PGEL Q2FY27 Revenue up 42.5% YoY to ₹933.88 Crore, Net Income ₹13.67 Crore
PG Electroplast Ltd. reported Q2FY27 revenues of ₹933.88 crore, up 42.5% YoY. Net Income rose to ₹13.67 crore from ₹2.76 crore. 1HFY27 revenue crossed ₹2,950 crore for the first time. The company expects commercial production from two new facilities in 4QFY27. PGEL ended 1HFY27 with over ₹422 crore in cash.
The announcement details robust financial performance with significant YoY growth in key metrics like revenue and net income. The commencement of new manufacturing facilities and the company's record half-yearly revenue crossing a significant threshold are material events that will likely impact investor sentiment and the company's future prospects.
The company reported strong year-on-year growth in revenues and net income, along with significant EBITDA improvement. Expansion projects are on track, and the company ended the half-year with healthy cash reserves, indicating a positive financial performance and outlook.
PG Electroplast Ltd. (PGEL) announced its unaudited financial results for the quarter ended September 30, 2026, reporting a significant year-on-year growth. Revenues for the quarter stood at ₹933.88 crore, marking a 42.5% increase. EBITDA grew by 54.8% YoY to ₹69.14 crore, compared to ₹44.68 crore in the same period last year. Net Income for the quarter was ₹13.67 crore, a substantial rise from ₹2.76 crore in 2QFY26.
For the half-year ended September 30, 2026, PGEL recorded Net Sales of ₹2967.83 crore, a 37.4% YoY growth. EBITDA for the half-year was ₹255.37 crore, up from ₹184.10 crore in 1HFY26. Net Income for the half-year stood at ₹89.88 crore, compared to ₹69.74 crore in the previous year. This period marked a significant milestone with consolidated half-yearly revenues crossing ₹2,950 crore for the first time.
The company's subsidiary, PG Technoplast, reported revenues of ₹2,130.5 crore. The product business contributed 70.3% of total revenues in 1HFY27, with AC business growing 36.2% YoY to ₹1,561.1 crore, Washing Machines business up 60.7% to ₹504.8 crore, and Coolers at ₹19.2 crore. The Electronics business grew 90.3% YoY, contributing 12.1% of total revenues. Plastic Moulding and components contributed ₹521.6 crore, a 7.5% YoY growth. The 50:50 JV, Goodworth Electronics, posted revenues of ₹623.8 crore with EBITDA of ₹22.7 crore.
PGEL is progressing on its capex plans for new manufacturing facilities and backward integration. Two new facilities are expected to commence commercial production in 4QFY27. The flagship Washing Machine manufacturing facility in Greater Noida is now operational with a capacity of 1.8 million units per annum. A new plastic component and Coolers facility at Salarpur, Bhiwadi is also operational and will contribute from 3QFY2027. Gross contribution percentage softened YoY due to elevated commodity prices, but raw material cost increases have been fully passed through to customers. The company ended 1HFY27 with over ₹422 crore in cash and cash equivalents.
Looking ahead, PGEL aims for industry-leading revenue growth, gradual margin expansion through operational efficiencies, and best-in-class capital efficiency. Several capacity projects, including a refrigerator campus in Sri City, an air conditioner compressor manufacturing plant in Supa, and a facility for plastic components, tooling, and coolers in Salarpur, are progressing toward commercialization and are expected to come online through FY27.
What to do with a filing like this
PG Electroplast Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by PG Electroplast Limited. Read the original for the full detail.