PG Electroplast sales rise 42.5% to ₹933.88 crore in Q2

PG Electroplast Limited reported consolidated sales of ₹933.88 crore in Q2 FY27, a 42.5% year-on-year increase from ₹655.37 crore, while net income rose 395.2% to ₹13.67 crore. The results show stronger revenue growth and a wider EBITDA margin during the quarter ended September 30, 2026.

What did PG Electroplast report in Q2 FY27?

PG Electroplast reported consolidated revenue from operations of ₹933.88 crore for Q2 FY27, compared with ₹655.37 crore in Q2 FY26. The company filed its unaudited consolidated results with the National Stock Exchange on October 27, 2026, after the market closed.

EBITDA increased 54.8% year on year to ₹69.14 crore from the year-earlier period. EBITDA margin expanded to 7.4% from 6.8%, indicating that operating earnings grew faster than sales on the reported measure. Net income rose to ₹13.67 crore from ₹2.76 crore, and basic earnings per share stood at ₹0.47.

The quarter followed a stronger first half on the revenue line. PG Electroplast reported H1 FY27 revenue of ₹2,967.83 crore, up 37.4% year on year. The available filing information identifies the results as consolidated and unaudited.

How did the quarter compare with the previous year and first half?

PG Electroplast's Q2 sales increase of 42.5% followed H1 FY27 revenue growth of 37.4%, with first-half revenue reaching ₹2,967.83 crore. The data indicates that revenue momentum remained positive in the September quarter compared with the corresponding period of FY26.

Profit growth was substantially higher than revenue growth because the reported EBITDA margin improved. The 60-basis-point expansion from 6.8% to 7.4% accompanied a 54.8% rise in EBITDA, while net income increased by 395.2% from a relatively low base of ₹2.76 crore in Q2 FY26.

The disclosed figures also show a sequentially lower quarter on sales and net profit compared with April-June 2026. Sales were stated to be 54% lower sequentially and net profit 82% lower. The company filing supplied in the source does not provide a detailed explanation for this quarter-on-quarter movement.

Why does the EBITDA margin expansion matter for investors?

The EBITDA margin expansion matters because PG Electroplast generated 7.4% EBITDA margin in Q2 FY27 against 6.8% a year earlier, even as sales rose by more than 42%. A higher margin means the reported operating earnings grew faster than revenue during the period.

For investors, the combination of revenue growth, EBITDA growth and higher net income provides a clearer view of the quarter than sales alone. The increase in net income to ₹13.67 crore was material in percentage terms, although the comparison is influenced by the ₹2.76 crore net income reported in Q2 FY26.

The result should be assessed alongside the company's consolidated financial disclosures rather than only the percentage changes. The available information does not provide a segment-wise revenue split, a detailed cost breakdown, or management guidance for subsequent quarters.

What other disclosures has PG Electroplast made?

PG Electroplast has separately informed exchanges that it received an administrative warning letter from the Securities and Exchange Board of India on May 18, 2026. The supplied information does not state the subject matter or financial impact of that warning letter.

The company had also issued an investor presentation covering its unaudited financial results for the quarter and nine months ended December 31, 2025, or Q3 FY26. That presentation reported consolidated revenue of ₹1,412.13 crore, EBITDA of ₹126.11 crore and profit after tax of ₹60.31 crore for the stated period, with EBITDA margin at 8.93%.

PG Electroplast's annual report and AGM notice, including e-voting details, are available on its website. These documents can provide shareholders with formal corporate disclosures beyond the quarterly earnings announcement.

How could the Q2 FY27 result affect market assessment?

The Q2 FY27 result gives the market reported evidence of revenue growth and improved EBITDA margin, with sales at ₹933.88 crore and EBITDA at ₹69.14 crore. These figures are relevant to the assessment of operating performance because they show both scale growth and a margin increase versus Q2 FY26.

At the same time, the sequential declines cited for sales and net profit are relevant for investors comparing the September quarter with the preceding June quarter. The supplied disclosures do not establish a forward earnings outlook, so the reported data supports an assessment of the completed quarter rather than a conclusion on future performance.

The SEBI administrative warning is another disclosure investors may monitor alongside financial results and corporate governance updates. The source does not provide enough details to quantify any impact, and no additional implication should be inferred from the available information.

Conclusion

PG Electroplast delivered 42.5% year-on-year consolidated sales growth in Q2 FY27 and lifted its reported EBITDA margin to 7.4%, while net income increased to ₹13.67 crore. The figures indicate improved operating profitability on the reported basis, although sales and net income were lower than in the preceding quarter.

Investors will watch future quarterly filings for whether revenue growth and margins are sustained, as well as any further disclosure relating to the SEBI administrative warning letter. The company has also made its annual report and AGM notice available through its website for shareholders seeking its formal governance and financial disclosures.