PG Electroplast shares in focus after Q2 earnings miss, but FY26 guidance maintained

Shares of PG Electroplast Ltd. will be in focus on Friday, November 14, as the stock will be reacting to its September quarter results that were reported after market hours on Thursday.

The company's revenue at ₹655 crore was in-line with the CNBC-TV18 poll expectation of ₹625 crore.

Net profit for the period fell 88% from last year to ₹2.4 crore, which was lower than expectations of ₹6.5 crore. The company managed to stay in the green due to an other income of ₹14.5 crore, which is 2.5x higher than the same quarter last year.

Earnings, Tax, Depreciation and Amortisation (EBITDA) dropped by 47%, margins also narrowed, and both were below expectations. The only positive, if any, could be a 560 basis points expansion in the company's gross margins.

PG Electroplast has maintained its guidance for the full year across parameters. It continues to expect revenue growth between 17% to 19%, profit growth between 3% to 7% and capex to range between ₹700 crore to ₹750 crore.

The management added that the near-term growth momentum may moderate but the medium to long-term outlook remains positive. It also said that the order book remains healthy across products but demand trends are being closely monitored.

Shares of PG Electroplast had ended 6.1% higher on Thursday at ₹560.5 ahead of the results announcement.