India · Delayed Price · Currency is INR PG Electroplast Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY26 delivered 46% revenue growth, led by 80% YOY AC sales and 45% washing machine growth, with strong outperformance versus industry trends. Full-year guidance is maintained, CapEx is progressing, and margin normalization is expected as price increases are implemented.
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Q2 FY26 saw a 2% revenue decline and margin pressure due to high inventory and forex loss, but washing machine sales surged 55%. Guidance for FY26 is maintained, with CapEx focused on diversification and capacity expansion. Inventory normalization and GST changes are expected to improve H2 performance.
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Q1 FY26 saw 14% revenue growth but a drop in net profit due to early monsoon, high inventory, and order cancellations. Revised FY26 guidance reflects margin pressure and delayed CAPEX, but long-term growth in consumer durables remains robust.
Fiscal Year 2025
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FY25 saw operating revenue rise 77% and net profit 112%, led by strong product business growth and capacity expansion. FY26 guidance targets 33% group revenue growth, 39% higher net profit, and major CapEx for new plants, with margins expected to remain stable.
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Q3 FY25 saw operating revenue rise 82% YoY and net profit up 110% YoY, driven by strong growth in room ACs and washing machines. FY25 guidance was raised to INR 5,100 crore in revenue and INR 280 crore net profit, with robust order book and expansion plans on track.