PG Electroplast

May 27 (Reuters) - PG Electroplast Ltd PGEL.NS:

• PG ELECTROPLAST MARCH-QUARTER CONSOL NET PROFIT 648.6 MILLION RUPEES

• PG ELECTROPLAST MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 17.17 BILLION RUPEES

Source text: ID:nBSE8NDb1J

Further company coverage: PGEL.NS

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** Indian consumer durable stocks drop about 3.1% after Iran's attacks on several energy facilities across Middle East region

** Nifty Consumer Durables .NIFCODU set for its worst day since January 2025, if losses hold

** Electronics manufacturing service provider PG Electroplast PGEL.NS falls most, down 5.4%, followed by air conditioning manufacturer Voltas' VOLT.NS 4.3% drop

** All 15 members of the consumer durables index trade in the red

** Last week, AC makers flagged production risks amid West Asia war-driven LPG shortage

** Consumer durables index has dropped 7.8% since end-February, when the conflict began; blue-chip Nifty 50 .NSEI index has fallen 8.1% in that period

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

** Shares of electronic manufacturing services co PG Electroplast PGEL.NS tumble 10% to 547 rupees, set for second straight session of losses

** PGEL set for worst day since Aug 11, 2025

** Co says gas suppliers communicated shortage of gas under supply agreement

** Communication is due to the constraints faced by certain vessels arising from maritime navigation restrictions in light of the recent ongoing war in the Middle East - PGEL

** Co currently assessing the situation with respect to any supply curtailment that may need to be imposed on its downstream customers

** PGEL rated "buy" on avg by 9 analysts covering it; median PT at 734 rupees- data compiled by LSEG

** YTD, PGEL sheds ~5%

(Reporting by Komal Salecha in Bengaluru)

((Komal@thomsonreuters))

** Shares of Indian electronics manufacturing services (EMS) firms Dixon TechnologiesDIXO.NS, Syrma SGS SYRM.NS , Kaynes Technology India KAYN.NS rise between 4.6% to 6.5%

** U.S. President Donald Trump on Monday announced a trade deal with India, cutting tariffs on Indian goods to 18% and linking the move to India curbing Russian oil purchases

** ICICI Securities says lower U.S. tariffs could aid EMS exporters, including Dixon Technologies, Kaynes Technology and Syrma SGS, by improving export competitiveness and margins

** YTD, DIXO down 14.5%, KAYN down 13.5% and SYRM up about 5%

(Reporting by Surbhi Misra in Bengaluru)

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Feb 2 (Reuters) - PG Electroplast Ltd PGEL.NS:

• PG ELECTROPLAST DEC-QUARTER CONSOL NET PROFIT 619.6 MILLION RUPEES

• PG ELECTROPLAST DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 14.12 BILLION RUPEES

Source text: ID:nNSE9L3SMP

Further company coverage: PGEL.NS

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Jan 23 (Reuters) - PG Electroplast Ltd PGEL.NS:

• PG ELECTROPLAST LTD - UNIT ACQUIRES 72-ACRE LAND PARCEL IN KAMARGAON, AHILYANAGAR

Source text: ID:nBSE1nwGSl

Further company coverage: PGEL.NS

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Nov 13 (Reuters) - PG Electroplast Ltd PGEL.NS:

• PG ELECTROPLAST LTD SEPT-QUARTER CONSOL NET PROFIT 27.6 MILLION RUPEES

• PG ELECTROPLAST LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.55 BILLION RUPEES

Source text: ID:nBSE1fBVs1

Further company coverage: PGEL.NS

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** Consumer durables NIFTY .NIFCODU rises 0.66% as India reduces GST on ACs, dishwashers, and many TVs to 18% from 28%

** Sub-index set to rise for sixth straight session

** Cut bodes well from long-term perspective for sector, especially for AC companies as it is significantly under-penetrated - ICICI Securities

** Adds, Voltas VOLT.NS, Blue Star BLUS.NS and Whirlpool WHIR.NS direct beneficiaries, as festive season looms

** VOLT down 0.7%; WHIR, BLUS rise 1.8% and 1.4%, respectively

** Footwear retailer Bata India BATA.NS gains most on index at 6.3%; Goldman Sachs says GST on 40% of Bata's sales under 1,000 rupees will drop to 5% from 12%, most of rest under 2,500 rupees will move to 5% from 18%

** Index up 8.4% since GST plans announced on Aug 15

(Reporting by Urvi Dugar)

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Aug 28 (Reuters) - PG Electroplast Ltd PGEL.NS:

• PG ELECTROPLAST LTD - APPOINTED GIRISH CHANDER AS CHIEF EXECUTIVE OFFICER

• PG ELECTROPLAST LTD - APPOINTED GIRISH CHANDER AS CHIEF EXECUTIVE OFFICER OF PG TECHNOPLAST PVT LTD (ADDS UNIT'S NAME)

