Pearl Global Industries Limited · NSE:PGIL
Pearl Global Industries — Q4 FY25 Earnings Presentation
35 slides from Pearl Global Industries's earnings presentation, May 20, 2025
Slide 1: Pearl Global Industries Limited Investor Presentation
Pearl Global Industries Limited Investor Presentation May-2025
Slide 2: Safe Harbour
Safe Harbour This presentation has been prepared by and is the sole responsibility of Pearl Global Industries Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitat
Slide 3: Q4 & FY25 Business Highlights
Q4 & FY25 Business Highlights
Slide 4: Message from Vice-Chairman & Non-Executive Director
Message from Vice-Chairman & Non-Executive Director Commenting on the Results, Mr. Pulkit Seth, Vice-Chairman & Non-Executive Director, said, “We are proud to report our best-ever consolidated performance for both Q4 and the full year of FY25, setting new records across all key financial indicators—
Slide 5: Message from Managing Director
Message from Managing Director Commenting on the Results, Mr. Pallab Banerjee, Managing Director said, “We are delighted to share that FY25 has been a year of strong performance and continued growth momentum. Our India business, with existing capacities, now reflects an annualized revenue potential
Slide 6: Business Highlights: Highest Ever Consolidated Revenue, Adjusted EBITDA and PAT
Business Highlights: Highest Ever Consolidated Revenue, Adjusted EBITDA and PAT Best ever Q4 and Full Year FY’25 Strong Consolidated ROCE at 30.5%,+230bps in FY25 Consolidated Performance Q4 FY25: ROCE improved from 28.2% in FY24 to 30.5% in FY25 due to: • Revenue stood at Rs. 1,229 crore, a jump of
Slide 7: Capex Update for FY25 and Planned Capex for FY26
Capex Update for FY25 and Planned Capex for FY26 Capex done during the year FY25 • Details: • Company has incurred the capex Rs. 135 Crore in FY25 • Rs. 75 crore for capacity expansion / sustainable laundry capacity expansion • Rs. 22.5 crore towards land acquisition in Bangladesh for future capacit
Slide 8: India-UK FTA: Revenue & Market Growth Opportunities for PGIL
India-UK FTA: Revenue & Market Growth Opportunities for PGIL Industry Overview Opportunities to PGIL UK’s Apparel Imports stood at USD 18.4 bn in 2024 The FTA places India on equal footing with countries like Bangladesh, Cambodia, Vietnam, and Turkey, which previously enjoyed preferential access to
Slide 9: Regular Dividend Payout
Regular Dividend Payout The Company has finalised a dividend policy Dividend 18.6% 9.7% 15.4% 10.6% 22.5% 22.9% wherein the Company Payout will declare dividend of at least 20% of the consolidated profit after FY20 & FY21 tax in a given year to the Due to impact of Covid-19, 230.8 shareholders the C
Slide 10: Consolidated Financial Highlights
Consolidated Financial Highlights
Slide 11: Consolidated Group Performance – FY25
Consolidated Group Performance – FY25 In Rs. Crore REVENUE Adj EBIDTA* 9.2% 9.1% 8.2% 4,506 411 3,436 5.2% 3,158 316 2,714 4.1% 258 1,491 61 141 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 EBITDA EBITDA Margin(%) Adj PBT# PAT after Minority Interest (MI)^ 5.8% 300 7.0 % 5.6% 5.5% 5.1% 6.0 % 5.
