Q2 FY27 sales up 42.5%; margins mixed and FY28 targets outlined
PGEL · price
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On the reaction day the stock moved 2.9 pts less than Nifty Smallcap 250 and 2.9 pts less than its Consumer Electronics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q2 FY27 revenue rose 42.5% year on year to Rs 934 crore; EBITDA rose 54.8% to Rs 69.14 crore and net profit reached Rs 13.67 crore. Management reported healthy orders and expects slightly better second-half margins, although gross margin percentage is pressured by input costs and electronics mix. Refrigerator production is targeted in Q4 FY27, with 700,000 units for FY28. Compressor output target is 1.5-1.8 million units for calendar 2027.
Strong growth supports investor optimism, but margin percentage pressure, commodity costs and new plant execution remain key risks for shareholders.