PG Electroplast – Potential for cooler returns?

In case of a JV, only the proportionate share of profit is accounted in the company’s financial statements. So, as per management’s guidance, the PGEL is targeting Rs. 3,400 Crores of revenue in FY25 (Rs. 600 Crores of Goodworth shall not be considered here). However, the management has guided for Rs 200 crores of Net profit – This will include the proportionate share of profit from the JV.
In summary, management guidance for PGEL for FY25 is 3400 Cr revenue and 200 Cr Net profit.
Hope this helps!