PG Electroplast Q1 FY27: Revenue crosses INR2,000 cr, margin pressure persists
PGEL · price
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PG Electroplast Q1 FY27 consolidated revenue grew 35.2% YoY to INR2,034 cr, with EBITDA at INR156.2 cr (margin 7.7%) and net profit of INR75.3 cr (up 12.9%). AC business at INR1,401 cr plus 38.1%, washing machine at INR211 cr plus 67.2%. Margins under pressure from copper, aluminum and rupee depreciation; per unit margin stable. Management expects pass-through by December quarter and guided for about 8 percent full year operating margin, hoping to surpass FY25 earnings. New washing machine plant in Greater Noida online; refrigerator and compressor plants targeted for December-January mass production. Company is net cash with INR491 cr cash balance.
Strong revenue growth but margins still pressured by commodities. New plants in washing machine, refrigerator and compressor to fuel next phase of growth.