News ArticlePG Electroplast Reports 42.5% Revenue Growth to INR 933.88 Crores in Q2 FY2027 Driven by Expanding Manufacturing Capacity
Half-year revenues climb 37.4% to INR 2967.83 crores as new production facilities in Greater Noida and Bhiwadi become operational
PG Electroplast Limited announces a 42.5% revenue increase to INR 933.88 crores in Q2 FY2027 and a 37.4% rise to INR 2967.83 crores in H1 FY2027, driven by growth across product segments including air conditioners and washing machines. EBITDA rose 54.8% in Q2 with margin expansion, supported by capacity expansions and new production facilities.
PG Electroplast Limited
Investor Presentation
PG Electroplast Limited posted a 42.5% increase in consolidated revenues to INR 933.88 crores for the quarter ended September 30, 2026 (Q2 FY2027), alongside a 54.8% rise in EBITDA to INR 69.14 crores. Half-year revenues reached INR 2967.83 crores, up 37.4%, supported by strong performance across its product verticals and new manufacturing capacity additions.
The company’s gross contribution was INR 165.69 crores (17.8% of sales) in Q2 FY2027, while EBITDA margin improved to 7.4% from 6.8% in the same period last year. Net income grew to INR 13.67 crores in Q2 FY2027 compared to INR 2.76 crores in Q2 FY2026.
PG Electroplast's product business accounted for 70.3% of total revenues in H1 FY2027, growing 41.1% year-over-year (YoY). The air conditioner business expanded 36.2% YoY to INR 1561.1 crores, washing machines surged 60.7% to INR 504.8 crores, and air coolers increased marginally by 4.8% to INR 19.2 crores.
The electronics segment experienced a 90.3% YoY revenue increase, contributing 12.1% of sales. Plastic molding and components grew 7.3% YoY to INR 520.7 crores. The company's 50:50 joint venture, Goodworth Electronics, posted revenues of INR 623.8 crores in H1 FY2027 with EBITDA nearly doubling to INR 22.7 crores.
The company is advancing its expansion projects with two new facilities in Greater Noida and Bhiwadi expected to start commercial production by Q4 FY2027. The washing machine plant at the DMIC campus in Greater Noida has an annual capacity of 1.8 million units.
Gross contribution as a percentage of sales declined slightly due to elevated raw material costs, which the company has fully passed to customers. Cost control measures have been effective in FY2027 with reductions in employee and other expenses percentages.
Highlights
- Q2 FY2027 revenue: INR 933.88 crores, up 42.5% YoY
- H1 FY2027 revenue: INR 2967.83 crores, up 37.4% YoY
- Q2 FY2027 EBITDA: INR 69.14 crores, up 54.8% YoY, with 7.4% margin
- Net income in Q2 FY2027 rose 395.2% to INR 13.67 crores
- Air conditioner segment grew 36.2% YoY to INR 1561.1 crores in H1 FY2027
- Washing machines segment surged 60.7% to INR 504.8 crores in H1 FY2027; air coolers up 4.8% to INR 19.2 crores • Electronics business revenue rose 90.3% YoY in H1 FY2027 to 12.1% of total sales• Plastic molding revenue up 7.3% YoY to INR
Key Data Snapshot
What happened
- PG Electroplast Limited reported a consolidated revenue of INR 933.88 crores for Q2 FY2027, increasing 42.5% compared to the prior year quarter.
- EBITDA for Q2 FY2027 grew 54.8% to INR 69.14 crores, with improved EBITDA margin of 7.4%.
- Net income increased substantially to INR 13.67 crores in Q2 FY2027, up 395.2% year-over-year.
Key details
- Half-year revenues through September 30, 2026 reached INR 2967.83 crores, up 37.4% year-over-year.
- Product business contributed 70.3% of total H1 FY2027 revenues, growing 41.1% YoY.
- Air conditioner segment expanded 36.2% to INR 1561.1 crores; washing machines grew 60.7% to INR 504.8 crores; air coolers grew 4.8% to INR 19.2 crores.
- Electronics business revenue increased 90.3% YoY, accounting for 12.1% of total sales.
- Plastic moulding and components grew 7.3% YoY to INR 520.7 crores.
Operational performance
- Two new manufacturing facilities became operational: a washing machine plant with capacity of 1.8 million units annually at Greater Noida DMIC campus, and a plastic components & coolers facility at Salarpur, Bhiwadi.
- Expansion projects are on track for commercial production commencement by Q4 FY2027.
- Raw material cost inflation impacted gross contribution percentages but costs have been fully passed on to customers.
- Expense control efforts led to reductions in employee and other expenses relative to revenues.
Highlights
- Q2 FY2027 revenue: INR 933.88 crores, up 42.5% YoY
- H1 FY2027 revenue: INR 2967.83 crores, up 37.4% YoY
- Q2 FY2027 EBITDA: INR 69.14 crores, up 54.8% YoY, with 7.4% margin
- Net income in Q2 FY2027 rose 395.2% to INR 13.67 crores
- Air conditioner segment grew 36.2% YoY to INR 1561.1 crores in H1 FY2027
- Washing machines segment surged 60.7% to INR 504.8 crores in H1 FY2027; air coolers up 4.8% to INR 19.2 crores • Electronics business revenue rose 90.3% YoY in H1 FY2027 to 12.1% of total sales• Plastic molding revenue up 7.3% YoY to INR
Disclosures
- Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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