PG Electroplast announced a strong performance in 1Q FY27, with consolidated quarterly revenues crossing ₹2,000 crore for the first time in its history. The company reported a significant 40.7% YoY growth in its product business, driven by robust increases in the AC and Washing Machines segments. The Electronics business also saw substantial growth. PG Electroplast maintains a net cash position and is focused on controlling expenses and enhancing capital efficiency for FY27.
PG Electroplast Reports Record Revenue in 1Q FY27
PG Electroplast Limited (PGEL) has achieved a significant milestone in the first quarter of the financial year 2027 (1Q FY27), with consolidated quarterly revenues surpassing ₹2,000 crore. This marks the first time the company has reached this revenue threshold in its history, indicating a period of strong growth.
Key Business Segment Performance
The company’s product business was a primary driver of this growth, contributing 80.2% of total revenues and registering a substantial 40.7% Year-on-Year (YoY) increase. Within this segment, the Air Conditioner (AC) business experienced a notable 38.1% YoY growth, reaching ₹1401.4 crore in 1Q FY27. The Washing Machines business also showed impressive performance, growing by 67.2% YoY to achieve revenues of ₹210.8 crore. The Coolers segment saw a marginal increase of 3.4% YoY to ₹18.9 crore.
The Electronics business demonstrated strong momentum with a 65.3% YoY growth, contributing 5.3% to the total revenues. The Plastic Moulding and components division also posted growth, contributing ₹294.55 crore with a 7.5% YoY increase.
Financial Highlights and Strategic Focus
PGEL’s 50:50 joint venture, Goodworth Electronics, reported revenues of ₹177.3 crore in 1Q FY27, an increase from ₹147.5 crore in 1Q FY26, with EBITDA growing to ₹6.3 crore from ₹4.3 crore YoY.
Gross contribution as a percentage of sales softened YoY due to elevated commodity prices, though input cost increases have been partially passed on to customers. The company ended 1Q FY27 with Cash & Bank Balances at ₹491.3 crore, maintaining a net cash position.
Looking ahead to FY27, PG Electroplast is prioritizing expense control, long-term resilience, and enhancing capital efficiency. Strategic priorities include a focus on R&D, new product development, backward integration, and capability enhancement.
Source: BSE
