Pearl Global have given decent results from last few quarters. This quarter result is more significant as it comes in background of not so good results from other companies in this sector. The results of PDS Ltd, Gokaldas Exports, KPR Mills have all showing profit degrowth, but PGIL have given stellar results with confidence of growing topline and bottomline in coming quarters.
The acquisition of company in Guatemala will give PGIL easy and fast access to the North American Market
The most significant part of the result is increase of per unit price. The increase in realisations per unit means the company is moving upwards of value chain
PGIL have consistently shown improved performance in CAGR sales growth, profit growth and most importantly stock price. There return on equity have also improved
Hope experts will guide more with pros and cons of the company.
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