PG Electroplast Ltd (PGEL), a leading manufacturer of consumer electronics and home appliances, reported a significant rise in its consolidated net profit, which doubled to Rs 146.38 crore in the March quarter of FY’25. This impressive growth was driven by strategic product expansions, enhanced production capacity, and improved operational efficiencies.
In the same quarter of the previous year, PGEL posted a consolidated net profit of Rs 71.58 crore, as per the company’s regulatory filing on Monday. The company’s revenue from operations surged by 77.4% to Rs 1,909.85 crore in the March quarter, compared to Rs 1,076.57 crore in the same period last year.
Total expenses for the quarter increased by 76.84% to Rs 1,749.79 crore, while total revenue rose by 78.68% to Rs 1,929.72 crore. For the full financial year ending March 31, 2025, PGEL’s net profit also doubled, reaching Rs 290.92 crore from Rs 137.01 crore in FY’24. The company’s total consolidated income for FY’25 grew by 77.73% to Rs 4,904.63 crore, supported by a 6.4% increase in volumes.
Describing FY’25 as a “landmark year,” PGEL highlighted exceptional revenue growth, particularly from its product business, which generated Rs 3,526 crore, driven by more than double the sales of room air conditioners. The washing machine segment saw a 43% increase, and sales of coolers rose by 80%. PGEL’s subsidiary, PG Technoplast, also achieved Rs 3,506 crore in operating revenue in FY’25, marking a strong performance in its fourth year.
Chairman Anurag Gupta attributed the company’s success to strategic growth, operational improvements, and a solid financial foundation. He emphasized that PGEL is leveraging its expanded capacity, strong partnerships, and innovation to reduce costs and enhance product quality.
Looking ahead to FY’26, PGEL remains optimistic, noting substantial interest and firm commitments across its business areas, suggesting continued growth. The company projects total group revenue of Rs 7,200 crore for FY’26, with consolidated sales expected to reach Rs 6,345 crore, representing a 30.3% increase over FY’25. Net profit is forecasted to grow by 39.2%, reaching Rs 405 crore. PG Electroplast is a leading Indian company specializing in electronic manufacturing services (EMS) and plastic molding solutions. Established in 2003, the company has carved a niche for itself by catering to a wide range of industries, including consumer electronics, automotive, and appliances.
PG Electroplast provides end-to-end solutions, from product design and prototyping to large-scale production, leveraging advanced manufacturing technologies such as injection molding, assembly lines, and surface mount technology (SMT) for printed circuit boards. Known for its quality and innovation, the company supports renowned brands in India and abroad, reflecting its commitment to fostering efficiency and reliability in its operations.
