PG Electroplast Limited held its Q2 FY27 earnings conference call on October 28, 2026, discussing financial performance and business outlook. The company reported consolidated revenues of ₹934 crore for the quarter, a 42.5% year-on-year increase. EBITDA grew by 54.8% to ₹69.14 crore, with a net income of ₹13.67 crore. The call highlighted strong sales in the Room AC and electronics segments, and discussed expansion plans for manufacturing facilities.
PG Electroplast Q2 FY27 Earnings Conference Call Highlights
On October 28, 2026, PG Electroplast Limited convened its Q2 FY27 earnings conference call, presenting a robust financial performance and detailing future growth strategies. The company reported consolidated revenues of ₹934 crore for the quarter, marking a significant 42.5% year-on-year growth. EBITDA saw a substantial increase of 54.8%, reaching ₹69.14 crore, with an EBITDA margin of 7.4%. Net income for the quarter stood at ₹13.67 crore, a notable jump from ₹2.76 crore in the same period last year.
Segmental Performance and Growth Drivers
The product business contributed 70.3% of the total sales revenue, with a year-on-year growth of 41.1%. The Air Conditioner (AC) business demonstrated strong performance with a growth of 36.2%, contributing ₹1,561 crore to sales in the first half. Washing machines also achieved impressive growth of 60.7%, crossing ₹500 crore in sales. The electronics business experienced exceptional growth of 90.3%, accounting for 12% of the first half revenues. Plastic molding and components contributed ₹521.6 crore with a 7.5% growth.
The company highlighted that for the first half of FY27, consolidated revenues crossed ₹2,950 crore for the first time. The Room AC and washing machine verticals posted their highest ever first half sales, driven by a combination of volume growth and price increases, with double-digit volume growth and a similar quantum of ASP increase. The order book remains healthy across all product lines.
Strategic Initiatives and Capacity Expansion
PG Electroplast is operationalizing its new campus at Salarpur, Bhiwadi, which will house facilities for coolers, sanitaryware, plastic components, and mold making. The refrigerator facility at Sri City is progressing well and is targeted for commercial production in the last quarter of the current financial year, with a planned capacity of 1.2 million units. The compressor project at Supa is on track for mass production within this financial year, with a target of 2 million capacity coming online.
Strategic priorities for the year include R&D, new product development, backward integration, and capability enhancement. The company is focused on scaling up new initiatives and restoring profitability. Discussions are underway for technology for refrigerator compressors, with a decision to be made after production stabilizes.
Outlook and Guidance
For the full year, the company expects about 20% volume growth for the Room AC business. The overall volume growth for the year is guided at 20%-25%. The company anticipates a strong second half of the financial year, with potential for better margins due to seasonal factors and operating leverage. Price increases are being implemented quarterly to counter commodity price fluctuations, with further adjustments planned from January onwards.
The electronics business is expected to contribute significantly to the full-year sales, with an estimated range of ₹550-₹600 crore. Incentives are expected to contribute approximately ₹70 crore for the full year, with additional state incentives secured.
Source: BSE
