PG Electroplast (PGEL) shares reached an all-time high of Rs 464.85, rising 16% on the BSE in Thursday’s intraday trade in an otherwise weak market.
The share price increased when PGEL reported a solid performance, with net profit rising 151.2 percent year on year (Y-o-Y) to Rs 84.93 crore in the June quarter (Q1FY25), due to excellent operational performance. In the first quarter of FY24, the consumer electronics firm made Rs 33.81 crore in profits.
From Rs 67.1 crore in the same quarter last year to Rs 134.52 crore this quarter, earnings before interest, taxes, depreciation, and amortization (Ebitda) doubled. During the quarter, EBITDA margin increased by 30 basis points (bps) to 10.2 percent. At Rs 1,320.68 crore, operating revenues for the quarter increased 94.9% year over year.
As of 10:37 am, PG Electroplast shares were trading 7.08 % higher at Rs 429.
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