categories.

Key Financial Highlights:

• Operating Revenues grew 81.9% YoY at INR 967.69 crores.
• Quarterly EBITDA stood at INR 92.37 crores, growing 96.5% YoY.
• Quarterly Net profit was INR 40.14 crores, increasing 108.7% YoY from the same period last year.

For the nine-month period ended December 31 st, FY2025, the company's net sales grew 77.2% YoY at INR 2959.67 crores. EBITDA increased to INR 287.44 crores, with net profits standing at INR 144.53 crores.

Other Highlights:

• PG Technoplast, PG Electroplast's 100% subsidiary, clocked INR 620 crores in revenue during the quarter.
• The company maintained good momentum in RAC markets, posting industry-leading growth of 179.5%.
• The Washing Machine business also achieved industry-leading growth at 64.5%.

Future Outlook:

Management is confident about the current business environment and sees opportunities for growth with existing and new clients. With enhanced capacities and capabilities, PG Electroplast aims to achieve:

• Industry-leading revenue growth.
• Gradual improvement in margins through operational efficiencies and operating leverage.
• Best-in-class capital efficiency, resulting from improved cash flows and balance sheet optimization.

Specific guidance has been revised upwards for FY2025, with revenues projected at INR 4650 crores (65.7% growth over FY2024) and net profit guided at INR 280 crores (104.5% growth).