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Latest news about PG Electroplast

PG Electroplast Secures Rs 76.6 Crore for Expansion, Aims to Triple AC Production Sep 05, 2025

PG Electroplast, an electronics manufacturing services provider, has approved raising Rs 76.60 crore through preferential allotment of equity shares and convertible debentures. The company plans to invest Rs 100 crore to expand its AC plant in Pune and establish a new plant in Greater Noida for air coolers, mobile phone parts, and plastic components. This expansion aims to triple AC production capacity and meet PLI scheme criteria. Notable investors include Baring Private Equity India AIF, Ananta Capital, and the Patni family office. PG Electroplast currently operates six manufacturing units serving major clients like LG Electronics and Whirlpool, with FY2020 operating revenues of Rs 642 crore, showing 25.4% year-over-year growth.

PG Electroplast Subsidiary Inks ₹1000 Crore MoU with Maharashtra Government Sep 01, 2025

PG Electroplast's Subsidiary to Invest ₹1000 Crore in Maharashtra Mega Project Aug 30, 2025

PG Technoplast Appoints Manufacturing Veteran Girish Chander as CEO Aug 28, 2025

PG Electroplast and PAX India Forge Strategic Manufacturing Partnership for POS Devices Aug 20, 2025

More news about PG Electroplast

20Aug 25

PG Electroplast Exits F&O Ban, Stock Rallies Amid Market Expectations

PG Electroplast shares exited the F&O ban list on August 18, after being restricted since August 12. The stock gained 5% during the ban period and rallied 8% on the day of exit. This aligns with a broader uptrend in consumer durable stocks, driven by expectations of potential GST rate reductions before Diwali. The company recently faced challenges, with a 30% stock decline earlier in August following reduced full-year guidance. However, management reassured stakeholders about long-term prospects and inventory normalization. The stock closed at ₹543.90, up 2.90%, marking its third consecutive day of gains.

18Aug 25

PG Electroplast Surges 14% on Potential GST Rate Cut for Consumer Durables

PG Electroplast's shares jumped 13.71% to Rs 556.80 following Prime Minister Modi's hint at GST reforms. The potential changes could simplify tax structure and reduce rates on high-tax items like air conditioners and large TVs. The stock later traded 12.08% higher at Rs 548.80 with 4.3 times the average trading volume. Analysts maintain positive outlook with 7 out of 11 recommending 'buy'. Other companies like Voltas, Blue Star, and Amber Enterprises may also benefit. A GST rate reduction to 18% for air conditioners could increase demand and improve profit margins for the sector.

14Aug 25

PG Electroplast Shares Plummet to One-Year Low Amid Profit Decline and Lowered Guidance

PG Electroplast reported a 20% drop in quarterly net profit to Rs 67.00 crore, despite a 14% revenue increase to Rs 1,504.00 crore. The company lowered its FY2026 revenue guidance to Rs 5,700.00-5,800.00 crore, projecting 17-18% growth instead of 30%. The stock has fallen 40% in August and 50.45% year-to-date. Factors impacting performance include reduced order inflow, increased working capital needs, cash flow issues, early monsoons affecting AC sales, and supply cost pressures. Despite challenges, 7 out of 11 analysts maintain a 'Buy' rating.

11Aug 25

PG Electroplast Cuts FY26 Guidance Amid Early Monsoon Disruption

PG Electroplast reported mixed Q1 FY26 results with 14% revenue growth but decreased net profit. The company revised its FY26 guidance downward due to an early monsoon disrupting the AC season. Standalone revenue is now expected at Rs. 5,700-5,800 crores, with net profit projected at Rs. 300-310 crores. Consolidated revenues, including joint venture, are estimated at Rs. 6,550-6,650 crores. The company faces inventory challenges but remains committed to long-term growth strategies, including capacity expansions and new market entries.

11Aug 25

PG Electroplast Shares Enter F&O Ban After 36% Decline, Maintains Profit Guidance

PG Electroplast, an electronics manufacturing company, has experienced significant stock volatility with shares falling 36% over four trading sessions and entering F&O ban. Despite challenges including weak summer sales and margin pressures, the company maintains its net profit guidance of ₹310.00 crore for FY2026. The stock has declined 50% year-to-date, with promoter shareholding decreasing to 43.72%. Management expects inventory normalization by October-November and is considering increasing promoter stake when regulatory restrictions end.

08Aug 25

PG Electroplast Reports 13.9% Revenue Growth Despite Challenging Quarter, Maintains Strong FY26 Guidance

PG Electroplast, an Indian Electronic Manufacturing Services and Plastic Molding company, reported a 13.9% year-on-year increase in consolidated revenue to Rs 1,503.85 crore for the quarter. However, net profit declined to Rs 66.71 crore from Rs 84.93 crore last year. The company's Room Air Conditioner business grew by 15.1%, while the Washing Machines segment saw 36.1% growth. Early monsoons impacted seasonal AC sales, but the company maintains positive long-term outlook. PG Electroplast provided FY26 guidance, projecting revenues of Rs 5,700-5,800 crore and net profit of Rs 300-310 crore. The company plans significant capex of Rs 700-750 crore for expansion projects.

08Aug 25

PG Electroplast Shares Plunge 15% on Reduced Revenue Growth Guidance; Management Acknowledges Unpreparedness

PG Electroplast has significantly reduced its revenue growth guidance and reported mixed Q1 results. The company now expects consolidated sales of ₹5,700-5,800 crore (17-19% growth) and net profit of ₹300-310 crore (3-7% growth). Q1 saw net profit fall 21.50% to ₹66.70 crore, while revenue grew 14% to ₹1,503.80 crore. EBITDA margins declined to 8% from 9.90%. The company's shares fell 10% following the announcement. Management admitted being unprepared for sudden market changes and is now focusing on profitability. Despite challenges, PG Electroplast plans ₹700-750 crore in capital expenditure for expansion projects.

