- PG Electroplast Limited targeting 46% growth in group operating revenue for the next financial year.
- Company aims for a consolidated net profit of at least INR 200 crores.
- Anticipated 44% growth in the product business for the upcoming financial year.
- Focus on developing cost and product leadership for room ACs and washing machines.
- JV partnership established with Goodworth Electronics for TV and hardware business.
- Jaina Investments close to INR 6 crores invested in the TV business, potential additional INR 5-6 crores.
- Jaina provides sourcing capabilities and credit from Chinese vendors for TV kits.
- Potential update on IT hardware PLI orders post-election mentioned.
- Plastic molding margin at 7.5% and electronics at 2%, driving growth in the product business.
- Expected turnover of INR 2400 crores in the product business for the next year.
- Seasonality shifted, with RAC business starting late January and extending to late June.
- Actively engaged in discussions with clients for new products and opportunities.
- High interest in RFQ and RFP.
- Capex set at around INR 370-380 crores for infrastructure development.
- Optimistic outlook for revenue growth in ACs, washing machines, and new categories.
- ROCE target set between 15-16% pre-tax for new projects.
- No immediate plans for high-margin, low-volume businesses like aerospace.
- Aiming for a slight improvement in pre-tax ROC E of about 20%.
- Emphasis on growth and seasonality influencing the target of achieving a 25-26% ROC E by FY '26 or '27.
- Cash balance of about INR 180 crores and a gross debt of INR 360 crores reported by PG Electroplast Limited.
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