Slide 12: Consolidated Group Performance – Q4 FY25
Consolidated Group Performance – Q4 FY25 In Rs. Crore REVENUE Adj EBIDTA* 9.7% 9.6% 8.8% 1,229 6.0% 119 896 877 84 730 4.4% 64 525 40 31 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Adj EBITDA Adj. EBITDA Margin(%) Adj PBT# PAT after Minority Interest (MI)^ 80 6.3%
Slide 13: Consolidated Financial Parameters
Consolidated Financial Parameters In Rs. Crore Networth Gross Debt Cash and Bank Balance^ 1,146 564 552 513 448 445 817 743 325 615 285 530 254 144 109 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Return on Capital Employed (%)* ROE (%) Net
Slide 14: Working Capital Cycle
Working Capital Cycle Working Capital Days Inventory Days 67 73 63 68 59 57 53 38 38 30 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Debtor Days Creditor Days 59 60 59 52 49 45 45 28 26 24 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 • Ratios are cal
Slide 15: Consolidated Performance Highlights – FY25
Consolidated Performance Highlights – FY25 Geographical Revenue (Export) Split No of Pieces Shipped (Mn Pieces) Product wise Split (Value) (In Rs. Crore) 74.3 4,506 56.9 1,196 59% 55% 3,436 63% 3,158 70% 72% 2,714 954 1,104 934 1,491 3,310 2,482 45% 771 2,055 41% 1,780 37% 30% 28% 720 FY21 FY22 FY23
Slide 16: Manufacturing Facilities
Manufacturing Facilities Capacity Annual Capacity as on Revenue % (FY25) Location No of Units Utilization % Specialization FY25 (Blended) FY25 In-House Partnership 26.0% Woven and Knit products including women’s fashion wear, men’s wear and India 8 - 78.3% 24.5 mn pieces p.a. kid’s wear. South facto
Slide 17: Consolidated Financial Statements
Consolidated Financial Statements
Slide 18: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement COMMENTS Particulars (In Rs. Crore) Q4 FY25 Q4 FY24 Y-o-Y Q3 FY25 Q-o-Q FY25 FY24 Y-o-Y FY25 Revenue: Rs. 4,506 crore, up 31.1% YoY Revenue from Operations 1,229 877 40.1% 1,023 20.2% 4,506 3,436 31.1% • Revenue increase by 31.1% YoY due to healthy Cost of Good
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (In Rs. Crore) Mar-25 Mar-24 Liabilities (In Rs. Crore) Mar-25 Mar-24 Non-Current assets Equity Property, Plant and Equipment 413 369 Equity Share capital 23 22 Capital work-in-progress 44 35 Other Equity 1,133 780 Investment Property 56 56 Other Intangible Asset 3
Slide 20: Consolidated Cash Flow
Consolidated Cash Flow Particulars (In Rs. Crore) FY25 FY24 Net Profit Before Tax 267 192 Adjustments for: Non -Cash Items / Other Investment or Financial Items 150 136 Operating profit before working capital changes 417 328 Changes in working capital -205 45 Cash generated from Operations 212 372 D
Slide 21: Standalone Financial Highlights
Standalone Financial Highlights
Slide 22: Standalone Performance – FY25
Standalone Performance – FY25 In Rs. Crore Revenue Adj EBIDTA* 80 6.4% 10. 0% 140 0 70 5.6% 4.4% 5.2% 8.0 % 66 120 0 60 1,196 71 6.0 % 1,104 50 100 0 49 4.0 % 954 40 800 934 30 41 771 2.0 % 600 20 0.0 % 400 10 -0.5% -2.0% 0 200 -10 -4 -4.0% 0 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 EBITDA
Slide 23: Standalone Performance – Q4 FY25
Standalone Performance – Q4 FY25 In Rs. Crore Revenue Adj EBIDTA* 10.2% 45 450 40 8.1% 400 6.4% 397 35 350 40 350 30 4.0% 300 250 320 25 272 275 20 200 21 2.3% 15 150 22 100 10 14 5 50 0 6 0 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 EBITDA EBITDA Margin(%) Adj P
Slide 24: Standalone Financial Statements
Standalone Financial Statements
Slide 25: Standalone Profit and Loss Statement
