Q1FY23 Quarterly Result Announced for PG Electroplast Ltd.
Consumer Electronics firm PG Electroplast announced Q1FY23 Result : Net Sales for the quarter were INR 5352 million – a growth of 289.3% YoY. Quarterly EBITDA stood at INR 376.4 million versus INR 96.5 million in 1QFY2022 – a growth of 289.9%. Quarterly Net Profits stood at INR 164.0 million versus INR 6.0 million in 1QFY2022. Working capital normalized during the quarter and stood at 38 days. The Net Debt at the end of the quarter stood at INR 2913.9 million versus INR 1689.3 million in 1QFY2022 “With the highest ever sales in 1QFY2023, PG achieved another landmark by crossing INR 500 crores quarterly sales. Robust growth in both Room AC and Washing machines businesses, along with a strong orderbook has put PG on a firm footing for the coming times. The management is confident that the company is all set to achieve higher targets and scale new records of growth in FY2023 We continue to invest in increasing Capacities and enhancing Capabilities. The new expansion in Washing Machines, Room AC and Air Cooler businesses will further strengthen PGEL’s positioning as reliable and capable ODM partners. With acquisition of business from new customers and other marquee brands across product categories, the growth prospects of the company are becoming quite promising and more sustainable.” -Mr. Anurag Gupta, Chairman Result PDF12-08-2022