{"id":44165,"date":"2024-11-14T11:01:05","date_gmt":"2024-11-14T05:31:05","guid":{"rendered":"https:\/\/prevalentindia.in\/index.php\/2024\/11\/14\/pigls-consolidated-q2-fy25-net-profit-grew-by-a-splendid-180-percent\/"},"modified":"2024-11-14T11:01:05","modified_gmt":"2024-11-14T05:31:05","slug":"pigls-consolidated-q2-fy25-net-profit-grew-by-a-splendid-180-percent","status":"publish","type":"post","link":"https:\/\/prevalentindia.in\/index.php\/2024\/11\/14\/pigls-consolidated-q2-fy25-net-profit-grew-by-a-splendid-180-percent\/","title":{"rendered":"PIGL\u2019s Consolidated Q2 FY25 Net Profit Grew By A Splendid 180 Percent"},"content":{"rendered":"
\n
\n

Mumbai (Maharashtra) [India], November 13: Power & Instrumentation (Gujarat) Limited (NSE \u2013 PIGL, BSE \u2013 543912), <\/strong>One of the leading players in the electrical contracting and equipment industry, has announced its Unaudited Q2 & H1 FY25 Financial results.<\/p>\n

Key Consolidated Financial Highlights:<\/strong><\/p>\n

Q2 FY25<\/u><\/strong><\/p>\n

Total Income of \u20b9 55.75 Cr, YoY growth of 127.34%<\/p>\n

EBITDA of \u20b9 6.04 Cr, YoY growth of 108.86%<\/p>\n

EBITDA Margin of 10.84%<\/p>\n

Net Profit of \u20b9 3.89 Cr, YoY growth of 180.11%<\/p>\n

Net Profit Margin of 6.98%, YoY growth of 130 Bps<\/p>\n

EPS of \u20b9 2.69, YoY growth of 146.79%<\/p>\n

H1 FY25<\/u><\/strong><\/p>\n

Total Income of \u20b9 81.74 Cr, YoY growth of 75.34%<\/p>\n

EBITDA of \u20b9 9.69 Cr, YoY growth of 73.45%<\/p>\n

EBITDA Margin of 11.86%<\/p>\n

Net Profit of \u20b9 5.76 Cr, YoY growth of 140.72%<\/p>\n

Net Profit Margin of 7.04%, YoY growth of 191 Bps<\/p>\n

EPS of \u20b9 3.99, YoY growth of 110.00%<\/p>\n

<\/a>Commenting on the financial performance, Mr. Padmaraj Padmnabhan Pillai, Managing Director<\/strong>,\u00a0Power & Instrumentation (Gujarat) Limited<\/strong>\u00a0said,<\/strong>\u00a0\u201cA power play performance for Q2 FY25 with 127% topline growth and 180% bottomline growth are key indicators that we are strongly marching on a growth path paving way for strong growth in times to come.<\/p>\n

Our achievements in H1 FY25 clearly reflects the growing demand for our EPC expertise in India\u2019s expanding power sector. Our strong results are a testament to our strategic contract execution, efficient fund utilization, and rapid progress on key projects. The contract under the RDSS scheme in Rajasthan, in particular, has been fast-tracked, allowing us to expedite work and significantly enhance operational efficiency. Securing substantial contracts for critical airport electrification projects further underscores our commitment to supporting national infrastructure growth.<\/p>\n

We are also strengthening our focus on Solar EPC, aligning with India\u2019s renewable energy initiatives. Additionally, our recent acquisition broadens our product offerings, allowing us to deliver a more comprehensive suite of solutions to our clients. We remain focused on leveraging these opportunities to drive sustained growth and continue providing high-value services to our stakeholders.\u201d<\/p>\n

Key Operational Highlights<\/strong><\/p>\n\n\n\n\n\n\n
Secured Major Airport Substation Contract<\/strong><\/td>\n\n
    \n
  • Contract Awarded by:<\/strong>\u00a0Ahmedabad International Airport Ltd., Adani Group,<\/li>\n
  • Purpose of contract:<\/strong>\u00a0The development of a substation at Sardar Vallabhbhai Patel International Airport, Ahmedabad.<\/li>\n
  • Contract Valuation:<\/strong>\u00a0The contract is valued at\u00a0\u20b9\u00a020.93 Cr<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Acquisition of Controlling Stake In Peaton Electrical Company Limited<\/strong><\/td>\n\n
    \n
  • Company Name:\u00a0<\/strong>Peaton Electrical Company Limited.<\/li>\n
  • PIGL currently holds a 15.23% stake in PECL and plans to increase its shareholding to up to 60%<\/li>\n
  • Time Period:\u00a0<\/strong>Acquisition of shares is expected to be completed within 18 months.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Received Contract From\u00a0<\/strong>Jharkhand Bijli Vitran Nigam Limited<\/strong><\/td>\n\u00b7\u00a0 \u00a0 \u00a0 \u00a0Contract Value:\u00a0<\/strong><\/p>\n
    \n
  • Contract Part I<\/strong>:\u00a0\u20b9 22.92 Cr<\/li>\n
  • Contract Part II<\/strong>:\u00a0\u20b9 5.49 Cr<\/li>\n
  • Scope of Work:\u00a0<\/strong>Supply of Plant Contract (Part I) and Installation Services Contract (Part II) for electrification of un-electrified\/partially electrified habitations in Sahibganj District under Mukhyamantri Ujjawal Jharkhand Yojana<\/li>\n
  • Execution Timeline:\u00a0<\/strong>Completion is expected within 18 months from the date of issue.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
The company Got Appointed As Specialized Agency by Airports Authority of India<\/strong><\/td>\n\n
    \n
  • Scope of Work<\/strong><\/li>\n
  • Design and implement the entire power supply system.<\/li>\n
  • It includes power distribution and electrical substations.<\/li>\n
  • Install energy management systems.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    Mumbai (Maharashtra) [India], November 13: Power & Instrumentation (Gujarat) Limited (NSE \u2013 PIGL, BSE \u2013 543912), One of<\/p>\n","protected":false},"author":1,"featured_media":44166,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[575],"class_list":["post-44165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts\/44165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/comments?post=44165"}],"version-history":[{"count":0,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts\/44165\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/media\/44166"}],"wp:attachment":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/media?parent=44165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/categories?post=44165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/tags?post=44165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}