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We will now wrap up the blog. Good night, folks!

Net Profit At ₹3 Cr Vs CNBC-TV18 Poll Of ₹6.5 Cr

Revenue At ₹655.3 Cr Vs CNBC-TV18 Poll Of ₹625 Cr

EBITDA At ₹30.3 Cr Vs CNBC-TV18 Poll Of ₹46 Cr

Margin At 4.6% Vs CNBC-TV18 Poll Of 7.4%

Net Profit down 86% At ₹3 Cr Vs ₹19.3 Cr (YoY)

Revenue down 2.3% At ₹655.3 Cr Vs ₹671 Cr (YoY)

EBITDA down 46% At ₹30.3 Cr Vs ₹56 Cr (YoY)

Margin At 4.6% Vs 8.3% (YoY)

Shares of PG Electroplast ended 6.2% higher ahead of the earnings announcement at ₹560.5. The stock has declined 4% in the last one month.

The number of small retail shareholders, or those with an authorised share capital of up to ₹2 lakh, has also increased from 33,240 in June 2024 to 2.1 lakh in June 2025.

This number has increased further to 2.45 lakh at the end of the September 2025 quarter.

PG Electroplast has been a major wealth creator over the last five years. The stock had begun the year of 2020 at ₹5 per share, which had surged to levels of ₹980, by the time 2024 came to an end. The stock made a record high of ₹1,054 on January 6 this year, from which it has now corrected back to levels of ₹600.

12 analysts have coverage on PG Electroplast ahead of its results.

Only one of them has a “sell” recommendation.

Seven of them have a “buy” rating, while four have a “hold” recommendation.

– Orderbook looks healthy, expect to clear all excess inventory by mid-November

– Hoping to have anchor customers for refrigerator biz in place in a couple of months

– Expect to start production for refrigerator biz by Q3 FY27

Shares of PG Electroplast are now trading with gains of over 7% ahead of the results announcement.

The stock has seen over 80 lakh shares change hands so far on Thursday.

The total value of the shares traded is worth ₹455.4 crore.

29% of the total traded quantity so far is marked for delivery

Shares of PG Electroplast have surged to the highs of the day, ahead of the earnings announcement.

The stock is trading 6.2% higher at ₹560.95.

Shares are still down 44% on a year-to-date basis.

– As per initial channel checks with retailers: south & west still under pressure

– Positive offshoots seen in north india, sales have picked up in last one week

– On compressor JV with China: Still awaiting local govt approvals from China

– Expecting approvals for China JV to come through by the end of this month

PG Electroplast now expects its net profit for the full year to be between ₹300 crore to ₹310 crore, which implies a growth of 3% to 7% from last year. During the March quarter, the company had guided for net profit to be ₹405 crore.

The company also expects its product business to grow between 17% to 21% to between ₹4,140 crore and ₹4,280 crore, in comparison to the earlier guidance of ₹4,770 crore.

As secondary sales have been weak in RAC in Q2 and Q3, these two quarters will be washouts for RAC manufacturer, according to analysts.

Non RAC products like Washing Machines are expected to offset some of the Room AC degrowth

– Revenue seen 7% lower at ₹625 crore from ₹671 crore last year

– EBITDA seen 17% lower at ₹46 crore from ₹56 crore last year

– EBITDA margin may narrow by 90 basis points to 7.4% from 8.3% last year

– Net profit may fall to ₹6.5 crore, down 66% from ₹19.3 crore last year

– All estimates are average estimates from analysts

In its investor presentation, PG Electroplast had cut its consolidated sales guidance to ₹5,700 crore to ₹5,800 crore, which implies a growth of 17% to 19% from financial year 2025. However, the company, in its March quarter earnings presentation had guided for revenue of ₹6,345 crore, which was a 30.3% growth from financial year 2025.

– Revenue Growth Guidance At 17-19%

– Cons Sales Guidance At ₹5,700 crore to ₹5,800 Crore

– Net Profit Growth Guidance between 3-7%, At ₹300 crore – ₹310 Crore

– Capex to range between ₹700 crore to ₹750 crore

PG Electroplast’s 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, according to analyst estimates.

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.

Shares of PG Electroplast have surged as much as 6% to ₹558 ahead of the results announcement.

The stock had taken a sharp nosedive after it reported its first quarter results.

The results of PG Electroplast will be significant simply because of the disappointing results reported by some of its peers.

Blue Star has also gone on to cut the full year revenue growth guidance to zero from 5% growth earlier.

Hello and welcome to CNBC-TV18’s Live coverage of PG Electroplast’s September quarter results.

The street will be awaiting these results after drubbing witnessed last quarter.

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