PG Electroplast shares recover from opening lows, turn positive after maintaining FY26 guidance

Shares of PG Electroplast Ltd. fell over 3.5% on Friday, November 14, as the stock will be reacting to its September quarter results that were reported after market hours on Thursday.

The company's revenue at ₹655 crore was in-line with the CNBC-TV18 poll expectation of ₹625 crore.

Net profit for the period fell 88% from last year to ₹2.4 crore, which was lower than expectations of ₹6.5 crore. The company managed to stay in the green due to an other income of ₹14.5 crore, which is 2.5x higher than the same quarter last year.

Earnings, Tax, Depreciation and Amortisation (EBITDA) dropped by 47%, margins also narrowed, and both were below expectations. The only positive, if any, could be a 560 basis points expansion in the company's gross margins.

PG Electroplast has maintained its guidance for the full year across parameters. It continues to expect revenue growth between 17% to 19%, profit growth between 3% to 7% and capex to range between ₹700 crore to ₹750 crore.

The management added that the near-term growth momentum may moderate but the medium to long-term outlook remains positive. It also said that the order book remains healthy across products but demand trends are being closely monitored.

Shares of PG Electroplast are trading 3.5% lower in opening trade on Friday at ₹540.