PG Electroplast shares jump 9% after co says LPG challenges 'largely addressed'

Shares of PG Electroplast Ltd. have surged as much as 9% on Wednesday, March 25, after the company said that the current room AC production has been "almost normalized".

In an exchange filing, PG Electroplast said that it was able to identify and install at its production facilities, alternative solutions to LPG, which has resulted in the near-normalization of the room AC production.

The company also said that the with the current alternative solutions, it has been able to address the LPG challenges to "a large extent for the time being."

PG Electroplast had earlier informed the exchanges that it was facing constraints with regards to LPG gas, due to the ongoing war in West Asia, which has resulted in gas suppliers restricting the supply, which ended up impacting the production of room ACs in some plants of the company.

In an interaction with CNBC-TV18 on March 13, Vikas Gupta of PG Electroplast had said that the LPG shortage has impacted production lines and may impact the company's financial year 2026 revenue guidance.

Gupta also said that the month of March accounts for 12% to 15% of the company's annual sales, and that polymer availability and a 40% to 50% surge in polymer prices are a concern.

Shares of PG Electroplast are trading 7.3% higher after the announcement at ₹536.7. The stock is down 13.5% in the last one month.