Pearl Global Industries reported robust financial results for 9MFY26, with revenue up by 13.2% to ₹3,711 crore and EBITDA increasing by 14.0% to ₹333 crore. The company’s performance was primarily driven by strong growth in its Vietnam and Indonesia operations. Furthermore, the company’s credit ratings have been upgraded, reflecting improved financial health and growth prospects. The company also declared a dividend from its subsidiaries.
Financial Performance Highlights
Pearl Global Industries announced a strong financial performance for the nine months ended December 31, 2025 (9MFY26):
- Revenue: Increased by 13.2% year-over-year to ₹3,711 crore, driven by high value-added product sales growth in Vietnam and Indonesia.
- EBITDA: Rose by 14.0% year-over-year to ₹333 crore, with margins at approximately 9.0%. Excluding certain tariff impacts and ramp-up costs, the adjusted EBITDA margin stood at 10.1%.
Standalone Performance
The company’s India standalone operations also showed resilience:
- Standalone revenue for 9MFY26 reached ₹777 crore.
- Adjusted EBITDA margin increased from 3.3% to 5.5%.
Credit Rating Upgrade
Pearl Global Industries has received an upgrade in its credit ratings from ICRA, reflecting improved financial stability and growth prospects:
- Long-term credit rating upgraded to [ICRA] A+ (Stable) from [ICRA] A (Stable).
- Short-term credit rating upgraded to [ICRA] A1+ from [ICRA] A1.
This upgrade is attributed to healthy performance, diversified manufacturing presence, and a shift towards an asset-light model.
Dividend Income
Pearl Global Industries received a total dividend of approximately ₹43 crore in 9MFY26 from its subsidiaries in Bangladesh and Hong Kong, demonstrating the fungibility of cash across the group.
Source: BSE
