| Management target | Revenue 20.0% FY27 |
|---|
| Revenue growth | 35.2% YoY revenue growth, record quarterly performance driven by AC demand. |
|---|---|
| Margins | Under pressure due to commodity costs; target normalized 8% operating margin. |
| Order book | Healthy order book across all product lines for the upcoming season. |
| Demand visibility | Strong AC demand; secondary sales outpacing primary indicates low channel inventory. |
| Management confidence | Balanced and optimistic, focusing on diversification and backward integration. |
Growth
Revenue grew 35.2% YoY with AC volumes up 38.1% and washing machines surging 67.2%. Growth was balanced between volume and ASP increases.
Outlook
Management expects 20%+ volume growth for the full year and aims for 8% operating margins.
Risks
Persistent commodity inflation and rupee depreciation squeeze margins. High competitive intensity in mid-tier segments remains a structural threat.
Last quarter's promises, checked
Delivered
- Guided Q4 revenue ~INR 1,717 Cr → delivered INR 2,034 Cr (= BEAT)
- Guided EBITDA margins towards 8% → delivered 8.0% (= BEAT)
- Guided inventory reduction to <INR 900 Cr by June → delivered True (= BEAT)
Partly delivered
- Guided 10-15% price pass-through → delivered partial pass-through (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: PGEL. Summary written with AI assistance from the document.
PG Electroplast Ltd: key numbers
- Share price
- ₹518.50
- Market cap
- ₹14,868 Cr
- Revenue (annual)
- ₹5,288 Cr
- Net profit (annual)
- ₹196.6 Cr
- P/E (TTM)
- 72.2×Sector 45.9×
- Promoter holding
- 43.37%-0.04% QoQ
- FII holding
- 9.95%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from PG Electroplast Ltd
All →PG Electroplast Other Announcement
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PG Electroplast will hold its 24th Annual General Meeting on September 29, 2026. The agenda includes dividend declaration and approval for financial assistance to joint ventures.
PG Electroplast Management Change
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PG Electroplast Dividend
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PG Electroplast Board Meeting Outcome
PG Electroplast Limited's board recommended appointing B S R & Co. LLP as statutory auditors for five years. The company also fixed September 18, 2026, as the dividend record date.