PG Electroplast Ltd delivered robust third-quarter results that reinforced management's confidence in future performance. According to reports from CNBC TV18, the company reported a 50% year-on-year jump in net profit to ₹60.3 crore for Q3, while revenue rose 45.9% to ₹1,412 crore. The strong performance was driven by the company's product business, which contributed 80.7% of total revenues and grew 72.4% year-on-year. EBITDA increased 37.4% to ₹117 crore, though margins narrowed to 8.3% from 8.8% a year ago.
The company's product business emerged as the primary growth driver, with revenues expected to grow 17-21% to ₹4,140-4,280 crore in FY26, up from ₹3,526 crore in FY25. As reported by CNBC TV18, this growth was driven by continued strength in washing machines, room air conditioners and coolers. During the quarter, the room air conditioner business grew 80.5%, aided by channel filling ahead of BEE rating changes, while the washing machine segment recorded a 45.1% increase. PGEL's wholly owned subsidiary, PG Technoplast, clocked revenues of ₹1,067 crore in Q3FY26, underscoring the scale-up in manufacturing operations.
PG Electroplast maintained its full-year guidance for FY26, signalling confidence in demand visibility and execution. According to reports from CNBC TV18, the company expects consolidated revenues to come in at ₹5,700-5,800 crore for FY26, implying a growth of 17-19% over FY25. Net profit is guided at ₹300-310 crore, representing a growth of 3-7% over FY25 levels. Including Goodworth Electronics, total group revenues are projected at ₹6,550-6,650 crore, with Goodworth alone expected to contribute ₹850 crore. The company's balance sheet remains resilient and largely debt-free, with RoCE at 18.6% and net fixed asset turns at 6.03x over the trailing twelve months.
Shares of PG Electroplast closed 4.07% higher on the NSE at ₹563.55, gaining ₹22.05 ahead of the earnings announcement. Chairman Anurag Gupta commented that the product business delivered robust growth despite a challenging operating environment, with strong momentum in key categories such as room air conditioners and washing machines. According to CNBC TV18, the company continues to invest in new capabilities, capacity expansion and product development to strengthen long-term competitiveness. Management indicated plans to continue investing in capacity enhancement to support future growth, with the company maintaining its focus on key product categories that drove the strong quarterly performance.
