PG Electroplast’s share price has been in the spotlight, rising sharply on the back of several strategic milestones that are expected to drive future growth and profitability.
- Strategic Partnership with Whirlpool
On December 24, PG Electroplast announced a significant collaboration with Whirlpool of India. The partnership will see PG Electroplast manufacture select models of Whirlpool-branded semi-automatic washing machines. This collaboration is expected to expand PG Electroplast’s manufacturing footprint and increase its market presence in the consumer electronics sector. - Successful QIP Fundraising
Earlier this month, PG Electroplast completed a successful Qualified Institutional Placement (QIP) that raised ₹1,500 crore. The company issued 21.6 million equity shares at ₹699 per share, signaling strong investor confidence. The capital infusion will support PG Electroplast’s growth initiatives, including capacity expansion and technological advancements in manufacturing. - Entry into the Electric Vehicle Sector
PG Electroplast’s subsidiary, PG Technoplast, has ventured into the burgeoning electric vehicle (EV) market. In November 2024, the company signed an exclusive manufacturing agreement with Spiro Mobility to produce electric vehicles, lithium-ion batteries, and related components. This move positions PG Electroplast to capitalize on the rapidly growing demand for EVs in India. - Impressive Financial Performance
The company has reported a strong financial performance for the first half of the financial year 2024-25, with a 75% increase in revenue, reaching ₹1,991 crore. - This growth was driven by enhanced operational efficiencies and a higher contribution from PG Electroplast’s Original Design Manufacturer (ODM) segment. Operating margins improved to 9.8%, and the company has raised its revenue guidance to ₹4,850 crore for FY25.
The stock has gained significant attention, with shares rising more than 50% over the past month, driven by investor optimism about PG Electroplast’s future prospects.
With its expanding footprint in consumer electronics and the EV sector, PG Electroplast is well-positioned for sustained growth in the coming years.
As of now, PG Electroplast’s stock continues to perform strongly, reflecting the market’s positive outlook on its long-term business strategy.
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