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Quarterly Results

PGEL · PG Electroplast Limited · NSE · Filed 6 Aug · 1 min read

PG Electroplast to consolidate manufacturing in Rajasthan, plans ₹700 crore subsidiary capex

Alongside its June-quarter results, PGEL disclosed two new PG Technoplast units, planned capex at the subsidiary, and the relocation of Greater Noida operations into a new Salarpur plant.

What the board approved

At its meeting on 6 August 2026, PG Electroplast's board took its unaudited standalone and consolidated results for the quarter ended 30 June 2026 on record, with limited-review reports attached. The fuller story, though, sits in the accompanying disclosures. The board noted the commencement of operations at two new units of wholly owned subsidiary PG Technoplast Private Limited (PGTL) — one at Salarpur, Rajasthan, and one in the Delhi-Mumbai Industrial Corridor at Greater Noida — and approved a set of asset transfers and unit relocations that reorganise the group's manufacturing footprint.

The quarter's numbers

On a consolidated basis, revenue from operations for the June quarter was higher than a year earlier, while consolidated profit after tax (including the joint venture) was broadly in line year-on-year. Standalone profit for the quarter was lower than in the June 2025 quarter, per the filing. The group continues to report a single operating segment, and the auditors issued an unmodified limited-review conclusion.

A footprint reorganisation and new capacity

The disclosures describe a deliberate consolidation. PGTL has taken an approximately 39,000 sq. metre plot at Salarpur on a 90-year lease from Rajasthan's RIICO, and the group is relocating operations from its Greater Noida units into it — a move the company frames as reducing recurring rental costs and consolidating manufacturing as business grows. The new Salarpur unit adds capacity in air coolers, moulds and dies, sanitaryware and plastic components, while the DMIC unit adds washing-machine capacity. The company also disclosed the sale of its Greater Noida Unit 5 assets, partly to PGTL — a promoter-group related party — on an arm's-length basis, funded per the filing by term loans from banks and internal accruals.

Consolidated revenue from operations (Q1 FY26)
₹1,50,385.04 → ₹2,03,395.74 lakhQ1 FY26 → Q1 FY27+35%
Consolidated profit for the period incl. JV (Q1 FY26)
₹6,698.45 → ₹7,621.83 lakhQ1 FY26 → Q1 FY27+14%
Standalone revenue from operations (Q1 FY26)
₹33,464.60 → ₹43,129.06 lakhQ1 FY26 → Q1 FY27+29%
Standalone profit for the period (Q1 FY26)
₹3,184.52 → ₹1,820.54 lakhQ1 FY26 → Q1 FY27−43%
Consolidated basic EPS (Q1 FY27)
₹2.67
Investment in PGTL equity during quarter
₹14,044.96 lakh
Investment planned — Salarpur unit
Rs 250 Cr in a span of next 2 years
Investment planned — DMIC unit
Rs. 450 crores in a span of 2-3 years
Consideration — Greater Noida Unit 5 asset sale
Cash Rs. 14.49 Cr
QIB proceeds utilised during quarter
Rs. 13,000.00 lakhs

‡ Computed by us from the filing’s own figures — not a company-stated number.

For a holder, the filing pairs a June-quarter result with a planned expansion at the wholly owned subsidiary, funded partly by bank term loans and internal accruals, alongside a related-party asset transfer and unit relocation. The disclosed capex figures and stated commencement dates are the company's own plans, not outcomes, and are still to play out.

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