PG Electroplast Limited has released the transcript of its Earnings Conference Call held on February 03, 2026, for the third quarter of fiscal year 2026. The call featured insights from Mr. Vikas Gupta, Managing Director, and Mr. Pramod Gupta, Chief Financial Officer. Key performance highlights for Q3 FY26 included robust sales growth in room air conditioners (ACs) with an 80% year-on-year increase, and washing machines growing by 45% year-on-year. For the first nine months of FY26, the room AC business grew by 27% year-on-year, outperforming the industry which saw a decline of 15-20%. The washing machine business also demonstrated strong growth, with a 46% increase in the same period. The television joint venture, Goodworth Electronics, posted revenues of ₹670 crore and EBITDA of ₹16.7 crore for the first nine months of FY26. Consolidated revenues for Q3 FY26 stood at ₹1,412 crore, a 46% increase year-on-year. The AC business contributed ₹932.5 crore (66% of total revenue), growing by 80.5% year-on-year. Washing machine revenue was up 45% at ₹194 crore. PG Technoplast reported revenues of ₹1,067 crore for the quarter. Profitability for the quarter saw EBITDA at ₹126 crore and net profit at ₹60.3 crore. The company noted a forex loss of ₹8.2 crore and a provision of ₹1.35 crore for the New Labour Code impact. The company maintains its full-year guidance of ₹5,700 crore to ₹5,800 crore in sales and approximately ₹300 crore in profit. Capacity expansions are underway for room air conditioners, washing machines, and air coolers. The company is also investing in refrigerator manufacturing capacity, with a 1.2 million unit capacity planned for the Sricity factory, expected to be operational by Q4 FY27. Discussions are ongoing with existing clients for refrigerator business. The company is focused on organic growth and capital efficiency, planning for large manufacturing hubs in North, West, and South India to support future expansion and backward integration.
