PIGL Share Price: Toofani Orders Aaye, Par Margin Ka Pressure! Investors Dekho!

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AuthorAarav Shah|Published at:
PIGL Share Price: Toofani Orders Aaye, Par Margin Ka Pressure! Investors Dekho!
Overview

Power and Instrumentation (Gujarat) Limited (PIGL) ne Q3 FY26 mein revenue ko **43.2%** daudaya hai, **₹124.17 Cr** ke naye orders milne se. Lekin haan, profit growth thoda dheema raha aur margins par dabav dikh raha hai.

Okay, toh PIGL ka Q3 FY26 ka result dekho, consolidated total income ₹48.89 Cr raha, jo pichhle saal ke Q3 se 43.2% zyada hai. Ye sab bada-bada milne wale orders ki wajah se hua hai, total ₹124.17 Crore ke orders mile Q3 mein.

Ab aate hain profit par. Consolidated net profit 11.9% badh kar ₹3.57 Cr hua Q3 FY26 mein, jo pichhle saal ₹3.19 Cr tha. Lekin yahan problem hai – revenue jitna badha, profit utna nahi badha. Isliye Net Profit Margin (NPM) 7.31% ho gaya hai, jo pehle 9.35% tha. Earnings Per Share (EPS) bhi 12.9% gir kar ₹1.69 ho gaya.

9-month (9M FY26) ka dekhein toh income 39.7% badh kar ₹161.35 Cr hui, aur net profit 21.9% badh kar ₹10.91 Cr hua. Par NPM yahan bhi 6.76% se 7.72% par aa gaya.

Bade orders ki baat karein toh Ajmer Vidyut Vitran Nigam Limited se ₹102.78 Cr ka order mila distribution infrastructure ke liye, aur ATS Techno Limited se ₹21.39 Cr ka order factory shed ke liye. Ye sab future ke liye acchi visibility de rahe hain.

Aur ek mast baat, PIGL ki subsidiary ne naya 'Phibar' branded busduct system launch kiya hai. Ye unke technical capabilities aur market presence ko aur strong karega.

Investors ko ek cheez par dhyan dena hoga – Standalone financials mein company ka Debt to Equity ratio 0.28 se badh kar 0.50 ho gaya hai FY25 mein. Aur Interest Coverage Ratio bhi 18.44 se kam ho kar 15.01 ho gaya hai. Matlab loan badha hai aur uske upar interest pay karne ki capacity thodi kam hui hai.

Sector mein Dusri companies jaise Kalpataru Projects aur KEC International bhi aise hi revenue growth dikha rahi hain, par margin pressure sabko face karna pad raha hai. PIGL ka ye naya busduct system unhe competitors se alag kar sakta hai.

Management ka kehna hai ki future growth accha rahega, lekin koi specific numbers nahi diye hain. Toh abhi order book aur market conditions dekh kar hi aage ka sochna padega.

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