PG Electroplast Q2 Results Live Updates: Stock extends gains to 7% ahead of earnings

PG Electroplast Q2 Results Live Updates:

Consumer durables supplier PG Electroplast Ltd. will be reporting its results for the September quarter later in the day. According to estimates, the company's revenue is likely to decline by 7% from last year to ₹625 crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) is likely to fall 17% from the year-ago quarter to ₹46 crore. EBITDA margin may narrow by 90 basis points to 7.4% from 8.3% last year, while net profit may fall 66% year-on-year. Slowdown in the RAC segment will be the key contributors for the topline drop. Non-RAC products such as washing machines are expected to offset some of the decline in the RAC space. The company is also taking significant capex for its refrigeration foray and for Room AC compressors, which will also result in depreciation going up further, pressuring the bottomline further. The company's guidance for the full year will be the key. Watch this space for all the live updates.