PG Electroplast Limited has informed the Exchange about Transcript
PGEL · price
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PG Electroplast reported a difficult Q4 FY26 with revenues of INR1,717 crores (down 10.1% Y-o-Y), EBITDA of INR131.5 crores (down 43%), and net profit of INR64.2 crores (down 56%). The company attributed the poor performance to multiple disruptions: an LPG crisis in March causing INR300 crores production loss, truck shortage causing INR120 crores sales loss, and a ~250 bps gross margin impact from commodity inflation and rupee depreciation (20% Y-o-Y). Full year FY26 revenues were INR5,288 crores with PAT of INR193.61 crores versus INR290.92 crores in FY25. Management highlighted new initiatives including a refrigerant plant in Sri City and rotary compressor facility at Supa (both targeting Q4 FY27 completion), while the washing machine business grew 52% in FY26. For FY27, management guided for EBITDA margins improving towards 8% as operating leverage returns, with INR71 crores PLI expected.
FY26 was a challenging year due to industry headwinds and operational disruptions, but management remains confident of margin recovery in FY27 with normalized channel inventory, new capacity coming online, and cost discipline initiatives. The stock faces near-term pressure from weak profitability but structural growth drivers in RAC outsourcing and new product expansion remain intact.