Pearl Global Industries Limited announced its unaudited financial results for the half year and quarter ended September 30, 2026. The company achieved its highest-ever half-yearly revenue of INR 3,330 crore, a 31.1% increase year-on-year. Consolidated PAT grew by 63.6% to INR 225 crore. For the quarter, revenue stood at INR 1,802 crore, up 37.2%, with PAT at INR 126 crore, up 74.7%. A new manufacturing facility in Bangladesh was also inaugurated.
Pearl Global Reports Record Financial Performance
Pearl Global Industries Limited (PGIL) has announced its unaudited financial results for the half year and quarter ended September 30, 2026. The company reported its strongest-ever half-yearly and quarterly performance, driven by robust revenue growth and improved profitability.
Consolidated Financial Highlights for H1FY27
For the half year ended September 30, 2026 (H1FY27), Pearl Global recorded a revenue of INR 3,330 crore, marking the highest ever half-yearly revenue and representing a growth of 31.1% year-on-year. Adj. EBITDA (excluding ESOP expense) increased by 47.7% to INR 348 crore. The EBITDA margin stood at 10.5%, showing an expansion of approximately 120 basis points year-on-year. Profit After Tax (PAT) grew by 63.6% to INR 225 crore.
Consolidated Financial Highlights for Q2FY27
In the second quarter of FY27 (Q2FY27), revenue reached INR 1,802 crore, the highest ever quarterly revenue, with a growth of 37.2% year-on-year. Adj. EBITDA (excluding ESOP expense) saw a substantial rise of 51.1% to INR 184 crore. The EBITDA margin for the quarter was 10.2%, an improvement of approximately 90 basis points year-on-year. PAT for the quarter was INR 126 crore, up by 74.7%.
Standalone Financial Highlights
On a standalone basis, for H1FY27, revenue stood at INR 648 crore, growing by 22.1% year-on-year. Adj. EBITDA was INR 32 crore with an EBITDA margin of 4.9%, and PAT was INR 29 crore. For Q2FY27 standalone, revenue was INR 308 crore (16.8% growth), Adj. EBITDA was INR 9 crore with an EBITDA margin of 3.0%, and PAT was INR 16 crore.
Balance Sheet and Other Highlights
Networth as of September 30, 2026, was INR 1,634 crore, an increase from INR 1,438 crore as of March 31, 2026. Cash and Bank Balance (excluding funds earmarked for LC payments) stood at INR 534 crore, with total investments in mutual funds amounting to INR 104 crore, bringing the total to INR 638 crore.
The company shipped 43.6 million pieces in H1FY27, up from 37.1 million pieces in H1FY26. Pearl Global declared an interim dividend of INR 5.0 per equity share. Additionally, the company inaugurated a new manufacturing facility in Bangladesh, which is expected to add approximately 7 million pieces of annual capacity.
Management Commentary
Mr. Pulkit Seth, Vice-Chairman & Non-Executive Director, commented on the results, highlighting the record performance driven by robust revenue and improved profitability. He also noted the strategic importance of the new manufacturing facility in Bangladesh, strengthening the global sourcing platform. The company plans to invest INR 675-725 crore between FY27 and FY30 to strengthen supply chain integration and operational efficiencies, aiming for an aspirational revenue target of INR 9,000-10,000 crore by FY30. An interim dividend of INR 5.0 per equity share was declared, reflecting a commitment to shareholder value.
Mr. Pallab Banerjee, Managing Director, added that the results reflect an execution-led growth strategy, with broad-based growth across the business. He emphasized the evolving trade landscape and incremental opportunities for Indian apparel exporters, particularly following the conclusion of the India-UK Free Trade Agreement and the proposed India-EU Free Trade Agreement.
Source: BSE
