Pearl Global Industries Q1 revenue rises 16.6% YoY

Key takeaway

Pearl Global Industries Limited (PGIL) reported consolidated revenue of ₹1,227.92 crore for the quarter ended June 2025, a 16.63% year-on-year increase, while profitability and operating metrics showed mixed movement on a quarter-on-quarter basis.

What the company reported for the quarter

As per the quarterly data shared, total revenue for the June 2025 quarter stood at ₹1,227.92 crore versus ₹1,052.80 crore in the year-ago period. Operating income was ₹92.70 crore compared with ₹86.78 crore a year earlier. Net income was reported at ₹67.82 crore, up from ₹65.35 crore in the comparable quarter.

The same dataset indicates quarter-on-quarter softness versus the March quarter, with revenue at ₹1,227.92 crore versus ₹1,313.58 crore, and operating income at ₹92.70 crore versus ₹111.70 crore. Total operating expense for the June 2025 quarter was ₹1,135.22 crore.

QoQ comparison points in the release

The table provided in the results section notes that the comparison is on a quarter-on-quarter basis. On this basis, operating income is shown lower in the June 2025 quarter versus the March quarter, while depreciation and amortization fell to ₹19.72 crore from ₹22.81 crore.

Selling, general and administrative expenses were listed at ₹219.46 crore, compared with ₹254.40 crore in the March quarter. Other operating expenses were ₹233.47 crore versus ₹252.85 crore.

YoY comparison points in the release

On a year-on-year basis, the June 2025 quarter shows higher total operating expense of ₹1,135.22 crore versus ₹966.02 crore. Depreciation and amortization rose to ₹19.72 crore from ₹17.09 crore.

Operating income increased to ₹92.70 crore from ₹86.78 crore and net income rose to ₹67.82 crore from ₹65.35 crore. The dataset also lists diluted normalized EPS at 14.68 versus 13.77 in the year-ago quarter.

Management commentary and operating notes

In the material shared, the company highlighted consolidated revenue of ₹1,228 crore for Q1 FY26, describing it as 16.6% year-on-year growth and the fifth consecutive quarter above ₹1,000 crore in quarterly performance. It also reported adjusted EBITDA of ₹114 crore, up 13.4% year-on-year, with a 9.3% margin.

For India operations, the text notes adjusted EBITDA growth of about 47.2% year-on-year and margin improvement of 250 basis points to 7.3% in Q1 FY26 from 4.8% in Q1 FY25, attributed to changes in customer and product mix along with productivity gains.

Earnings call details: date, time, and access

Pearl Global Industries said it will host an investor and analyst earnings call on Thursday, August 6, 2026. The call is scheduled for 3:30 PM IST and is intended to discuss the company’s financial and operational performance for the first quarter of fiscal year 2027, for the quarter ended June 30, 2026.

Interested participants were asked to pre-register via the Diamond Pass link referenced in the communication to reduce wait times. The company also shared dial-in access numbers, including India primary numbers +91 22 6280 1309 and +91 22 7115 8210, along with toll-free numbers for Hong Kong (800964448), Singapore (8001012045), the UK (08081011573), and the USA (18667462133).

FY26 snapshot: record revenue, profit, dividend

Alongside the quarterly discussion, PGIL reported record consolidated revenue of ₹5,025 crore for FY26, an 11.5% increase. Profit after tax (PAT) was reported at ₹270 crore for FY26, up 17%.

For Q4, revenue was stated at ₹1,314 crore, with PAT rising 24.6% to ₹81 crore. The company also reported a record EBITDA margin of 10.3% for Q4 and declared a total dividend of ₹14.50 per share.

Credit rating and rated facilities disclosed

The material also references a credit rating upgrade to A+ stable and provides a table of rated facilities with a total rated amount of ₹505.15 crore. It lists long-term fund-based term loan facilities of ₹73.49 crore rated [ICRA]A (Stable), short-term fund-based working capital facilities of ₹210.00 crore rated [ICRA]A1, short-term non-fund based facilities of ₹180.00 crore rated [ICRA]A1, and unallocated limits of ₹41.66 crore rated [ICRA]A (Stable) / [ICRA]A1.

Summary table: key quarterly metrics (June quarter)

All figures are in ₹ crore except per share values.

What investors may watch next

The scheduled August 6, 2026 call is positioned as the next formal update on financial and operational performance for the quarter ended June 30, 2026. Separately, the FY26 numbers and Q4 performance cited by the company provide recent context on scale, profitability, and margins, including the reported Q4 EBITDA margin of 10.3%.

Conclusion

Pearl Global Industries reported consolidated revenue growth of 16.6% year-on-year for the June 2025 quarter and reiterated FY26 milestones including ₹5,025 crore in revenue and ₹270 crore PAT. The next near-term event is the August 6, 2026 earnings call, where management plans to discuss Q1 FY27 performance for the quarter ended June 30, 2026.