Source text: ID:nBSE3Hk4nl

Further company coverage: PGEL.NS

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Aug 20 (Reuters) - PG Electroplast Ltd PGEL.NS:

• PG ELECTROPLAST LTD - SIGNS AGREEMENT WITH PAX INDIA

• PG ELECTROPLAST LTD - TO MANUFACTURE POS DEVICES IN INDIA

• PG ELECTROPLAST LTD - TO START POS DEVICE PRODUCTION BY YEAR-END

Source text: ID:nBSE9359Pm

Further company coverage: PGEL.NS

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** Shares of Epack Durable EPAC.NS, PG Electroplast PGEL.NS and Amber Enterprises AMBE.NS up between 2%-5%

** Room air conditioners and electronics manufacturing services sectors poised for significant expansion due to favorable macro trends and shift toward domestic electronic goods makers, analyst at Nirmal Bang says

** Brokerage initiates coverage on EPAC with "buy" rating, sets PT of 504 rupees; says co offers reasonable valuations and growing original design manufacturer presence

** Nirmal Bang also initiates coverage on PGEL and AMBE with "hold" ratings; says both cos are fundamentally strong but trade at premium valuations

** Sets PT of 863 rupees and 6,910 rupees on PGEL and AMBE, respectively

** EPACK has most attractive risk-reward opportunity, while PGEL and AMBE are better suited for long-term investment - Nirmal Bang

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

** Shares of PG Electroplast PGEL.NS fall 5.6% to 892 rupees, lowest in over five weeks
** Tax authority concludes inspections at consumer electronics maker's Maharashtra facilities, raising tax liabilities of 418.3 million rupees ($4.9 million)
** Analysts' avg rating on stock is "strong buy"; median PT is 965 rupees - data compiled by LSEG
** Stock down 9% so far this year

($1 = 85.7775 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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March 24 (Reuters) - PG Electroplast Ltd PGEL.NS:

• PG ELECTROPLAST LTD - - INSPECTION BY MAHARASHTRA GST DEPARTMENT CONCLUDED ON MARCH 22

• PG ELECTROPLAST LTD - INSPECTION DID NOT IMPACT NORMAL OPERATIONS

Source text: ID:nBSE6BCG8M

Further company coverage: PGEL.NS

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March 12 (Reuters) - PG Electroplast Ltd PGEL.NS:

• MAHARASHTRA GST DEPARTMENT INITIATES INSPECTION AT CO AND UNIT'S FACILITIES

• INSPECTION HAS NOT IMPACTED NORMAL OPERATIONS OR FINANCIALS

Source text: ID:nBSE53wxJq

Further company coverage: PGEL.NS

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** 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)

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Jan 21 (Reuters) - PG Electroplast Ltd PGEL.NS:

• UNIT RECEIVES APPROVAL UNDER PLI SCHEME FOR AIR CONDITIONER COMPONENTS

• UNIT WILL BE INVESTING 1.21 BILLION RUPEES OVER FIVE YEARS

Source text: ID:nBSEbZD4SG

Further company coverage: PGEL.NS

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** PG Electroplast PGEL.NS rises as much as 5.3% at 1,001 rupees

** Consumer electronics maker and Whirlpool of India WHIR.NS sign deal to contract manufacture select Whirlpool-branded semi-automatic washing machines at PGEL's Roorkee plant

** No financial details have been disclosed yet

** Stock set to gain for second straight month; added 38.1% so far in December

** PGEL rated "buy" on avg; median PT is 679.5 rupees - LSEG

** Stock last up 4.9%, extending YTD gains to 320%

(Reporting by Meenakshi Maidas in Bengaluru)

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Dec 23 (Reuters) - PG Electroplast Ltd PGEL.NS:

• PG ELECTROPLAST LTD - TO MANUFACTURE WHIRLPOOL SKUS AT ROORKEE FACTORY

• PG ELECTROPLAST LTD - WHIRLPOOL, PG ELECTROPLAST JOIN HANDS

Source text: ID:nNSEbl3hNZ

Further company coverage: PGEL.NS

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** Shares of PG Electroplast PGEL.NS climb 3.7% to 843.85 rupees

** PGEL, a contract manufacturer for electronic appliances, hit a record high of 858 rupees earlier in the day

** Equirus Securities begins coverage of stock with "long" rating and Street-high PT of 980 rupees

** Brokerage sees room for growth in co's air conditioner, television and washing machine design and manufacturing business; highlights ability to quickly scale up new ventures

** Excluding Equirus, four analysts tracking stock rate it "buy" on avg - LSEG data

** Stock has more than tripled in value so far this year

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

** Shares of PG Electroplast PGEL.NS climb 4.4% to 810.50 rupees, set for sixth straight session of gains

** Ratings agency Crisil upgrades PGEL's long-term bank facilities to 'A+' from "A" with a 'stable' outlook, co says

** Crisil also reaffirms short-term rating of 'A1' on the consumer electronic components maker

** Rating upgrade factors in PGEL's improving business risk profile, aided by healthy revenue share from products business while sustaining a healthy market position in the plastic moulding component business - Crisil

