Power & Instrumentation Reports 40% Net Profit Growth in Q1
Power & Instrumentation (PIGL) reported strong Q1 results with net profit up 40.18% YoY to ₹2.62 crores. Total revenue increased by 59.81% to ₹41.55 crores, while EBITDA rose to ₹4.28 crores. The company secured two major orders: a ₹57.89 crore project for Udaipur Airport electrification and a ₹70.55 crore order from Ajmer Vidyut Vitran Nigam Limited. PIGL appointed Mr. Kasivishwanath as President of Operations and plans to increase its stake in Peaton Electricals Company Limited from 15% to 60%. The company is expanding into solar EPC and Battery Energy Storage Systems markets.
11Aug 25
Power and Instrumentation Secures ₹71 Crore Order from Ajmer Vidyut Vitran Nigam
Power & Instrumentation (Gujarat) Limited has received a ₹71 crore order from Ajmer Vidyut Vitran Nigam Limited for distribution infrastructure development. The project covers 9 circles, focusing on tribal village electrification under the DA-JGUA scheme. The 12-month project includes supply, installation, and commissioning of equipment for un-electrified households and public institutions. This order represents a significant portion of the company's ₹227 crore market capitalization.
11Jul 25
Power & Instrumentation (Gujarat) Appoints Industry Expert Kasivishwanath as New Operations President
Power & Instrumentation (Gujarat) Limited (PIGL) has appointed Mr. Kasivishwanath as its new President of Operations, effective July 11, 2025. He brings over 20 years of experience in manufacturing and EPC sectors, and will manage projects valued at over ₹1,000 crore. Mr. Kasivishwanath replaces Mr. Kuldeep M. Rathod in this role. PIGL, a leader in electrical contracting, reported a total income of ₹171.28 crore, EBITDA of ₹19.59 crore, and net profit of ₹11.75 crore for FY 2025.