On November 14, Mumbai, Maharashtra: Power & Instrumentation (Gujarat) Limited (NSE – PIGL, BSE – 543912), a premier electrical contracting and equipment company, released its unaudited Q2 & H1 FY25 financial results.

Consolidated Financial Highlights:

Q2 FY25

Total income Rs 55.75 Cr, YoY increase 127.34%

Rs 6.04 Cr EBITDA, 108.86% YoY increase

10.84% EBITDA Margin

Rs 3.89 Cr net profit, 180.11% YoY rise

Net Profit Margin 6.98%, 130 Bps YoY rise

Rs 2.69 EPS, 146.79% YoY increase

H1 FY25

Total income Rs 81.74 Cr, 75.34% YoY rise

Rs 9.69 Cr EBITDA, 73.45% YoY increase

11.86% EBITDA Margin

Net profit Rs 5.76 Cr, YoY increase 140.72%

Net Profit Margin 7.04%, YoY increase 191 Bps

Rs 3.99 EPS, 110.00% YoY increase

Power & Instrumentation (Gujarat) Limited Managing Director Padmaraj Padmnabhan Pillai commented on the financial performance, “A power play performance for Q2 FY25 with 127% topline growth and 180% bottomline growth shows we are on a growth path for future growth.

Our performance in H1 FY25 shows India’s rising power sector’s desire for our EPC capabilities. Our impressive achievements are due to smart contract execution, effective money usage, and speedy project advancement. The Rajasthan RDSS contract has been fast-tracked, enabling us to speed up work and improve operating efficiency. Significant contracts for important airport electrification projects demonstrate our commitment to national infrastructure expansion.

We’re focusing more on Solar EPC to match India’s renewable energy goals. Additionally, our latest purchase expands our product options, enabling us to provide additional solutions to our customers. We prioritize using these possibilities to maintain development and provide high-value services to our stakeholders.”

Key Operations Highlights