Shares of PG Electroplast tumbled 23% on August 8 after the firm slashed its FY26 growth guidance.
PG Electroplast (PGEL) is an Indian electronic manufacturing services (EMS) provider, specialising in Original Design Manufacturing (ODM) and Original Equipment Manufacturing (OEM) for consumer durable brands.
The firm's net profit in Q1FY26 fell 21% to Rs 67 crore as against Rs 85 crore a year ago.
The company's revenue rose 14% to Rs 1,504 crore.
On August 8, PG Electroplast shares closed 23% lower at Rs 567.35 apiece as revenue growth guidance has been cut to 17-19% as against 30.3% guided earlier.
PG Electroplast now expects its product business to grow between 17% to 21% to between Rs 4,140 crore and Rs 4,280 crore, in comparison to the earlier guidance of Rs 4,770 crore.
“The early arrival of the monsoon impacted seasonal sales for Room ACs, making Q1 a more subdued start to the year. However, underlying demand indicators remain robust, and we see significant long-term potential given the relatively low penetration levels in core categories like Room ACs and Washing Machines.
"We remain focused on product innovation, capital efficient expansion, and deepening client partnerships. Our investments in new platform development and capacity enhancements across core product lines are progressing as planned," said Vishal Gupta, Managing Director – Finance.
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