PG Electroplast posted a net profit of ₹14 crore for the July-September quarter (Q2 FY27), marking a 353% increase from ₹3 crore in the same period last year. The company's revenue from operations rose 43% to ₹934 crore, reflecting strong business growth.
- Net profit increased over fourfold to ₹14 crore in Q2 FY27.
- Revenue from operations rose 43% to ₹934 crore.
- EBITDA doubled to ₹60 crore with margin expanding to 6.4%.
- Half-year revenue crossed ₹2,950 crore for the first time.
- Expansion projects are on schedule, with new facilities expected by Q4 FY27.
- Strong cash position with ₹422 crore in cash and equivalents.
What are the key financial highlights for PG Electroplast in Q2 FY27?
PG Electroplast reported a consolidated net profit of ₹14 crore for Q2 FY27, a 353% increase compared to ₹3 crore in Q2 FY26. Revenue from operations increased by 43% to ₹934 crore from ₹655 crore in the previous year. The company’s EBITDA rose to ₹60 crore from ₹30 crore, and the EBITDA margin expanded to 6.4% from 4.5% year-on-year.
How did PG Electroplast perform in the first half of FY27?
For the first half of FY27, PG Electroplast achieved consolidated revenue exceeding ₹2,950 crore, the highest in its history. The company maintained a healthy and liquid balance sheet, holding over ₹422 crore in cash and cash equivalents. Advances for capital expenditure are complete, and working capital requirements are secured for the second half of FY27.
What factors affected the company’s profit margins?
The company noted that gross contribution as a percentage softened year-on-year due to elevated commodity prices. Since pricing is typically based on per-unit rupee margins, rising raw material costs reduce margin percentages even though per-unit economics remain stable. PG Electroplast has fully passed increased raw material costs to customers.
Which business segments contributed to revenue growth?
The product business contributed 70% of total revenue in H1 FY27, growing 41% year-on-year. The air conditioner segment grew 36% to ₹1,561 crore, washing machines increased 60.7% to ₹504.8 crore, and coolers rose 4.8% to ₹19.2 crore. The electronics business jumped 90.3% and accounted for 12.1% of total revenue. The plastic molding and components segment grew 7.5% to ₹521.6 crore.
What is the status of PG Electroplast’s expansion projects?
All expansion projects are progressing as planned. The company expects to begin commercial production from two new manufacturing facilities in the fourth quarter of FY27. These projects are part of PG Electroplast’s long-term strategy to increase capacity, improve operational capabilities, and strengthen supply chain control.
What did the company’s leadership say about future plans?
Vishal Gupta, Managing Director—Finance, emphasized ongoing progress on capital expenditure plans for new facilities and backward integration. He highlighted the focus on disciplined execution, prudent capital allocation, and aligning investments with long-term business priorities.
How have PG Electroplast’s shares performed recently?
On October 28, 2026, PG Electroplast shares traded at ₹534.3 on the National Stock Exchange, up 6.74%. Since the start of the year, shares have declined 8%. Over the past month, the stock gained 5%, but it fell 5% in the past six months. The 52-week high was ₹644.40 on January 5, 2026, and the low was ₹436.55 on April 6, 2026. The company’s market capitalization stood at ₹15,325.73 crore as of October 28, 2026.
