PG Electroplast Q2 FY27 Revenue Jumps 42.5% to ₹934 Crore

PGEL PG Electroplast Limited (PGEL), a leading electronic manufacturing services and plastic moulding company, reported a strong financial performance for the second quarter of FY27. Consolidated revenue increased 42.5% year-on-year to ₹933.88 crore, compared with ₹655 crore in the corresponding quarter last year. Net profit surged to ₹13.67 crore from ₹2.76 crore, while EBITDA grew 54.8% to ₹69.14 crore, reflecting improved business volumes across key product segments. The company witnessed broad-based growth across its product portfolio during the first half of FY27. Revenue from the air conditioner business increased 36.2% to ₹1,561.1 crore, while the washing machine business recorded 60.7% growth to ₹504.8 crore. The electronics business expanded 90.3% year-on-year. PG Electroplast's consolidated first-half revenue crossed ₹2,950 crore for the first time in its history, reaching ₹2,967.83 crore, up 37.4% year-on-year. PG Electroplast is also expanding its manufacturing capacity and strengthening backward integration to support long-term growth. Its new washing machine manufacturing facility at Greater Noida has become operational, with an annual capacity of 1.8 million units, while a new plastic components and coolers facility at Bhiwadi is also operational. The company expects commercial production to begin at two additional facilities in Q4 FY27. Investors will closely monitor capacity utilisation, execution of expansion plans, commodity costs and margin improvement in the coming quarters.