PG Electroplast Q2 FY27 Results: Consolidated Net Profit ₹13.67 Crore on Total Income of ₹943 Crore
Earnings
electronic manufacturing services
Blacklitt Research3 min read
gunthercox, via Wikimedia Commons (CC0). Illustrative image.
PG Electroplast Limited (NSE: PGEL) reported consolidated total income of ₹943.25 crore and net profit of ₹13.67 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹528.02 crore and standalone net profit was ₹25.86 crore for the same quarter, according to its results filed on 27 Oct 2026.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹943.25 crore, up 40.8% YoY and down 53.8% QoQ
Net profit and EPS: ₹13.67 crore, up 395.1% YoY; basic EPS ₹0.47 against ₹0.09
Finance costs: ₹26.06 crore, up 55.9% YoY
Standalone
The company on its own, without its subsidiaries
Total income: ₹528.02 crore, up 33.3% YoY and up 20.8% QoQ
Net profit and EPS: ₹25.86 crore, down 33.1% YoY; basic EPS ₹0.90 against ₹1.36
Other income: ₹3.03 crore, down 84.7% YoY from ₹19.83 crore
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
943.25
669.95
+40.8%
2,041.99
-53.8%
Revenue from operations
933.88
655.37
+42.5%
2,033.96
-54.1%
Other income
9.37
14.59
-35.8%
8.03
+16.7%
13.67
2.76
+395.1%
76.22
-82.1%
Profit before tax
19.50
6.70
+190.9%
95.34
-79.5%
Finance costs
26.06
16.71
+55.9%
35.29
-26.2%
Depreciation
28.15
21.65
+30.0%
26.52
+6.2%
Tax expense
5.83
3.94
+47.9%
19.12
-69.5%
Net profit margin
1.45%
0.41%
+1.04 pp
3.73%
-2.28 pp
EPS, basic (₹)
0.47
0.09
+422.2%
2.67
-82.4%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated total income rose 40.8% to ₹943.25 crore, and net profit rose 395.1% to ₹13.67 crore from ₹2.76 crore a year earlier. Net profit grew faster than total income. Profit before tax rose 190.9% to ₹19.50 crore, and basic EPS was ₹0.47 against ₹0.09.
Net profit fell 82.1% from ₹76.22 crore in the quarter ended 30 Jun 2026, more than the 53.8% fall in total income from ₹2,041.99 crore.
Other income was ₹9.37 crore, 35.8% lower than ₹14.59 crore a year earlier, and is 1.0% of total income this quarter. Finance costs rose 55.9% to ₹26.06 crore, 2.8% of total income, and depreciation rose 30.0% to ₹28.15 crore.
Tax expense rose 47.9% to ₹5.83 crore. The net profit margin was 1.45%, against 0.41% a year earlier and 3.73% in the June quarter.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
528.02
396.09
+33.3%
437.02
+20.8%
Revenue from operations
524.99
376.27
+39.5%
431.29
+21.7%
Other income
3.03
19.83
-84.7%
5.73
-47.1%
25.86
38.68
-33.1%
18.21
+42.1%
Profit before tax
33.73
49.36
-31.7%
24.41
+38.2%
Finance costs
3.17
3.05
+4.1%
2.93
+8.5%
Depreciation
6.88
6.78
+1.5%
6.79
+1.3%
Tax expense
7.86
10.68
-26.4%
6.20
+26.8%
Net profit margin
4.90%
9.77%
-4.87 pp
4.17%
+0.73 pp
EPS, basic (₹)
0.90
1.36
-33.8%
0.64
+40.6%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income rose 33.3% to ₹528.02 crore, with revenue from operations up 39.5% to ₹524.99 crore. Other income fell 84.7% to ₹3.03 crore from ₹19.83 crore.
Standalone net profit fell 33.1% to ₹25.86 crore, more than the 31.7% fall in profit before tax to ₹33.73 crore. Tax expense fell 26.4% to ₹7.86 crore, which is 23.3% of profit before tax.
Against the June quarter, standalone net profit rose 42.1% from ₹18.21 crore, faster than total income, which rose 20.8%. Basic EPS was ₹0.90, against ₹1.36 a year earlier and ₹0.64 in the June quarter.
The standalone net profit margin was 4.90%, against 9.77% a year earlier.
Inference
The statutory auditor, BS R & Co. LLP, carried out a limited review of both sets of results and states that nothing has come to its attention that causes it to believe the statement contains any material misstatement. For the consolidated results, the auditor did not review the interim information of one subsidiary, with total assets of ₹1,374.48 crore before consolidation adjustments, and relied on other auditors for one joint venture and four subsidiaries; its conclusion is not modified on this matter.
The company allotted 14,14,450 equity shares of ₹1 each to PG Electroplast Limited Employees Welfare Trust under its employee stock options scheme for 2020 during the six months, increasing paid-up share capital by ₹14.14 lakh. Net QIP proceeds were ₹1,477.56 crore after issue-related expenses of ₹19.15 crore. Of these proceeds, nil was used in the quarter, ₹130.00 crore in the six months and ₹1,445.35 crore cumulatively, and ₹32.21 crore is invested in fixed deposits.
The filing does not say why consolidated revenue and profit moved as they did between the quarter ended 30 Jun 2026 and this quarter, or what the company plans to do with the unused QIP balance.
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