** Stock has more than tripled YTD, set for fifth straight annual gain

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of consumer electronic components maker PG Electroplast PGEL.NS rise 3.5% to a record high of 799.2 rupees

** Co on Wednesday opened its qualified institutional placement (QIP) of shares to raise 15 billion rupees ($177.2 mln)

** Co did not immediately respond to request for comment on how it plans to use QIP proceeds

** Sets floor price of 705.18 rupees/share, an 8.8% discount to stock's last close

** Says it may also offer up to an additional 5% discount on the floor price at its discretion

** Stock on track to fifth straight day of gains

** More than 2.8 mln shares traded, 2.2x the 30-day avg

** Stock has more than doubled YTD

($1 = 84.6750 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Dec 4 (Reuters) - PG Electroplast Ltd PGEL.NS:

• PG ELECTROPLAST - APPROVED FLOOR PRICE FOR QIP AT 705.18 RUPEES PER SHARE

Further company coverage: PGEL.NS

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** PG Electroplast PGEL.NS jumps as much as 15.2% to a record high of 719 rupees; last up 10.3%

** Electronic manufacturing services provider's subsidiary PG Technoplast signs agreement to exclusively manufacture Spiro Mobility's EVs in India

** PG Technoplast will set up and manage manufacturing facilities of EVs, lithium-ion batteries and related components

** Trading vols at 1.1x the 30-day average

** PGEL has nearly tripled YTD

(Reporting by Vijay Malkar)

(([email protected];))

Nov 18 (Reuters) - PG Electroplast Ltd PGEL.NS:

• PG ELECTROPLAST - PG TECHNOPLAST ENTERS ELECTRIC VEHICLE ASSEMBLY AND LITHIUM-ION BATTERY ASSEMBLY

• PG ELECTROPLAST LTD - PG TECHNOPLAST HAS SIGNED A DEFINITIVE AGREEMENT WITH SPIRO MOBILITY

Further company coverage: PGEL.NS

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Nov 11 (Reuters) - PG Electroplast Ltd PGEL.NS:

• SEPT-QUARTER CONSOL NET PROFIT 193.3 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.71 BILLION RUPEES

Source text: ID:nBSEC4gv

Further company coverage: PGEL.NS

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** Shares of PG Electroplast PGEL.NS climb 10.5% to a record high of 443.20 rupees

** Stock on track for fourth straight session of gain

** Electronic manufacturing services provider's Q1 consol net profit more than doubles; rev surges 95% Y/Y

** Forecasts FY25 rev growth of 33% Y/Y; 58% Y/Y profit growth

** PGEL up 86% YTD, set for fifth straight annual gain

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

** Shares of PG Electroplast PGEL.NS up 9.5% to a record 2,607 rupees

** Electronics parts-maker's Q4 profit surged 73.2% YoY on the back of significant revenue growth which far outpaced higher expenses

** Peer Dixon Technologies DIXO.NS reported a smaller 18% jump in Q4 profit earlier this month as costs weighed

** More than 613,000 shares traded so far; logs busiest day since Aug. 29, 2023

** PGEL up ~8% YTD, DIXO up ~41%

(Reporting by Varun Vyas in Bengaluru)

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May 3 (Reuters) - PG Electroplast Ltd PGEL.NS:

• PG ELECTROPLAST LTD - TO CONSIDER SUB-DIVISION OF EQUITY SHARES OF COMPANY

Source text for Eikon: ID:nBSEbyn1QQ

Further company coverage: PGEL.NS

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April 25 (Reuters) - PG Electroplast Ltd PGEL.NS:

• PG TECHNOPLAST UNVEILS NEW INTEGRATED AC MANUFACTURING FACILITY IN RAJASTHAN

• PG TECHNOPLAST UNVEILS NEW INTEGRATED AC MANUFACTURING FACILITY IN RAJASTHAN

• RAJASTHAN FACTORY HAS INSTALLED ANNUAL CAPACITY FOR 360K SPLIT AC UNITS AND 250K WINDOW AC UNITS

Source text for Eikon: ID:nBSE9tNCcM

Further company coverage: PGEL.NS

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** Shares of electronics components maker PG Electroplast Ltd PGEL.NS up 6.3% at 1,767 rupees

** PGEL's unit, PG Technoplast, gets nod to receive government incentives to manufacture air conditioner components

** Stock up 5% or higher only second time in 2024

** However, PGEL logged fourth straight monthly loss in March

** Stock trims YTD losses to 25.5%

(Reporting by Nandan Mandayam in Bengaluru)

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