| Revenue growth | Q2 +42.5%; H1 +37.4% YoY. |
|---|---|
| Margins | Q2 EBITDA margin 7.4% vs 6.8%; gross contribution down to 17.8%. |
| Order book | Healthy across all products; no quantified figure. |
| Demand visibility | Order book healthy for all products. |
| Management confidence | Management sees exciting times ahead for all segments. |
Growth
Q2 sales +42.5%, EBITDA +54.8%, PAT ₹13.7 Cr vs ₹2.8 Cr. H1 sales +37.4%, PAT +28.9%.
Outlook
No numeric guidance. Gradual margin improvement expected; Bhiwadi plant from 3QFY27, Greater Noida washing machine plant 4QFY27.
Risks
CoRM rose to 82.2% of sales (78.4%); gross contribution fell to 17.8%. Net debt ₹291 Cr vs net cash ₹146 Cr.
Last quarter's promises, checked
Delivered
- H1 AC growth 15-20% (6-mo, value) → H1 AC +36.2% (= BEAT)
- Reported margin slightly above LY → Q2 EBITDA 7.4% vs 6.8% LY (= BEAT)
Partly delivered
- ~8% FY27 operating margin → Q2 EBITDA 7.4%, FY not reported (= PARTIAL)
- Greater Noida WM plant 'online' in Q1 → Q2 lists plant at 4QFY27, conflicting (= PARTIAL)
Missed
- Commodity pass-through to improve, margins to normalise → CoRM 82.2% vs 78.4%, gross contribution 17.8% (= MISS)
- 'Net cash company' (cash ₹491.3 Cr) → Q2 net debt ₹291 Cr (= MISS)
Investor Presentation filed with NSE, NSE: PGEL. Summary written with AI assistance from the document.
PG Electroplast Ltd: key numbers
- Share price
- ₹536.40
- Market cap
- ₹15,382 Cr
- Revenue (annual)
- ₹5,288 Cr
- Net profit (annual)
- ₹196.6 Cr
- P/E (TTM)
- 71.0×Sector 41.7×
- 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 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.
PG Electroplast Other Announcement
PG Electroplast Limited has filed its quarterly compliance certificate under SEBI Regulation 74(5) for the period ended September 30, 2026.