PG Electroplast shares fall over 20% after company cuts revenue, profit growth guidance for current fiscal

Shares of PG Electroplast, a diversified electronic manufacturing service provider, on Friday, August 8, fell as much as 22% to hit an intraday low of ₹571 on the BSE after it reported June quarter earnings. On the National Stock Exchange, PG Electroplast shares touched an intraday low of ₹567.

The stock came under heavy selling pressure after the company sharply cut its revenue and profit growth guidance for current financial year.

The company sharply lowered its growth guidance for the current financial year. PG Electroplast expects revenue to be in range of ₹5,700–5,800 crore implying a growth of 17% to 19%, the company had earlier guided for revenue growth of 30%.

The company has also lowered its profit growth guidance to ₹ 300–310 crore, marking a growth of 3%–7% against its earlier guidance of 39%.

Product business (washing machines, room ACs, coolers) is expected to grow at 17%–21%, against its earlier guidance of 35%.

PG Electroplast reported a consolidated net profit of ₹67 crore in the first quarter of current financial year (Q1FY26), marking decline of 20% from ₹84 crore in the same period last year.

The company's revenue, however, rose 14% to ₹1,504 crore in April-June period from ₹1,321 crore in the year-ago period.

PG Electroplast reported weak operational performance as its operating profit also known as earnings before interest, taxes, depreciation and amortisation (EBITDA) declined 7% annually to ₹122 crore and its operating profit margin contracted by 180 basis points to 8.10%.

"The product business contributed 77.1% of overall revenues, growing 16.7% YoY. within this, room ACs grew 15.1% YoY, washing machines grew 36.1% YoY, and coolers declined marginally by 3.9% YoY," PG Electroplast said

As of 3:25 pm, PG Electroplast shares traded 222% lower at ₹571.15 following earnings announcement.