Standalone Profit and Loss Statement COMMENTS FY25 Revenue: Rs. 1,196 crore, up 25.4% YoY Profit and Loss (In Rs. Crore) Q4 FY25 Q4 FY24 Y-o-Y Q3 FY25 Q-o-Q FY25 FY24 Y-o-Y • The increase in revenue is due to growth in wallet share Revenue from Operations 397 320 24.2% 235 68.8% 1,196 954 25.4% with
Slide 26: Standalone Balance Sheet
Standalone Balance Sheet Assets (In Rs. Crore) Mar-25 Mar-24 Liabilities (In Rs. Crore) Mar-25 Mar-24 Non Current assets Equity Property, Plant and Equipment 158 153 Equity Share capital 23 22 Capital work-in-progress 1 14 Other Equity 539 352 Investment Property 56 56 Total Equity 562 374 Other Int
Slide 27: Standalone Cash Flow
Standalone Cash Flow Particulars (In Rs. Crore) FY25 FY24 Net Profit Before Tax 63 30 Adjustments for: Non -Cash Items / Other Investment or Financial Items 23 35 Operating profit before working capital changes 86 66 Changes in working capital -32 1 Cash generated from Operations 54 67 Direct taxes
Slide 28: Historical Financial Statements
Historical Financial Statements
Slide 29: Historical Consolidated Profit And Loss Statement
Historical Consolidated Profit And Loss Statement Profit and Loss (In Rs. Crore) FY25 FY24 FY23 FY22 FY21 Revenue from Operations 4,506 3,436 3,158 2,714 1,491 Cost of Goods Sold 2,372 1,698 1,630 1,511 769 Gross Profit 2,134 1,738 1,529 1,203 722 Gross Profit Margin 47.4% 50.6% 48.4% 44.3% 48.4% Em
Slide 30: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Assets (In Rs. Crore) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Liabilities (In Rs. Crore) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Non-Current assets Equity Property, Plant and Equipment 413 369 288 258 214 Capital work-in-progress 44 35 33 15 47 Equity Share capital 23 22
Slide 31: Consolidated Cash Flow
Consolidated Cash Flow Particulars (In Rs. Crore) FY25 FY24 FY23 FY22 FY21 Net Profit Before Tax 267 192 176 86 11 Adjustments for: Non -Cash Items / Other Investment or Financial Items 150 136 68 76 61 Operating profit before working capital changes 417 328 244 162 72 Changes in working capital -20
Slide 32: Standalone Profit and Loss Statement
Standalone Profit and Loss Statement Profit and Loss (In Rs. Crore) FY25 FY24 FY23 FY22 FY21 Revenue from Operations 1,196 954 1,104 934 771 Cost of Goods Sold 537 415 542 428 473 Gross Profit 659 539 562 506 298 Gross Profit Margin 55.1% 56.5% 50.9% 54.2% 38.7% Employee Cost 274 234 197 152 108 Oth
Slide 33: Standalone Balance Sheet
Standalone Balance Sheet Assets (In Rs. Crore) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Liabilities (In Rs. Crore) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Non Current assets Equity Property, Plant and Equipment 158 153 128 124 128 Equity Share capital 23 22 22 22 22 Capital work-in-progress 1 14 7 - 0 Intangib
Slide 34: Standalone Cash Flow
Standalone Cash Flow Particulars (In Rs. Crore) FY25 FY24 FY23 FY22 FY21 Net Profit Before Tax 63 30 62 36 -9 Adjustments for: Non -Cash Items / Other Investment or Financial Items 23 35 1 30 42 Operating profit before working capital changes 86 66 62 66 33 Changes in working capital -32 1 46 -78 22
Slide 35: For further information, please contact
For further information, please contact Company: Investor Relations Advisors: Pearl Global Industries Limited Strategic Growth Advisors Pvt. Ltd. CIN: L74899DL1989PLC036849 CIN: U74140MH2010PTC204285 Mr. Sanjay Gandhi - Group CFO sanjay.gandhi@pearlglobal.com Mr. Karan Thakker / Mr. Rahul Agarwal ka
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