{"id":42037,"date":"2024-08-15T16:34:33","date_gmt":"2024-08-15T11:04:33","guid":{"rendered":"https:\/\/businesspoint.co.in\/index.php\/2024\/08\/15\/power-instrumentation-gujarat-achieves-86-growth-in-q1-fy25-consolidated-net-profit\/"},"modified":"2024-08-15T16:34:33","modified_gmt":"2024-08-15T11:04:33","slug":"power-instrumentation-gujarat-achieves-86-growth-in-q1-fy25-consolidated-net-profit","status":"publish","type":"post","link":"https:\/\/businesspoint.co.in\/index.php\/2024\/08\/15\/power-instrumentation-gujarat-achieves-86-growth-in-q1-fy25-consolidated-net-profit\/","title":{"rendered":"Power &amp; Instrumentation (Gujarat) Achieves 86% Growth in Q1 FY25 Consolidated Net Profit"},"content":{"rendered":"<div>\n<div>\n<p><strong>Mumbai [India] August 15:<\/strong> Power &amp; Instrumentation (Gujarat) Limited (NSE \u2013 PIGL, BSE \u2013 543912), One of the leading players in the electrical contracting and equipment industry, has announced its Unaudited Q1 FY25 results.<\/p>\n<p><strong>Key Financial Highlights (Consolidated)<\/strong><\/p>\n<p><strong>Q1 FY25<\/strong><\/p>\n<p>* Total Income of\u00a0\u20b9 26.00 Cr, YoY growth of 18.37%<\/p>\n<p>* EBITDA of\u00a0\u20b9 3.65 Cr, YoY growth of 35.42%<\/p>\n<p>* EBITDA Margin of 14.04%, YoY growth of 177 Bps<\/p>\n<p>* Net Profit of\u00a0\u20b9 1.87 Cr, YoY growth of 86.19%<\/p>\n<p>* Net profit (%) of 7.18%, YoY growth of 256 Bps<\/p>\n<p>Commenting\u00a0on\u00a0the\u00a0performance, Mr. Padmaraj\u00a0Padmnabhan\u00a0Pillai,\u00a0Managing\u00a0Director,\u00a0Power &amp; Instrumentation (Gujarat) Limited\u00a0said,\u00a0\u201cWe are pleased to report a strong financial performance in Q1 FY25, reflecting our strategic execution and\u00a0strong\u00a0market presence. Our comprehensive Electrical, Procurement, and Construction solutions, including energy-efficient power solutions and advanced building management systems, have significantly contributed to our success. The efficient execution of our\u00a0\u20b9400 Cr order book has been a key driver of our improved performance.<\/p>\n<p>The power industry\u2019s growth and the shift towards sustainable energy have aligned perfectly with our strategic focus, enabling us to capitalize on new opportunities. This quarter, we achieved notable year-over-year growth\u00a0of 86 %\u00a0in Net Profit, underscoring our commitment to operational efficiency and cost management.<\/p>\n<p>A major highlight was securing the prestigious contract for the development of a substation at Sardar Vallabhbhai International Airport, Ahmedabad, awarded by the Adani Group. This project, aimed at enhancing airport infrastructure and operational efficiency.\u00a0Looking ahead, PIGL remains dedicated to innovation, excellence, and sustainability.\u201d<\/p>\n<p><strong>Key Operational Highlights<\/strong><\/p>\n<p>PIGL Secured\u00a0Major Airport Substation Contract<\/p>\n<ul>\n<li>Contract Awarded by:\u00a0Ahmedabad International Airport Ltd., Adani Group,<\/li>\n<li>Purpose of contract: The development of a substation at Sardar Vallabhbhai Patel International Airport, Ahmedabad.<\/li>\n<\/ul>\n<ul>\n<li>Contract Valuation:\u00a0The contract is valued at\u00a0\u20b9 20.93 Cr<\/li>\n<li>Completion Timeline:\u00a0The project is scheduled to be completed within four months, starting from May 7, 2024.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai [India] August 15: Power &amp; Instrumentation (Gujarat) Limited (NSE [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":42038,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[2],"class_list":["post-42037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/posts\/42037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=42037"}],"version-history":[{"count":0,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/posts\/42037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/media\/42038"}],"wp:attachment":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=42037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=42037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=42037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}