Pearl Global Scales Up Indonesia Bet As Q4 FY26 Profitability Strengthens

Nikunj Parikh May 14, 2026 320 Views

Pearl Global Industries Limited delivered a robust Q4 FY26 performance with consolidated revenue from operations of ₹1,31,358 lakh and net profit of ₹8,098 lakh, supported by strong margins across key markets. The board also declared a second interim dividend of ₹8.50 per share and approved increasing its stake in PT Pinnacle Apparels to nearly 100 percent.

The Gurgaon-headquartered garment exporter and manufacturer approved its audited standalone and consolidated financial results for the quarter and year ended 31 March 2026. The company also cleared key board decisions, including an additional strategic investment in its Indonesian step-down subsidiary and the appointment of a new independent director as it deepens global operations.

Quarterly And Full Year Financial Trends

In Q4 FY26, consolidated total income rose to ₹1,32,376 lakh, with profit before tax of ₹9,505 lakh versus ₹7,779 lakh a year earlier. For FY26, revenue from operations increased to ₹5,02,460 lakh from ₹4,50,629 lakh, while net profit jumped to ₹27,003 lakh, translating into basic EPS of ₹60.34 per share on a ₹5 face value.

Dividend, Balance Sheet And Geographical Mix

The board declared a second interim dividend of ₹8.50 per equity share, aggregating to ₹3,923.57 lakh for FY26. Consolidated net worth rose to ₹1,43,799 lakh on total assets of ₹3,24,470 lakh, with cash and cash equivalents at ₹70,441 lakh, underscoring a healthy liquidity position. Hong Kong, Bangladesh, India and Vietnam together contributed over 94 percent of segment revenue, with Hong Kong and Bangladesh remaining the largest contributors.

Strategic Stake Hike In PT Pinnacle Apparels

Through its Hong Kong step-down subsidiary, DSSP Global Limited, Pearl Global will acquire an additional 9.99 percent stake in PT Pinnacle Apparels for a cash consideration of USD 1.406 million, funded entirely through internal accruals. Post-transaction, the group’s shareholding in the Indonesian apparel manufacturer will rise from 89.93 percent to 99.92 percent, strengthening control over a fast-growing production base with FY26 turnover of USD 23.82 million.

Key Highlights

Q4 FY26 consolidated revenue from operations: ₹1,31,357.50 lakh
Q4 FY26 consolidated net profit: ₹8,098.38 lakh
FY26 consolidated revenue from operations: ₹5,02,459.78 lakh
FY26 consolidated net profit: ₹27,002.83 lakh; basic EPS: ₹60.34
Second interim dividend declared: ₹8.50 per share (face value ₹5); payout of ₹3,923.57 lakh
Planned acquisition of additional 9.99 percent in PT Pinnacle Apparels for USD 1.406 million
Post-acquisition stake in PT Pinnacle Apparels to rise to 99.92 percent via DSSP Global Limited
Consolidated net worth: ₹1,43,799.01 lakh; total assets: ₹3,24,470.03 lakh
Strong cash and cash equivalents: ₹70,441.15 lakh as of 31 March 2026
Appointment of Rajesh Kumar Singh as independent director and EY re-appointed as internal auditors