PG ELECTROPLAST LTD.

PG Electroplast Ltd. announced its unaudited financial results for the quarter and half-year ended September 30, 2026. For the quarter, revenues grew 42.5% YoY to INR 933.88 crores, with EBITDA up 54.8% YoY to INR 69.14 crores and Net Income at INR 13.67 crores (vs. INR 2.76 crores in 2QFY26). For the half-year, Net Sales reached INR 2967.83 crores (up 37.4% YoY), EBITDA was INR 255.37 crores, and Net Income stood at INR 89.88 crores. The company highlighted crossing INR 2,950 crores in consolidated half-yearly revenues for the first time. Expansion projects are on track, with two new facilities expected to commence commercial production in 4QFY27. The company maintains a healthy balance sheet with over ₹422 crores in cash and cash equivalents.

PG Electroplast Ltd announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved the standalone and consolidated financial results, along with the Statement of Assets & Liabilities and Cash Flow Statements for the half-year. Limited Review Reports for the period were also approved. The board meeting commenced at 5:15 PM and concluded at 6:40 PM. The information is available on the company's website.

PG Electroplast's consolidated revenue came in at ₹933.88 Cr for Q2 FY27, up 42.5% YoY from ₹655.37 Cr, with consolidated PAT at ₹13.67 Cr versus ₹2.76 Cr a year ago. Sequentially, both lines fell sharply — revenue -54.1% and PAT -82.1% from Q1 FY27 — but this is a seasonal artifact: Q1 (Apr-Jun) is the peak AC-installation season for this EMS/durables business, and the year-ago quarter showed the identical pattern, so the YoY comparison is the one that matters here. On that basis, the quarter is a genuine improvement: operating margin (EBITDA/revenue) expanded to 6.40% from 4.59% a year ago (+181 bps), and net margin to 1.45% from 0.41%. The headline PAT growth of +395% YoY is flattered by an unusually thin year-ago base (NPM then was near breakeven at 0.41%), so the rupee improvement — margin expansion plus volume growth — is the more meaningful read than the percentage. A notable wrinkle: standalone (parent-only) PAT of ₹25.86 Cr this quarter actually exceeds the consolidated PAT of ₹13.67 Cr, despite consolidated revenue being nearly double standalone revenue. The auditor's limited review report discloses that one unreviewed subsidiary posted a net loss after tax (before consolidation adjustments) of ₹16.83 Cr for the quarter, which is the main reason consolidation pulls group profit below the parent's own number. This is worth tracking rather than ignoring, since it is currently a meaningful drag on group profitability. Against management's own framing from the Q1 FY27 call, the quarter is broadly on-track rather than a beat or a miss: the stated FY27 target was 8% operating margin (7.3% ex-PLI at the time), with downstream margin improvement guided to begin only from December as commodity-cost pass-through kicks in, and compressor mass production starting Dec-Jan. Q2's 6.40% OPM is below both the 7.3% baseline and the 8% target, but the specific margin catalysts management flagged hadn't started during the Jul-Sep quarter, so the shortfall is consistent with the stated timeline rather than a departure from it. The 20%+ full-year volume growth guidance cannot be checked from this filing, which discloses no volume data. No analyst estimate specific to this quarter could be found; the only available reference point is a full-year FY27 consensus (~₹6,660 Cr revenue, ~₹289 Cr adjusted PAT per one brokerage), which implies a materially stronger H2 than the ₹2,967.83 Cr / ₹89.88 Cr H1 run-rate — consistent with management's own guidance that the margin and volume catalysts load into the back half. Separately, BSR & Co. LLP reviewed this quarter as the company's new statutory auditor, succeeding the predecessor that signed off on FY26 and the preceding quarters; this is a governance change coincident with, but not a driver of, this quarter's numbers. What this sets up: the next two quarters are the actual test of the FY27 margin and volume guidance, given management tied the improvement explicitly to December onward (commodity pass-through) and Q4 (refrigerator commercialisation). Q2's YoY margin expansion is a reasonable leading indicator, but the OPM gap to the 8% target (160 bps) and the subsidiary loss both remain open items into H2.

PG Electroplast Ltd announced that its wholly-owned step-down subsidiary, Next Generation Manufacturers Private Limited (NGM), has appointed Mrs. Ruchika Bansal as a Non-Executive Independent Director. NGM also appointed M/s. B S R & Co. LLP as its new Statutory Auditors for a five-year term, subject to shareholder approval, replacing M/s. M.S. Barmecha & Co. The change aims to align subsidiary auditors with the parent company's auditors.

PG Electroplast Ltd has announced that its Board of Directors will convene on October 27, 2026, to consider and approve the Unaudited Financial Results for both standalone and consolidated operations for the quarter and half-year ended September 30, 2026. Additionally, the company has informed that the trading window for directors, key managerial personnel, and designated persons will remain closed from October 1, 2026, until October 29, 2026, in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015.

PG Electroplast Ltd conducted its 24th Annual General Meeting (AGM) on September 29, 2026, through Video Conferencing. The meeting, which commenced at 02:30 PM and concluded at 03:10 PM, was held in accordance with the Companies Act, 2013, and SEBI regulations. Key agenda items included the adoption of audited financial statements for FY26, declaration of dividend, re-appointment of a director, and appointment of statutory auditors. Special businesses involved approving the Cost Auditor's remuneration and a loan/guarantee for a joint venture. The company also facilitated remote e-voting and in-AGM voting for its members.

PG Electroplast Limited has announced the closure of its trading window for all directors, key managerial personnel, designated persons, and their immediate relatives. This closure is effective from October 1, 2026, and will remain in effect until 48 hours after the declaration of the unaudited financial results for the quarter and half-year ending September 30, 2026. The company will communicate the date of the board meeting for the declaration of these results in due course, adhering to SEBI (Prohibition of Insider Trading) Regulations, 2015.

PG Electroplast Ltd has dispatched an inland letter to shareholders who have not registered their email addresses, providing the web link to the Notice of the 24th Annual General Meeting (AGM) and the Annual Report for the Financial Year 2025-26. The 24th AGM is scheduled for September 29, 2026, at 02:30 p.m. via Video Conferencing. Shareholders can access the complete details online or request a physical copy. The filing is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

PG Electroplast Ltd announced its Board of Directors has recommended a final dividend of ₹0.25 per equity share for the Financial Year ended March 31, 2026. The dividend, if approved at the AGM, will be paid by October 28, 2026, to shareholders of record on September 18, 2026. The company has also provided details regarding Tax Deduction at Source (TDS) applicable to resident shareholders, including rates of 10% with PAN and 20% without PAN for individuals and HUFs, and NIL for specific entities like insurance companies and mutual funds upon submission of required declarations and documents. Shareholders can claim exemption from TDS by submitting Form 121.

PG Electroplast Limited has filed its Annual Report for the Financial Year 2025-26, detailing its strategic initiatives and financial performance. The report highlights a significant capital expenditure of ₹785 crore, aimed at expanding manufacturing capabilities for Washing Machines and Refrigerators, including critical components like rotary compressors. The company emphasizes its focus on strengthening its integrated manufacturing platform, deepening localization, advancing backward and forward integration, and enhancing operational excellence through digitalization and automation. The 24th Annual General Meeting (AGM) is scheduled for September 29, 2026, to be held via Video Conferencing/Other Audio Visual Means (VC/OAVM). The Annual Report is available on the company's website.