Pearl Global Industries Limited has informed the Exchange about Transcript of the conference call with Investors/Analysts, held on May 15, 2026.
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Pearl Global Industries reported record FY '26 performance with consolidated revenue of INR5,025 crores (up 11.5% YoY) and PAT of INR270 crores (up 17% YoY). Adjusted EBITDA margin was 9.3% (or 10.3% excluding INR36 crores tariff impact and INR13 crores losses at new Bihar and Guatemala facilities). Q4 FY '26 saw the highest ever quarterly EBITDA margin at 10.3%. The company declared a dividend of INR14.50 per share (highest ever, 25% of group PAT). Management expressed confidence in maintaining 10% EBITDA margin going forward and targeting INR6,000 crores revenue by FY '28 with 12-14% CAGR growth. The US tariff situation has eased from 65-69% to 10% currently. Vietnam and Bangladesh showed strong capacity utilization improvements, while India operations were temporarily impacted by US tariffs. The company plans INR250 crores capex for FY '27 including new land acquisition in Vietnam and Bangladesh expansion completing by H1 FY '27.
The company delivered record results with strong margin improvement despite geopolitical headwinds. With tariffs normalizing and new FTAs with UK and EU creating additional opportunities, management's confident guidance on sustaining 10%+ EBITDA margins and 12-14% growth trajectory appears credible based on capacity expansion plans and customer diversification strategy.