India's PG Electroplast gains on Q3 profit jump, outlook raise

PG Electroplast

07/02/2025 06:21

** PG Electroplast  PGEL.NS  rises 5.2% to 884 rupees,
highest since January 17
    ** Stock set for sixth straight session of gains
    ** Consumer electronics maker's Q3 net profit grows 108.7%
y/y, boosted by higher demand for its products, including air
conditioners; operating rev up ~82%
    ** Raises FY25 rev outlook to 45.5 bln rupees from 42.5 bln
rupees; net profit outlook to 2.8 bln rupees from 2.5 bln rupees
    ** Over 3 mln shares traded, twice the 30-day avg
    ** Stock rated "strong buy" on avg; median PT is 874 rupees
- LSEG
    ** PGEL gained more than four-fold in 2024

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))