PG Electroplast Ltd (PGEL) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- The new refrigerator plant in Sri City will begin production in Q4 FY27, targeting 700,000 units in FY28 with an anchor customer secured.
- The Supa compressor project is on track for mass production in Jan-Feb 2027, with a target of 1.5 million+ units in calendar year 2027.
- The company will receive an estimated INR 105-110 crores in total incentives in FY28, providing a significant boost to profitability.
Performance Overview
- Recorded strong secondary sales in the room AC business, leading to a robust order book for the second half of FY27.
- Achieved highest-ever first-half sales for the Room AC and Washing Machine verticals.
- First-half FY27 consolidated revenues surpassed INR 2,950 crores for the first time, driven by both volume growth and price increases.
- The new manufacturing campus at Salarpur Bhiwadi is now operational, and the refrigerator facility at Sri City is on track for Q4 FY27 production.
- The compressor project at Supa is progressing as planned, with mass production expected to begin within the current financial year.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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Tone & Disclosure
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