PG Electroplast Q2 Profit Surges Fivefold Amid Robust Revenue Growth
Key Facts
PG Electroplast reported a net profit of Rs 13.67 crore for the quarter ended September, representing a nearly fivefold increase from the previous year. NDTV Profit reported that EBITDA for the period climbed 54.8% to reach Rs 69.14 crore. Revenue grew by 42.5% year-on-year to Rs 933.88 crore, driven by robust performance across all business segments.
The company attributed its strong financial results to significant growth in its various business lines during the September quarter. Despite the surge in earnings, PG Electroplast noted that its gross contribution as a percentage of revenue softened compared to the previous year due to elevated commodity prices. The results highlight a period of substantial operational expansion.