- PG Electroplast's Q1 net profit fell 20% to Rs 67 crore from Rs 83.7 crore year ago
- Company revenue rose 14% to Rs 1,504 crore compared to Rs 1,321 crore in prior year
- EBITDA declined 7.2% to Rs 121 crore, with margin contracting to 8.1% from 9.9%
Shares of PG Electroplast plunged over 14% in trade so far after the company posted a 20% decline in the net profit for the first quarter.
The revenue of the company was up 14% to Rs 1,504 crore, compared to the Rs 1,321 that was clocked in the year-ago period. The net profit saw a decline of 20%, standing at Rs 67 crore against Rs 83.7 crore in the previous year.
The Ebitda was also down 7.2% at Rs 121 crore, falling from the Rs 131 crore that the company posted in the previous year. The Ebitda margin also saw a contraction, standing at 8.1% this year compared to 9.9% in the previous year.
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PG Electroplast Share Price
PG Electroplast stock fell nearly 15% during trade so far to Rs 500 apiece on the NSE. It was trading 12.9% lower at Rs 512.6 apiece, compared to a 0.15% advance in the benchmark Nifty 50 as of 9:55 a.m.
It has risen 17.76% in the last 12 months and declined 48.31% on a year-to-date basis. The relative strength index was at 19.5.
Seven out of the 11 analysts tracking the company have a 'buy' rating on the stock, three recommend a 'hold', and one suggests a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 821.1, implying an upside of 64.1%.
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