Steady Growth in Q1FY24 Financial Results Reported by PG Electroplast Limited

Mumbai, August, 2023: PG Electroplast Ltd. (PGEL), one of the pioneers and leaders in the Electronic Manufacturing Services and Plastic Molding, announced its results for the quarter ended June 30th, 2023, as approved by its Board of Directors.

Key Financial Highlights:

Quarter ended June 30th, 2023

Other Highlights:

1QFY2024 was strong quarter for PG Electroplast despite all the weather related challenges for the AC Business:

“PG’s Product business is gaining scale and is now the dominant contributor to the consolidated Sales. New Product innovations, and accelerating investment in newer platforms for differentiated offerings is boosting growth outlook across product segments. With 2 new facilities, one for RAC and one for TV, along with expansion of the Supa facility, the company will be increasing its capacities significantly. With new partnerships, our positioning in Consumer Electronics and Consumer Durables is further strengthening.

Focus on capital efficiency has started bearing fruits for the company. On a Trailing 12month basis, the Company has crossed 22% RoCE and 24% RoE, and the Management remains confident and committed to delivering industry leading growth with best in class return ratios in the coming years.” said Mr. Vishal Gupta, M.D. Finance.

Future Outlook:

Management sees increased opportunities in the existing and new clients and based on the current business environment. With new capacities and capabilities, company is uniquely positioned in the consumer durables & plastics space in India. In coming years, company aspires:

Specific guidance for FY2024