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PG Electroplast

Q2 FY26

PG Electroplast Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹521
Market cap₹14.9K Cr
P/E72.6
Updated16 Oct 2026
Read4 min read

The short version

Full-year revenue guidance for FY '26 is maintained at Rs. PG Electroplast expects a more measured growth in FY '26, using the year to consolidate and focus on operational efficiency and capacity investments. - Full-year revenue guidance is maintained at Rs.

From PG Electroplast's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • Full-year revenue guidance for FY '26 is maintained at Rs. 5,700-Rs. 5,800 crores; consolidated sales expected to cross Rs. 6,550-Rs. 6,650 crores including joint ventures.
  • AC business volume growth: Expecting about 15% growth in the second half of FY '26, supported by wallet share gains and brands gaining market share.
  • Washing machine business: Targeting 15% revenue contribution in medium term, up from current 11%-12%; capacity expanded with optimistic volume growth outlook.
  • New capacity plans: AC split capacity to increase from 3.5 lakh to 4.25 lakh units/month; cooler capacity to add 25,000 units/month next year.
  • Expect seasonal demand pickup from January-February onwards, helped by GST cuts and new energy rating changes.

2 more points from PG Electroplast's call on revenue

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Profitability & Margins

See what PG Electroplast said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • FY '26 CAPEX planned between Rs. 700-Rs. 750 crores, focusing on:
  • Rs. 300-350 crores for refrigerator plant in Sri City (Andhra Pradesh).
  • Rs. 100 crores spent on washing machine capacity expansion in Greater Noida.
  • Rs. 200 crores for RAC (Room Air Conditioner) business split between Supa and Bhiwadi.
  • Additional CAPEX in Bhiwadi for tooling, coolers, and specialized plastic molding.
  • Long-term plan includes Rs. 1,000 crores CAPEX MoU with Maharashtra government over 4-5 years starting FY '27 for large land acquisition and infrastructure.
  • Refrigerator plant in Andhra Pradesh on a 54-acre site with Rs. 350 crores CAPEX in phase one, aiming to start production by Q4 FY '27.

2 more points from PG Electroplast's call on capex

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Fundraising & Capital Structure

See what PG Electroplast said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • The company has firm and committed orders from clients, providing confidence in achieving the second half revenue and profit guidance.
  • Visibility for H2 is based on the existing order book from clients, which supports the optimism for volume growth and dispatches starting pickup by December and continuing into Q1 next year.
  • The order book is strong enough to maintain the company's revenue and profitability guidance despite industry challenges.
  • The company expects a decent volume pickup due to wallet share gains and new client additions in washing machines and AC segments.

PG Electroplast — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹934 Cr, net profit ₹14 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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What PG Electroplast Ltd's management said in earlier quarters

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Frequently Asked Questions

What were PG Electroplast Q2 FY26 results?

Full-year revenue guidance for FY '26 is maintained at Rs. PG Electroplast expects a more measured growth in FY '26, using the year to consolidate and focus on operational efficiency and capacity investments. - Full-year revenue guidance is maintained at Rs.

What is PG Electroplast share price analysis?

PG Electroplast currently shows a neutral. The stock trades at a P/E of 72.6 with a market cap of ₹14,941 Cr. Investors should review the full earnings analysis for detailed insights.

Is PG Electroplast planning capital expenditure?

FY '26 CAPEX planned between Rs.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.