PG Electroplast beats forecasts on revenue and EBITDA, but debt and payables rise

what happened

Shares of PG Electroplast Ltd. are set to react to September quarter results that came in better than analysts expected, according to TradingView. The figures were released after the market closed on Tuesday. Revenue rose 43% year on year to ₹933.88 crore, against an expected 30% increase. EBITDA grew 55% to ₹69.1 crore, above the ₹48 crore forecast, and EBITDA margin widened to 7.4% from 6.8%. Gross margin, however, fell 370 basis points to 17.8% as higher commodity prices weighed on costs.

Trade payables jumped 57% to ₹1,226 crore, and average payable days increased from 50.48 to 71.69. Gross debt rose to ₹713.67 crore from ₹483.53 crore, while cash and bank balances fell to ₹422 crore from ₹630 crore. Trailing 12-month return on capital employed dropped to 12.4% from 20.8%, and return on equity fell to 7.2% from 12.6%. The company says its product business will drive future growth, with new launches expected in coming quarters. The stock closed 5.4% higher on Tuesday at ₹500.55 but is still down 13% for the year.

why it matters

The report is mixed: strong revenue and profit growth comes alongside higher debt, larger payables and lower returns. Investors will likely focus on how the company handles costlier raw materials and working capital, not just the headline top line.

market impact

PG Electroplast shares: strong revenue and EBITDA offset by rising debt and payables

• ↔PG Electroplast shares mixed — revenue and EBITDA beat forecasts, but debt and trade payables are rising

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