PG Electroplast Ltd reported Q3 FY26 revenue of ₹1,412 Cr, up 45.2% YoY and 115% QoQ. EBITDA stood at ₹116 Cr, up 37.2% YoY, while PAT came in at ₹60 Cr, up 50% YoY. Margins saw pressure at the gross and EBITDA level due to a market share expansion strategy and higher inventory. A shift to SAP reclassified certain raw materials as consumables, impacting gross margins, though other expenses adjusted accordingly.
For 9M FY26, revenue stood at ₹3,571 Cr, up 20.7% YoY. EBITDA declined 1.5% to ₹268 Cr and PAT fell 10.5% to ₹129 Cr. The company has maintained FY26 revenue guidance of ₹5,700–5,800 Cr with a profit target of around ₹300 Cr.
RAC grew 80.5% YoY in Q3 to ₹932.5 Cr, with an estimated 11–12% AC manufacturing market share in India. Washing machine sales rose 45% YoY. The Goodworth Electronics JV delivered ₹670 Cr revenue in 9M. A new refrigerator plant in Sri City is under development.
Total planned capex stands at ₹700–750 Cr to build multi product hubs across India.
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