PG Electroplast Limited has informed the Exchange regarding a press release dated May 27, 2026, titled "Several Challenges Impact the quarterlyperformance".
PGEL · price
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PG Electroplast reported a difficult Q4FY26 with revenue of INR 1,716.68 crore, down 10.1% YoY, as EBITDA fell 43.2% to INR 131.54 crore and net profit dropped to INR 64.20 crore from INR 146.39 crore. The company cited multiple headwinds including weak Room AC demand from early monsoon and BEE rating transition inventory adjustments, LPG shortage from the Gulf conflict disrupting production worth INR 300 crore, and truck availability issues causing INR 120 crore sales loss. Full-year FY26 revenue grew 8.6% to INR 5,288 crore but net profit fell 33.5% to INR 193.60 crore. The company is expanding capacity with a new refrigerator plant and rotary compressor facility, expected by Q4FY27.
The quarter saw significant profit decline due to operational disruptions and industry headwinds; while FY26 revenue grew, margin compression and forex losses of INR 38.77 crore weighed on profitability. Capacity expansion plans indicate long-term confidence despite near-term weakness.