PG Electroplast (PGEL) announced strong Q3 FY2026 results, demonstrating robust growth despite market challenges. Revenue increased by 45.9% year-over-year to INR 1,412.13 crores. The company’s product business, especially in room air conditioners and washing machines, continues to drive growth. PGEL anticipates continued growth, with significant investments planned for capacity expansion and capability enhancement.
Financial Performance Highlights
PG Electroplast reported notable financial results for the quarter ended December 31, 2025:
- Operating Revenues reached INR 1,412.13 crores, a substantial increase of 45.9% year-over-year.
- EBITDA for the quarter was INR 126.11 crores, compared to INR 92.37 crores in Q3 FY2025, representing a 36.5% growth.
- Net profit stood at INR 60.31 crores, a significant rise from INR 40.14 crores in the same quarter last year, marking a growth of 50.3%.
Nine-Month Performance
The company’s performance for the nine months ended December 31, 2025, also showed positive trends:
- Net Sales for the period reached INR 3571.35 crores, indicating a growth of 20.7% year-over-year.
- EBITDA amounted to INR 310.21 crores, compared to INR 287.44 crores in 9M FY2025, reflecting a growth of 7.9%.
- Net Profits were reported at INR 129.40 crores, versus INR 144.53 crores in the prior comparable period.
Key Growth Drivers
The company’s strong performance in Q3 FY2026 was fueled by robust growth in its product business:
- Consolidated Revenues were INR 1,412 crores, supported by product business sales of INR 1,140 Crores.
- PGEL’s subsidiary, PG Technoplast, recorded revenues of INR 1,067 crores during the quarter.
- The RAC (Room Air Conditioner) business saw substantial growth, posting an increase of 80.5%.
- The Washing Machine business also experienced growth, with an increase of 45.1%.
- The product business contributed 80.7% of the total revenues in Q3FY2026.
Future Outlook & Guidance
PG Electroplast anticipates continued growth and has set the following targets for FY2026:
- Consolidated Revenues are expected to be in the range of INR 5,700–5,800 crores, which implies a growth of 17% to 19%.
- Net Profit Guidance is set at INR 300-310 crores, projecting a growth of 3%-7%.
- Goodworth Electronics is expected to achieve revenues of INR 850 crores, leading to total group revenues between INR 6,550-6,650 crores.
- The product business is expected to grow by 17%-21%, reaching INR 4,140-4,280 crores.
The company plans to invest INR 700–750 crores in capital expenditures to fund new projects, including facilities for plastic components and coolers in Rajasthan, washing machines in Greater Noida, refrigerator campus in South India and expanded AC capacity in West India.
Source: BSE
