This smallcap multibagger stock rallies 16% on stellar Q1 earnings
PG Electroplast zoomed 16% to its new all-time high of Rs 464.85 on BSE today after the company on Wednesday reported that its consolidated net profit rose 151.2% to Rs 84.93 crore for the June quarter.
The same stood at Rs 33.81 crores in Q1FY24.
The operating revenues for the quarter was Rs 1,320.68 crore, a growth of 94.9% YoY while the EBITDA stood at Rs 134.52 crore versus Rs 67.10 crore in Q1FY24.
The company’s product business contributed 75% of the total revenues in the quarter, which grew 124% YoY. Capital efficiency of business improved, and the company’s RoCE was 28% and RoE was 24% and the net fixed asset turns for the company stood at 4.97x.
Also read: RBL Bank shares tumble 4% after 7.9% stake sale via block deal
“The company is gearing up for new opportunities by increasing its capacities and expanding its physical infrastructure. The Company’s focus on capital efficiency is paying off, with a Trailing 12- month Return on Capital Employed (RoCE) of 28% and a Return on Equity (RoE) of 24%. Management is confident and committed to delivering industry-leading growth and Best-in-class return ratios in the coming years,” said Vikas Gupta, M.D, Operations at PG Electroplast.
Management sees increased opportunities in the existing and new clients based on the current business environment and with new capacities and capabilities, the company is uniquely positioned in the consumer durables and plastics space in India, said PG Electroplast in a filing to the exchanges.
PG Electroplast shares have been
