PG ELECTROPLAST LTD. Q3 FY26 Results

Summary

PG Electroplast Ltd., a leading provider of original design manufacturing and electronic manufacturing services, announced its results for the quarter ended Dec. 31, 2025. The company reported a 45.9% YoY growth in operating revenues, a 36.5% growth in quarterly EBITDA, and a 50.3% growth in quarterly net profit. The net sales for the nine-month period ended Dec. 31, 2025, grew by 20.7% YoY.

Key Highlights

1. 1

   Operating Revenues for the quarter were INR 1,412.13 crores — a growth of 45.9% YoY

2. 2

   Quarterly EBITDA stood at INR 126.11 crores versus Rs 92.37 crores in 3QFY2025 — a growth of 36.5%

3. 3

   Quarterly Net profit stood at INR 60.31 crores versus INR 40.14 crores in 3QFY2025 - a growth of 50.3%

4. 4

   Net Sales for the period were INR 3571.35 crores — growth of 20.7% YoY

5. 5

   Consolidated Revenues at INR 1,412 crores was boosted by with Product business sales of INR 1,140 Crores

6. 6

   PGEL’s 100% subsidiary, PG Technoplast clocked INR 1,067 crores in revenue in 3SQFY2026

7. 7

   The company posted strong performance in RAC due to channel filling in anticipation of BEE rating change and posted growth of 80.5% for 3QFY2026

8. 8

   The Washing Machine business also posted growth at 45.1% during the quarter

9. 9

   The Product business contributed 80.7% of the total revenues in 3QFY2026

10. 10

    The Product business grew 72.4% YoY for the quarter

11. 11

    The Sales of TV business in Goodworth in 9MFY2026 stood at INR 669.9 crores as compared to INR 436.6 crores in PGEL in 9MFY2025, a growth of 53.5%

12. 12

    Capital efficiency of business is robust and the company’s RoCE was 18.6% and RoE was 9.8% for the Trailing 12 months, ending Dec. 2025

13. 13

    Net fixed Asset turns for the company stood at 6.03x

14. 14

    PGEL Consolidated Revenues expected at INR 5,700—5,800 crores, implying growth of 17% to 19% over FY25

15. 15

    Net Profit Guidance: INR 300-310 crores, a growth of 3%—7% over FY25 net profit of INR 291 crores

16. 16

    Goodworth Electronics Revenue Guidance: INR 850 crores, implying Total Group Revenues of INR 6,550—6,650 crores

17. 17

    Product business (Washing Machines, Room ACs, Coolers) expected to grow 17%—21%, reaching INR 4,140—4,280 crores, up from INR 3,526 crores in FY25

18. 18

    FY26 Capex expected to be INR 700-750 crores, to fund new projects including a facility for plastic components and coolers in Rajasthan, a campus in Greater Noida for washing machines, a refrigerator campus in South India, and a campus in West India with expanded AC capacity in Supa