PG Electroplast Q2 FY27 Revenue Surges 42.5% to ₹933.88 Cr, Net Profit Jumps 395.2% to ₹13.67 Cr
PG Electroplast reported Q2 FY27 revenue of ₹933.88 crore, up 42.5% YoY. Net profit surged 395.2% to ₹13.67 crore. For H1 FY27, revenue grew 37.4% to ₹2,967.83 crore, and net profit increased 28.9% to ₹89.88 crore. Two new facilities are expected to start production in Q4 FY27.
The substantial increase in revenue and net profit, coupled with the operationalization of new facilities and expansion plans, is likely to have a significant positive impact on the company's financial performance and market position.
The company reported strong year-on-year growth in revenue and a significant jump in net profit for both the quarter and half-year ended September 30, 2026. Expansion projects are on track, indicating positive future prospects.
PG Electroplast Limited (PGEL) has announced its unaudited financial results for the quarter and half-year ended September 30, 2026 (Q2 FY27).
The company reported a significant 42.5% year-on-year increase in consolidated sales for Q2 FY27, reaching ₹933.88 crore, compared to ₹655.37 crore in Q2 FY26. For the half-year ended September 30, 2026 (H1 FY27), consolidated sales grew by 37.4% to ₹2,967.83 crore from ₹2,159.22 crore in H1 FY26.
Cost of Raw Material (CoRM) as a percentage of sales increased to 82.2% in Q2 FY27 from 78.4% in Q2 FY26, while Gross Contribution as a percentage of sales decreased to 17.8% from 21.6% YoY. EBITDA for Q2 FY27 rose by 54.8% to ₹69.14 crore from ₹44.68 crore in Q2 FY26. EBITDA margin improved to 7.4% from 6.8% YoY.
Profit Before Tax (PBT) saw a substantial increase of 136.3% to ₹14.94 crore in Q2 FY27 from ₹6.32 crore in Q2 FY26. Net Income for the quarter surged by 395.2% to ₹13.67 crore from ₹2.76 crore in the prior year period. The net margin improved to 1.5% from 0.4% YoY.
For H1 FY27, Net Income grew by 28.9% to ₹89.88 crore from ₹69.74 crore in H1 FY26, with a net margin of 3.0% compared to 3.2% YoY.
The company also highlighted that its 100% subsidiary, PG Technoplast, reported revenues of ₹2,130.5 crore in H1 FY27. The JV, Goodworth Electronics, posted revenues of ₹623.8 crore in H1 FY27, with EBITDA of ₹22.7 crore.
PGEL is expanding its capacities, with two new facilities expected to commence commercial production in Q4 FY27. A new washing machine manufacturing facility in DMIC, Greater Noida, with a capacity of 1.8 million units per annum, is now operational. A new plastic component & Coolers facility at Salarpur, Bhiwadi, is also operational and will contribute from Q3 FY27.
The company's balance sheet shows total assets of ₹4,028.78 crore as of September 30, 2026, up from ₹3,547.44 crore as of September 30, 2025. Total Equity increased to ₹3,147.60 crore from ₹2,902.14 crore. Total Debt increased to ₹713.67 crore from ₹483.53 crore.
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