PIGL Q3 FY26: Income surges 43% to ₹48.89 Cr, EBITDA up 38% to ₹6.16 Cr
Power & Instrumentation (Gujarat) Limited reported Q3 FY26 results with consolidated income up 43.18% to ₹48.89 Cr and EBITDA up 38% to ₹6.16 Cr. Standalone income rose 31.26% to ₹44.82 Cr. The company secured a ₹102.78 Cr order from Ajmer Vidyut Vitran Nigam Limited and a ₹21.39 Cr order from ATS Techno Limited.
The substantial increase in revenue and profit, coupled with the acquisition of large new orders, suggests a strong positive impact on the company's financial performance and future prospects.
The company reported significant year-on-year growth in total income and EBITDA for both the quarter and nine months ended December 31, 2025. Additionally, securing substantial new orders indicates positive business momentum.
Power & Instrumentation (Gujarat) Limited (PIGL) has announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported a robust performance, with consolidated total income for Q3 FY26 jumping 43.18% year-on-year to ₹48.89 crore, compared to ₹34.14 crore in Q3 FY25. EBITDA saw a significant increase of 37.83% to ₹6.16 crore from ₹4.47 crore in the prior-year period. Net profit for the quarter rose by 11.96% to ₹3.57 crore.
For the nine-month period ended December 31, 2025, consolidated total income grew by 39.23% to ₹161.35 crore, while EBITDA increased by 24.86% to ₹17.68 crore. Net profit for the nine months was ₹10.91 crore, up 21.85% from the previous year.
On a standalone basis, total income for Q3 FY26 increased by 31.26% to ₹44.82 crore. Standalone EBITDA rose by 17.57% to ₹5.25 crore, and net profit grew by 13.92% to ₹3.28 crore.
Mr. Padmaraj Padmnabhan Pillai, Managing Director, expressed satisfaction with the performance, highlighting disciplined execution, operational efficiency, and prudent cost management. He also mentioned securing significant EPC and infrastructure orders, including a large-scale electrification project and an industrial development contract, which enhance the company's order book and revenue visibility. The company's subsidiary also received approval for 11 kV segregated phase busduct systems.
Key operational highlights include a ₹102.78 crore turnkey contract from Ajmer Vidyut Vitran Nigam Limited for a distribution infrastructure project under the DA-JGUA scheme, to be executed within fifteen months. Additionally, PIGL secured a ₹21.39 crore order from ATS Techno Limited for a factory shed project, to be executed within 12 months. PIGL's subsidiary, Peaton Electricals Company Limited, received approval from CPRI for its 11 kV segregated phase busduct systems.
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