Power & Instrumentation (Gujarat) Limited has informed the Exchange about Transcript
PIGL · price
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PIGL shared detailed Q4 and FY25 results on its earnings call. FY25 total income rose 73.2% YoY to INR171.28 crores, EBITDA grew 58.4% to INR19.59 crores (11.4% margin), and net profit nearly doubled to INR11.76 crores (99.4% growth), with EPS at INR7.81. Q4 income was INR55.39 crores, though Q4 net profit grew only 5% to INR2.81 crores with margins softer due to a higher mix of supply vs. erection work. Management highlighted strategic forays into solar EPC (5MW order from A2 Green Energy) and the 400 kV extra high-voltage segment, along with a INR46.18 crore airport electrification win at Udaipur from Nyati Engineering. Total order book stands at INR400+ crores (unexecuted ~INR300 crores) with a bidded tender pipeline of ~INR500 crores across Gujarat, Rajasthan, Bihar, and Jharkhand. Management sees strong multi-year demand from RDSS, transmission expansion, and airport electrification, and plans geographic expansion into Eastern and Northeastern India.
Strong FY25 results with ~100% net profit growth and a healthy order book plus INR500 crores bid pipeline signal solid revenue visibility for FY26. Softer Q4 margins due to supply mix and the absence of explicit margin improvement guidance may temper near-term expectations, though management is on track to execute the existing book.