PG Electroplast Limited (PGEL) is the flagship company of PG Group. While the PG Group had started its journey in 1977, PG Electroplast was formally set up in 2003 and is a leading, diversified Indian Electronic Manufacturing Service provider. It specializes in Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM) and Plastic Injection Molding, catering to 50+ leading Indian and Global brands.
Q3 FY26 Earnings Results
- Revenue from Operations: Consolidated ₹1,412 cr (+46% YoY vs ₹968 cr, +115% QoQ vs ₹655 cr); sales ₹1,412 cr (+46% YoY); air conditioning business +80% YoY (66% of total).
- EBITDA: ₹126 cr (+37% YoY vs ₹92 cr), margin 8.9% (−60 bps YoY); 9M EBITDA ₹310 cr (+8% YoY), margin 8.7% (−100 bps YoY).
- PAT: ₹62 cr (+50% YoY vs ₹41 cr, +2,500% QoQ vs ₹2 cr), PAT margin 4.3% (+20 bps YoY); 9M PAT ₹132 cr (−7% YoY).
- Other key metrics: EPS ₹2.18 (+48% YoY); FY26 guidance maintained.
Management Commentary & Strategic Decisions
- Strong YoY growth led by AC segment; sequential surge post-monsoon recovery.
- Strategic moves: Capex push for capacity, margin optimisation.
Q2 FY26 Earnings Results
- Revenue from Operations: ₹655 cr (−2% YoY vs ₹671 cr, −56% QoQ vs ₹1,504 cr); H1 sales ₹2,159 cr (+8% YoY).
- EBITDA: ₹45 cr (−26% YoY vs ₹61 cr, −75% QoQ); H1 EBITDA ₹184 cr (+8% YoY).
- PAT: ₹2 cr (−88% YoY vs ₹19 cr, −96% QoQ vs ₹67 cr); H1 PAT ₹69 cr.
- Other key metrics: Monsoon/GST cuts impacted summer portfolio.
Management Commentary Q2
- Seasonal headwinds; H1 growth intact.
- Strategic moves: Industry-leading growth, margin expansion target.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.