ALFA Finder| 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
- ₹573.25
- Market cap
- ₹16,438 Cr
- Revenue (annual)
- ₹5,288 Cr
- Net profit (annual)
- ₹196.6 Cr
- P/E (TTM)
- 75.9×Sector 44.3×
- Promoter holding
- 43.20%-0.17% QoQ
- FII holding
- 8.72%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 Earnings Call Transcript: Key Takeaways
PG Electroplast delivered record consolidated revenues led by the AC and washing machine segments, despite muted secondary AC sales in Q2. Management is pivoting from assembly to full component manufacturing to drive structural margins.
- Call
- Guides 20% growth
PG Electroplast Results Update
PG Electroplast's press release reports unaudited quarterly and half-year results, with H1 FY27 revenue of INR 2,967.83 crore up 37.4% YoY. It also notes new washing machine and component plants coming online.
- washing machine manufacturing capacity
- 1.8 mn units per annum
PG Electroplast Investor Presentation: Key Takeaways
Q2 FY27 sales ₹933.9 Cr (+42.5%), PAT ₹13.7 Cr; H1 sales ₹2,968 Cr (+37.4%). Margins compressed on commodity costs; growth via capacity and backward integration.
PG Electroplast Q2 FY27 Results: Net Profit ₹13.7 Cr, Up 389.3% YoY
PG Electroplast Ltd reported revenue from operations of ₹933.9 Cr (+42.5% YoY) and net profit of ₹13.7 Cr (+389.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹13.7 Cr · +389.3% YoY
PG Electroplast Management Change
PG Electroplast's subsidiary NGM appointed Ruchika Bansal as independent director. Its auditor resigned and B S R & Co. LLP was appointed, subject to shareholder approval.
PG Electroplast Board Meeting Date
PG Electroplast will hold a board meeting on October 27, 2026, to consider and approve the unaudited financial results for the quarter and half year.