PG Electroplast Limited announced its Q1 FY27 results, reporting a substantial 35.2% year-on-year increase in consolidated revenues, reaching INR2,034 crore. This marks a historic milestone as the company surpassed the INR2,000 crore revenue mark for the first time. The Room AC and Washing Machine segments achieved their highest-ever quarterly sales, driven by both volume growth and price increases.
Record Revenue in Q1 FY27
PG Electroplast Limited has reported a robust financial performance for the first quarter of the financial year 2027 (Q1 FY27), with consolidated revenues soaring to INR2,034 crore. This represents a significant year-on-year growth of 35.2%, marking the first time in the company’s history that it has crossed the INR2,000 crore revenue threshold in a single quarter.
Key Growth Drivers
The strong performance was attributed to a combination of factors, including double-digit volume growth and a similar quantum of increase in Average Selling Price (ASP). The company’s Room Air Conditioner (RAC) and Washing Machine verticals were highlighted as key contributors, both posting their highest-ever quarterly sales. Product business played a crucial role, contributing 80% of sales and growing by 40.7% year-on-year.
Segment Performance
- Air Conditioners (AC): Grew by 38.1% to INR1,401 crore.
- Washing Machines: Increased by 67.2% to INR211 crore.
- Coolers: Saw a growth of 3.4%, reaching almost INR19 crore.
- Electronic Business: Expanded by 65.3% year-on-year, contributing 5.3% of revenues.
Capacity Expansion and New Facilities
The company also provided an update on its expansion initiatives. Its flagship washing machine manufacturing facility at DMIC, Greater Noida, has become operational, boasting a capacity of 1.8 million washing machines annually. Furthermore, the refrigerator facility at Sri City is progressing well, with commercial production targeted for Q4 of the current financial year, expected to be a significant revenue stream from FY28 onwards. A new compressor project at Supa is also on track for mass production by December-January.
Financial Highlights
- Consolidated Revenues: INR2,034 crore (up 35.2% Y-o-Y).
- EBITDA: INR156.2 crore (up 12.1% Y-o-Y).
- Net Profit: INR75.3 crore (up 12.9% Y-o-Y).
PG Electroplast Limited stated that it is a net cash company with healthy balance sheet, having cash and bank balances at INR491.3 crore.
Source: BSE
