PGEL Q1FY27 Revenue Surges 35.2% YoY to ₹2,034 Crore; Net Profit Up 12.9%
PG Electroplast Ltd. reported Q1FY27 revenues of ₹2,034.0 crore, up 35.2% YoY. Net profit increased 12.9% to ₹75.3 crore. Consolidated revenues crossed ₹2,000 crore for the first time. New washing machine facility operational. Capacity projects in Sri City, Supa, and Salarpur progressing.
The announcement details substantial revenue growth, a historical revenue milestone, operationalization of a new key facility, and progress on significant future capacity expansion projects, all of which are material to the company's performance and outlook.
The company reported strong year-on-year growth in revenues and net profit, crossed a significant revenue milestone, and highlighted operational progress and future growth opportunities.
PG Electroplast Ltd. (PGEL) announced its unaudited financial results for the quarter ended June 30, 2026, reporting a significant year-on-year growth. Revenues stood at ₹2,034.0 crores, marking a 35.2% increase from the previous year. EBITDA grew by 12.1% to ₹156.2 crores, compared to ₹139.4 crores in the first quarter of FY26. Net profit for the quarter was ₹75.3 crores, an increase of 12.9% from ₹66.7 crores in the same period last year.
This quarter marked a milestone for PGEL as consolidated quarterly revenues surpassed ₹2,000 crores for the first time. The company's subsidiary, PG Technoplast, contributed ₹1,628.9 crores to the revenue. The product business accounted for 80.2% of total revenues, with the AC business growing 38.1% YoY to ₹1,401.4 crores, Washing Machines up 67.2% to ₹210.8 crores, and Coolers up 3.4% YoY to ₹18.9 crores. The Electronics business saw a 65.3% YoY growth, contributing 5.3% of total revenues. Plastic Moulding and components contributed ₹294.55 crores, a 7.5% YoY increase. The joint venture, Goodworth Electronics, posted revenues of ₹177.3 crores with EBITDA of ₹6.3 crores.
PGEL's new washing machine manufacturing facility in Greater Noida, with a capacity of 1.8 million units per annum, has become operational. Managing Director – Operations, Vikas Gupta, highlighted the landmark quarter and the industry's recovery, emphasizing PGEL's focus on product innovation, capital-efficient expansion, and deepening client partnerships. The company is committed to building a resilient, high-performing organization.
Gross contribution as a percentage softened YoY due to elevated commodity prices, though per-unit economics remained stable, with increases partially passed through to customers. Cash and bank balances stood at ₹491.3 crores, and the company returned to a net cash position. Strategic priorities include R&D, new product development, backward integration, and capability enhancement. Several capacity projects, including a refrigerator campus in Sri City, an air conditioner compressor plant in Supa, and a facility for plastic components in Salarpur, are progressing towards commercialization and expected to come online through FY27.
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