PG Electroplast Ltd
PG Electroplast Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #19 of 84 in Consumer Durables
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The short version
PG Electroplast expects robust growth driven by increased outsourcing trends in ACs, washing machines, and refrigerators, especially in price-sensitive mass segments like single-door direct cool refrigerators and semi-automatic washing machines. PG Electroplast expects medium to long-term growth driven by increasing outsourcing in AC manufacturing and rising market penetration in consumer durables.
From PG Electroplast Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- PG Electroplast expects robust growth driven by increased outsourcing trends in ACs, washing machines, and refrigerators, especially in price-sensitive mass segments like single-door direct cool refrigerators and semi-automatic washing machines.
- For FY '26, they maintain a full-year AC volume growth guidance of about 15%-17%, despite 27% growth in first 9 months, anticipating peak season acceleration in Q4.
- Medium-term outlook (3-5 years) is optimistic, foreseeing significant market penetration growth similar to China, with plans for substantial capacity expansions (e.g., 50-60 lakh ACs in future).
- The company targets a fixed asset turnover of ~4x as capex of INR 700-750 crores materializes, supporting revenue growth.
2 more points from PG Electroplast Ltd's call on revenue
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Profitability & Margins
See what PG Electroplast Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- PG Electroplast has earmarked a total capex of INR 750 crores.
- INR 300 crores allocated for the refrigerator facility in Southern India (Sricity), expected operational by Q4 FY '27.
- INR 200 crores spent on washing machine capacity and new campus in Greater Noida, nearing commercial production.
- A new 10-acre campus in Bhiwadi is being developed for plastic molding and sanitary ware, expected operational by this quarter-end.
- Ongoing capex for AC manufacturing in Supa and Bhiwadi are ready, contributing from Q4.
- Land acquisition: 72-acre parcel in Supa (INR 84 crores spent) for future construction likely to start next year.
2 more points from PG Electroplast Ltd's call on capex
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Top-ranked in Consumer Durables
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what PG Electroplast Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The company has healthy order books and is making ACs as per plan (Page 6, 16).
- Despite higher channel inventory, they continue to have a good order book with an expectation to achieve 18%-20% growth in the AC business for the full year (Page 6).
- For POS devices, models are under testing and evaluation with Indian customers, with order book visibility expected in 1 to 2 months (Page 17).
2 more points from PG Electroplast Ltd's call on order book
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PG Electroplast Ltd — Quarterly revenue & net profit
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 →Continue your research
What PG Electroplast's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q1 FY24 earnings call →
Others in Consumer Durables this season
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- La Opala RG (Q3 FY26)
Year-on-Year (Y-o-Y) change in revenue: -7.44% . Key investor presentation takeaways from La Opala RG Ltd's Q3 FY26 investor presentation — and how it ranks aga
- Global Surfaces (Q3 FY26)
Q3-FY26 revenue from operations: INR 593 Mn (28.6% YoY increase from INR 461 Mn in Q3-FY25) [Page 22] . Key investor presentation takeaways from Global Surfaces
- PC Jeweller (Q3 FY26)
875 crores, up 37% YoY from Rs. Key investor presentation takeaways from PC Jeweller Ltd's Q3 FY26 investor presentation — and how it ranks against sector peers
Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were PG Electroplast Ltd Q3 FY26 results?
PG Electroplast expects robust growth driven by increased outsourcing trends in ACs, washing machines, and refrigerators, especially in price-sensitive mass segments like single-door direct cool refrigerators and semi-automatic washing machines. PG Electroplast expects medium to long-term growth driven by increasing outsourcing in AC manufacturing and rising market penetration in consumer durables.
What is PG Electroplast Ltd share price analysis?
PG Electroplast Ltd currently shows a neutral. The stock trades at a P/E of 88.0 with a market cap of ₹17,291 Cr. Investors should review the full earnings analysis for detailed insights.
Is PG Electroplast Ltd planning capital expenditure?
PG Electroplast has earmarked a total capex of INR 750 crores.
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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.