PG Electroplast gained 3.9% after‑hours trading as Q2 results outpaced analyst forecasts—revenue and earnings punched well ahead of the market’s expectations.
Revenue grew 43% YoY to ₹933.88 crore, eclipsing the 30% increase analysts had anticipated. The jump in topline reflects a stronger sales mix amid higher demand for its polymer products.
EBIT surged 55% YoY to ₹69.1 crore, and operating margin expanded to 7.4% from 6.8%, beating the 5.6% margin forecast. However, gross margin slipped 370 basis points to 17.8% as commodity price pressures lingered.
Balance‑sheet pressure mounted: trade payables climbed 57% to ₹1,226 crore, pushing payable days from 50.48 to 71.69. Gross debt rose to ₹713.67 crore, while cash reserves fell to ₹422 crore. Return on capital employed slid to 12.4% from 20.8%, and ROE fell to 7.2% from 12.6%.
Looking ahead, the company said product development and backward integration will drive growth. New launches are slated for upcoming quarters, with R&D and capability enhancement flagged as strategic priorities.