PG Electroplast Limited (533581) Earnings Call Transcripts

PG Electroplast Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, PG Electroplast Limited reported consolidated revenues of INR 1,717 crores, reflecting a decline of 10.4% year-over-year, while net profit fell 56% to INR 64.2 crores. The company faced significant challenges, including a 15% decline in the RAC industry and disruptions from an LPG crisis, leading to an estimated revenue loss of INR 420 crores. Management signaled a cautious optimism for FY '27, targeting better-than-industry revenue growth and an EBITDA margin improvement towards 8% as operating leverage returns and input cost pressures moderate.

Reported metrics

Guidance from management

Management expects better-than-industry revenue growth in FY '27 and aims for EBITDA margins to improve towards 8% as operating leverage returns and input cost pressures moderate.

What management said

We have taken a price increase in April, tried to pass on the price increase, which we have seen or the cost inflation, which we have seen. But to be very frank, the situation is very dynamic. Rupee keeps on depreciating and some of the key commodities are still continuing to go higher up, especially on the aluminum and copper side. So whatever price increase we have taken probably it's been good till maybe April and...

I will further add to this. See, we have been able to take some price increase in the Jan and March and in the June quarter also, we have taken some price increase, which has largely taken care of the commodities. The problem is the exchange rate. Exchange rate is something which is so volatile in moving. And normally, whatever price agreements you have with the customers, they are based on the current dollar exchang...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of margin recovery given ongoing forex volatility and the potential impact of external factors such as weather on demand. There were also questions about the company's ability to manage inventory levels effectively moving forward.

Main topics on the call

• Industry Context and Challenges — The RAC industry faced a 15% decline in FY '26 due to multiple factors including delayed sales from a prolonged monsoon and high channel inventory. Management noted, "three demand side shocks were largely responsible for...
• Q4 Performance Decline — Q4 revenues dropped to INR 1,717 crores, down 10.4% YoY, with EBITDA declining 43% to INR 131.5 crores. Management highlighted that the LPG crisis alone caused a production loss of approximately INR 300 crores.
• Future Growth Initiatives — Management outlined plans for new facilities, including a refrigerant manufacturing plant and a rotary compressor facility, expected to contribute to revenue in FY '28. "We plan to start commercial production by quarter ...
• Improved Channel Inventory — Management noted that channel inventory has normalized significantly, which is expected to support better sales in FY '27. "April and May have shown better sellout momentum compared to the same period last year," they st...

Read the full PG Electroplast Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 4 PG Electroplast Limited earnings call transcripts on record, spanning February 7, 2025 to August 7, 2026. Based on this history, PG Electroplast Limited reports semi-annually. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

533581

Exchange

BSE

Country

IN

Sector

Information Technology

Industry

Electronic Equipment, Instruments and Components

Calls on record

4

First call

February 7, 2025

Most recent

August 7, 2026

Reporting cadence

semi-annually