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Pearl Global Industries (PGIL) investor relations material
Pearl Global Industries Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 FY27 delivered record consolidated revenue of ₹3,330 crore, up 31.1% YoY; adjusted EBITDA rose 47.7% and PAT rose 63.6%.
Management expects H2 growth to continue, citing a healthy Q3 order book, customer demand and diversified sourcing; no current demand slowdown was reported.
Unaudited standalone and consolidated Q2 and H1 results were approved; statutory auditors issued limited review reports.
Financial highlights
H1 revenue was ₹3,329.79 crore versus ₹2,540.85 crore; PBT was ₹254.34 crore versus ₹155.70 crore in H1 FY26.
Q2 revenue reached a record ₹1,801.53 crore, up 37.2% YoY; adjusted EBITDA was ₹184 crore, up 51.1%.
H1 adjusted EBITDA excluding ESOP expenses was ₹348 crore, up 47.7%; adjusted EBITDA margin was 10.5%, versus 9.3%.
Consolidated H1 gross profit was ₹1,656 crore, up 43.6%; gross margin improved to 49.7% from 45.4%.
H1 consolidated net profit was ₹224.99 crore; Q2 consolidated net profit was ₹125.76 crore.
Outlook and guidance
FY27 revenue is expected to exceed ₹6,000 crore; Q3 order book is healthy, while Q4 bookings are still being built and piece volumes depend on knit/woven mix.
Management expects H2 growth to continue but considers it too early to project whether FY28 can repeat current 30%+ growth.
Long-term adjusted EBITDA margin ambition is 12%-14% over four years, supported by pricing, cost improvement and operating leverage.
Management cited an aspirational FY30 revenue target of ₹9,000-10,000 crore, supported by the order pipeline and expanded manufacturing footprint.
- Revenue up 8% to ₹3,436.15 Cr; EBITDA margin rises to 8.96% on overseas growth.PGIL
Q4 23/24 - Record Q1 revenue and profit growth, 1:1 bonus share issue, and new director appointment.PGIL
Q1 26/27 - Record revenue, margin expansion, and robust dividend highlight strong FY26 performance.PGIL
Investor presentation - Record revenue, margin expansion, and highest-ever dividend payout amid global headwinds.PGIL
Q4 25/26 - Strong revenue and margin growth, with India set for further expansion and upgraded ratings.PGIL
Q3 25/26 - FY25 saw record revenue, margin expansion, global growth, and strong UK prospects post-FTA.PGIL
Q4 24/25 - Record revenue and profit growth, strong volumes, and interim dividend paid.PGIL
Q3 24/25 - Q1 FY26 delivered robust revenue and EBITDA growth, driven by Vietnam and Indonesia amid tariff headwinds.PGIL
Q1 25/26 - Strong revenue and profit growth, robust margins, and interim dividend declared.PGIL
Q2 25/26
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