Pearl Global Industries reports a strong 9M FY26, with revenue reaching INR 3,711 crore, a 13% increase year-over-year. This growth is attributed to strong sales of high-value-added products in Vietnam and Indonesia. The company’s EBITDA margin stands at approximately 9.0%. They also noted an improvement in their credit profile, and their long term rating has been upgraded.
Financial Performance in 9M FY26
Pearl Global Industries has announced impressive financial results for 9M FY26, with revenue reaching INR 3,711 crore, reflecting a substantial 13.2% year-over-year growth. This growth was primarily fueled by increased sales of high-value-added products in Vietnam and Indonesia. The adjusted EBITDA (excluding ESOP expense) stood at INR 333 crore, up by 14.0% year-over-year, with an EBITDA margin of approximately 9.0%. Profit after tax grew to INR 189 crore, up 14.0% year-over-year.
Q3 FY26 Results
The company’s revenue for Q3 FY26 reached INR 1,170 crore, reflecting a 14.4% year-over-year growth. Adjusted EBITDA (excluding ESOP expense) for the quarter was INR 97 crore, an increase of 4.4% year-over-year, with a margin of 8.3%. PAT grew to INR 52 crore, up 6.8% year-over-year.
Standalone Financial Performance for 9M FY26
Standalone revenue stood at INR 777 crore. The adjusted EBITDA (excluding ESOP expense) reached INR 43 crore, demonstrating a significant growth of 63.7% year-over-year. Profit after tax reached INR 55 crore compared to INR 32 crore in 9M FY25.
Q3 FY26 Standalone Results
Revenue for the quarter stood at INR 246 crore. Adj. EBITDA stood at INR 13 crore, with an EBITDA margin of 5.1%. The profit after tax was recorded at INR 14 crore, compared to INR 4 crore in Q3 FY25.
Operational Highlights and Outlook
The company has achieved a notable improvement in its credit profile, with the long-term rating upgraded from [ICRA] BBB (Stable) to [ICRA] A+ (Stable) in 2026. The company anticipates significant momentum in its India operations following the reduction of U.S. tariffs to 18%. This trade agreement is expected to enhance profitability and support sustained top-line growth. Bangladesh is also poised for continued growth, with capacity expansion plans on track for completion by Q2 FY27.
Source: BSE
