PG Electroplast Q3 FY26 Powers Up: ₹1,412 Cr Revenue (+46% YoY), ₹62 Cr PAT (+50%)

PG Electroplast Ltd (PGEL), a top EMS player in consumer electronics/appliances, delivered stellar Q3 FY26 results on Feb 2, 2026, with revenue surging 45.9% YoY to ₹1,412 Cr. PAT climbed 50.3% to ₹62 Cr, EBITDA 36.5% to ₹126 Cr (margin 8.9%).
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Product business, backward integration, and capacity ramps fueled growth; subsidiary PG Technoplast crossed ₹2,573 Cr 9M revenue. Raw materials at 81.9% reflect scale, employee costs dipped to 5.6%.

Q2 FY26 saw profit plunge 86% YoY to ₹2.76 Cr on ₹655 Cr sales (margin erosion); 9M sales ₹3,571 Cr (+21%). FY26 guidance reaffirmed: ₹5,700-5,800 Cr revenue (+17-19%), PAT ₹300-310 Cr, ROCE 23.5%.
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Capex on track for R&D/new products; shares ~₹840 post-results. Amid AC slowdown, PGEL's diversification shines.​

Key Highlights

• Revenue: ₹14.12 Bn (+45.9% YoY from ₹9.68 Bn).
• EBITDA: ₹1.26 Bn (+36.5% YoY, margin 8.9%).
• PAT: ₹62 Cr (+50.3% YoY).
• 9M Sales: ₹35.71 Bn (+20.7% YoY).
• Raw Material Cost: 81.9% of revenue.
• FY26 Guidance: Revenue ₹57-58 Bn, PAT ₹300-310 Cr.
• Subsidiary: PG Technoplast revenue >₹25.73 Bn (9M).

Sources: InvestyWise, NSE Press Release, ScanX