PG Electroplast reports record growth, strategic expansions, and sustainability drive

PG Electroplast Limited (PGEL) reported robust financial performance for FY 2024-25, with operating revenue surging by 77.3% to ₹4,870 Cr and net profit more than doubling to ₹290.9 Cr. This growth was primarily fueled by its Product Business, which contributed 72.4% of total revenue, notably from room air conditioners (+128.5%), air coolers (+80%), and washing machines (+43%). The company also strengthened its financial foundation by raising ₹1,500 Cr through a Qualified Institutional Placement and expanded manufacturing capabilities with two new greenfield facilities and a second room AC plant in Bhiwadi.

Key strategic focuses include continued investment in R&D, backward integration, and process standardization, alongside a commitment to sustainable practices. PGEL implemented various environmental, social, and governance (ESG) initiatives, such as solar installations to reduce its carbon footprint by 25% and an Enterprise Risk Management framework.

The 23rd Annual General Meeting is scheduled for Monday, September 29, 2025, at 12:30 PM, via Video Conferencing/Other Audio Visual Means. Key items for shareholder approval include the adoption of financial statements, declaration of a dividend of ₹0.25 per equity share, and re-appointment of directors and secretarial auditors.