Pearl Global Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
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Pearl Global Industries reported strong audited results for Q4 and FY25 (year ended March 31, 2025). Consolidated revenue from operations grew about 31% YoY to around Rs 4,506 crore (vs Rs 3,436 crore), while net profit attributable to owners rose about 42% to Rs 248 crore (vs Rs 175 crore). Standalone revenue grew roughly 25% to Rs 1,196 crore and standalone net profit nearly doubled to Rs 55 crore from Rs 28 crore. Basic EPS improved to Rs 54.96 (consolidated) and Rs 12.15 (standalone). Hong Kong remained the largest revenue and profit contributor, with India, Bangladesh and Vietnam also growing year-on-year. The Board declared a second interim dividend of Rs 6.50 per share on a Rs 5 face value, taking the year's payout to roughly Rs 29.9 crore. The company also expanded its footprint by acquiring additional stakes in PT Pinnacle Apparels (now 84.93%) and Pearl GT Holdco (now 80%), and incorporated a new overseas subsidiary, Pearl Knitting & Dyeing Industries Limited. Statutory auditor S.R. Dinodia & Co. LLP issued an unmodified opinion. Exceptional items of about Rs 4.6 crore (consolidated) relate to PPE sale losses and insurance claims. Consolidated operating cash flow fell to Rs 176 crore from Rs 352 crore, mainly due to a Rs 202 crore build-up in inventory.
Strong top-line and bottom-line growth, healthy dividend, and continued geographic expansion are positive for shareholders. The sharp dip in operating cash flow despite higher profits, driven by inventory build-up, is a point to watch as it ties up working capital.