PG Electroplast block deal: Shares in focus amid reports promoter may sell shares worth ₹1,177 crore

According to a report by NDTV Profit, the promoter group will offer 1.59 crore shares, representing a 5.6% stake, via a block deal.

The floor price for the PG Electroplast block deal is set at ₹740 per share, a 4% discount to Monday's closing. The sellers include Anurag Gupta, Vishal Gupta, Vikas Gupta, Pranav Gupta, Aditya Gupta, Raghav Gupta, Vatsal Gupta, Vrinda Gupta and Shraddha Gupta, the report added.

Further, the report said that after the sale, there will be a 180-day lock-up for the promoter group's balance shares.

As per the March 2025 quarter shareholding update, the promoter and the promoter group hold a 49.37% stake in the company, BSE data showed.

PG Electroplast Limited makes electrical goods in India. The company mainly produces OEM (original equipment manufacturer) units for consumer electronics. The company assembles a wide range of components, making products like washing machines, air conditioning parts, mobile phones, and LED lighting for other businesses.

Besides, the company offers services throughout the product lifecycle, from idea and design to prototyping, licensing, and product rollout.

They serve over 45 Indian brands and foreign companies in various sectors, including consumer goods, electronics, and automotive.

PG Electroplast Q4 Results

PG Electroplast Ltd (PGEL), a contract manufacturer of consumer electronics and home appliances, reported a two-fold jump in consolidated net profit to ₹146.38 crore in the March quarter of FY25 (Q4 FY25), led by strategic expansion in products, capacity and increase in operational efficiencies.

It had posted a consolidated net profit of ₹71.58 crore in the January-March quarter a year ago, according to a regulatory filing by PG Electroplast Ltd (PGEL) on Monday.

PGEL's revenue from operations was up 77.4% to ₹1,909.85 crore in the March quarter. It was ₹1,076.57 crore in the corresponding quarter a year before.

Total expenses of PGEL were ₹1,749.79 crore in the March quarter, up 76.84%.

Its total revenue was up 78.68% to ₹1,929.72 crore in the March quarter.