PGEL PG Electroplast Q1 FY26 results (Apr–Jun 2025) and concall
PGEL faced a challenging Q1 as an early monsoon abruptly ended the room AC season, leading to massive inventory buildup and order cancellations of 50-70% in June and July. While the long-term outlook remains bullish with significant capacity expansions in washing machines and a new refrigerator plant, the company has recalibrated its FY26 guidance downward to reflect short-term demand volatility and margin pressure. Management is focusing on capital efficiency and inventory liquidation, which is expected to continue through December 2025.
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What they filed
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 |
|---|---|---|---|
| Revenue | 362 | 350 | 335 |
| EBITDA | 30 | 13 | 32 |
| Net profit | 24 | 23 | 32 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
