PG Electroplast Q3 Results: Profit, revenue rise over 50% YoY, but margin narrows

PG Electroplast Ltd reported a strong set of earnings for the third quarter, driven by sharp growth in revenue and profits, even as operating margin saw a modest year-on-year contraction.

Net profit rose 50% year-on-year to ₹60.3 crore in Q3, compared with ₹40 crore in the same quarter last year. Revenue jumped 45.9% to ₹1,412 crore from ₹967.7 crore in the year-ago period, underscoring robust demand and higher execution during the quarter.

At the operating level, EBITDA increased 37.4% year-on-year to ₹117 crore, up from ₹85 crore in Q3 last year. However, EBITDA margin narrowed to 8.3% from 8.8% a year ago, reflecting some pressure on profitability despite strong topline growth.

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Ahead of the earnings announcement, shares of PG Electroplast Ltd closed 4.07% higher on the NSE at ₹563.55, gaining ₹22.05.