PG Electroplast (PGEL) announced its unaudited financial results for the quarter ended June 30, 2026, reporting a record consolidated revenue of ₹2,034.0 crore, a substantial 35.2% increase year-over-year. The company also highlighted the commissioning of its new flagship washing machine manufacturing facility in Greater Noida, with a capacity of 1.8 million units per annum. EBITDA grew by 12.1% to ₹156.2 crore, and Net Profit rose by 12.9% to ₹75.3 crore.
PG Electroplast Reports Strong Q1 FY27 Performance
PG Electroplast Ltd. (PGEL) has announced its unaudited financial results for the first quarter of the fiscal year 2027 (Q1 FY27), ending June 30, 2026. The company achieved a landmark quarter with consolidated revenues crossing INR 2,000 crore for the first time in its history, reaching a total of INR 2,034.0 crore. This represents a significant year-over-year growth of 35.2%.
Key Financial Highlights
The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at INR 156.2 crore, showing a growth of 12.1% compared to INR 139.4 crore in the same quarter of the previous fiscal year (1QFY26). Net Profit for the quarter was reported at INR 75.3 crore, an increase of 12.9% from INR 66.7 crore in 1QFY26. These results indicate a positive trend in profitability and operational efficiency.
Operational Expansion and Segment Performance
PGEL’s 100% subsidiary, PG Technoplast, contributed INR 1,628.9 crore to the total revenue, with a healthy order book across all product categories. The product business formed 80.2% of total revenues in 1QFY27, growing by 40.7% YoY. Key segments within this business included ACs (growing 38.1% YoY to INR 1,401.4 crore), Washing Machines (growing 67.2% to INR 210.8 crore), and Coolers (growing 3.4% YoY to INR 18.9 crore).
The Electronics business saw a robust growth of 65.3% YoY, contributing 5.3% to total revenues. Plastic Moulding and components reported INR 294.55 crore, with a 7.5% YoY increase. Furthermore, the company’s 50:50 joint venture, Goodworth Electronics, posted revenues of INR 177.3 crore in 1QFY27 versus INR 147.5 crore in 1QFY26.
New Facility Commences Operations
A significant development for PGEL is the commencement of its flagship washing machine manufacturing facility, located in a new campus in DMIC, Greater Noida, Uttar Pradesh. This state-of-the-art plant is equipped with the capacity to manufacture 1.8 million washing machines per annum, significantly boosting the company’s production capabilities in this key segment.
Future Outlook and Strategic Priorities
Looking ahead, PGEL aims for industry-leading revenue growth, gradual margin expansion through operational efficiencies, and maintaining best-in-class capital efficiency. The company plans to continue investing in developing capabilities and capacities in existing and adjacent product segments. Several capacity projects initiated over the past year are progressing toward commercialization, including a refrigerator campus in Sri City, Andhra Pradesh, and an air conditioner compressor manufacturing plant in Supa, Maharashtra.
Source: BSE