28May 25

PG Electroplast Shares Surge as Singapore Government and Motilal Oswal AMC Acquire Stakes

PG Electroplast, a leading EMS provider, experienced significant shareholding changes in a recent block deal. The Government of Singapore acquired a 1.34% stake, while Motilal Oswal AMC purchased 0.56%. Three promoters sold a combined 5.3% stake at an average price of ₹754.80 per share. This shift in ownership structure, with institutional investors stepping in as promoters reduce holdings, could signal confidence in the company's prospects and the Indian electronics manufacturing sector.

27May 25

Singapore Government and Motilal Oswal AMC Acquire Stakes in PG Electroplast

PG Electroplast, a leading EMS company, underwent a significant shareholding change through a block deal. The Gupta family, company promoters, sold 5.3% of their stake for approximately Rs 1,133.00 crore. The Government of Singapore acquired a 1.35% stake, while Motilal Oswal AMC purchased 0.56%. The transaction occurred at around Rs 754.80 per share, potentially signaling increased international interest in India's electronics manufacturing sector and confidence in PG Electroplast's future prospects.

27May 25

PG Electroplast Promoters to Offload 5.62% Stake in ₹1,177 Crore Block Deal

PG Electroplast Ltd.'s promoters are set to sell a 5.62% stake (1.59 crore shares) through a block deal on May 27, 2025. The floor price is set at ₹740.00 per share, valuing the deal at ₹1,177.00 crore. JM Financial will manage the transaction. The sale aims to improve stock liquidity and attract institutional investors. Post-sale, the remaining promoter stake will be locked in for 180 days.

27May 25

PG Electroplast Sees Massive Block Trade Worth ₹566.10 Crore on BSE

A significant block trade of approximately 7,500,000 PG Electroplast shares occurred on the Bombay Stock Exchange. The shares were traded at an average price of ₹754.80, totaling ₹566.10 crore. The transaction was executed in multiple blocks, potentially indicating institutional investor activity or a major shift in holdings. This large-scale trade in the electronic manufacturing services company may signal investor confidence and could impact future trading sessions.

26May 25

PG Electroplast Promoters to Offload 5.6% Stake in Block Deal

PG Electroplast's promoters, the Gupta family, plan to sell 1.59 crore shares (5.6% equity) in a block deal scheduled for Tuesday. The floor price is set at Rs 740 per share, a 4% discount to Monday's closing price, valuing the deal at approximately Rs 1,177 crore. Post-transaction, the Gupta family's stake will reduce from 49.37% to about 43.77%. A 180-day lock-up period will apply to the promoters' remaining shares. This move is expected to increase free float and potentially attract institutional investors, though it may cause short-term price pressure.

26May 25

PG Electro Promoters Set to Offload 5.62% Stake in Block Deal

PG Electro's promoters plan to sell 1.59 crore shares (5.62% stake) through block deals. The floor price is set at ₹740.00 per share, a 4% discount to the current market price. The total transaction value is estimated at ₹1,176.60 crores. JM Financial will facilitate the deal as the appointed broker. This move could increase free float, diversify ownership, and impact market sentiment.

14May 25

PG Electroplast Achieves Remarkable 77% Revenue Growth in Q4, Driven by Strong Demand

PG Electroplast, a leader in electronics manufacturing services, reported a 77% year-on-year increase in Q4 revenues, reaching Rs 19 billion. The growth was driven by strong demand in room air conditioners and washing machines. For FY2025, consolidated revenues grew 77.30% to Rs 48.70 billion, despite declining average selling prices. The company's performance indicates robust market demand and effective volume growth strategies.

13May 25

PG Electroplast Reports Strong Q4 FY25 Results, Reaffirms Growth Targets for FY26

PG Electroplast reported strong Q4 FY25 results with net profit doubling to Rs 146.38 crore and revenue increasing by 77.4% to Rs 1,909.85 crore. For FY25, net profit doubled to Rs 290.92 crore with total income of Rs 4,904.63 crore. The company projects FY26 consolidated sales of Rs 6,345.00 crore, a 29.37% growth, and targets a net profit of Rs 405.00 crore, representing a 39.21% increase from FY25.

12May 25

PG Electroplast Forecasts Robust 30.3% Revenue Growth for FY'26

PG Electroplast, a leading electronics manufacturer, has announced a projected revenue growth of 30.3% for fiscal year 2026. The company expects its total product and electronic revenue to increase from ₹4,869.00 crore in FY'25 to ₹6,345.00 crore in FY'26. This ambitious forecast suggests strong confidence in the company's future performance and potentially positive trends in the broader Indian electronics manufacturing sector.

12May 25

PG Electroplast Reports Impressive Q4 Financial Performance with Substantial Growth

PG Electroplast, a leader in electronics manufacturing services, announced impressive Q4 financial results. Revenue surged 76.42% year-over-year to ₹19.00 billion. EBITDA increased by 82.8% to ₹2.12 billion, with a slight margin improvement to 11.09%. The company's net profit more than doubled, growing 101.14% to ₹1.40 billion, showcasing strong operational efficiency and market demand for its products and services.

12Mar 25

PG Electroplast Undergoes GST Inspection, Operations Unaffected

PG Electroplast Limited and its subsidiary, PG Technoplast Private Limited, are undergoing a GST inspection by Maharashtra authorities. The inspection, which began on March 11, 2025, is taking place at their Supa, Ahilyanagar facilities. The company reports full cooperation with officials and states that normal operations continue uninterrupted. No financial implications have been reported by the GST authorities thus far.