Power & Instrumentation (Gujarat) Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
PIGL · price
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On the reaction day the stock moved 5.1 pts less than Nifty Microcap 250 and 5.4 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Power & Instrumentation (Gujarat) Limited (PIGL) reported its Q3 FY26 results, with standalone revenue from operations of Rs. 4,459.73 lakhs, up about 33.6% from Rs. 3,336.60 lakhs in Q3 FY25. Standalone profit after tax for the quarter rose to Rs. 327.92 lakhs (vs Rs. 287.85 lakhs), while for the nine-month period, revenue grew around 35% to Rs. 15,376.82 lakhs and PAT increased about 20% to Rs. 1,038.31 lakhs. Consolidated numbers were stronger, with Q3 revenue of Rs. 4,865.54 lakhs and nine-month revenue of Rs. 16,023.23 lakhs, reflecting the consolidation of Peaton Electrical Company Limited (PECL), which became a 51.06% subsidiary in September 2025. The auditor (MAAK and Associates) issued a clean limited review opinion but flagged an Emphasis of Matter on inventory valuation being management-certified. An exceptional item of Rs. 4.43 lakhs (standalone) and Rs. 6.32 lakhs (consolidated) was booked for the incremental gratuity impact of the new Labour Codes.
Strong top-line growth (over 33% YoY) and a new subsidiary consolidation are positives that should support the stock, but the 20% YoY rise in standalone PAT is moderate and the auditor's inventory-related emphasis of matter is a minor watchpoint for investors.