1,966% Profit Growth: EMS stock jumps 6% after announcing robust results and growth guidance

Synopsis:- Shares surged nearly 8% after strong Q3FY26 results, with net profit jumping 55% YoY to ₹62 crore and EBITDA margin at 8.9%. FY26 guidance targets ₹5,700–5,800 crore turnover and ₹300–310 crore earnings, alongside ₹700–750 crore capex to drive capacity expansion and sustain growth momentum.

The shares of a prominent electronic manufacturing services provider gained up to 8 percent in today’s trading session after the company reported strong Q3FY26 Earnings and robust growth guidance.

With a market capitalization of Rs 17,092.01 crore, the shares of PG Electroplast Ltd were trading at Rs 601.45 per share, increasing around 7 percent as compared to the previous closing price of Rs 562.70 apiece.

Q3FY26 Highlights & guidance

The shares of PG Electroplast Ltd have seen significant movement after announcing its financial performance in Q3FY26, in which revenue increased by 45 percent on a year-on-year basis from Rs 968 crore in Q3FY25 to Rs 1,412 crore in Q3FY26. However, on a Quarter-on-Quarter basis, revenue increased by 116 percent from Rs 655 crore in Q2FY26 to Rs 1,412 crore in Q3FY26.

Moreover, net profit increased by 55 percent on a yearly basis from Rs 40 crore in Q3FY25 to Rs 62 crore in Q3FY26, meanwhile, on a quarter-on-quarter basis, net profit increased by 1,966 percent from Rs 3 crore in Q2FY26 to Rs 62 crore in Q3FY26. 

In Q3 FY26, EBITDA margin softened slightly to 8.9% from 9.5% in Q3 FY25, reflecting mild cost pressures despite strong revenue growth. However, PAT margin improved to 4.3% from 4.1%, supported by higher operating profit and better bottom-line performance. For the nine-month period, EBITDA margin stood at 8.7%, while PAT margin moderated to 3.6%.

However, PGEL has guided FY26 consolidated revenues at  Rs 5,700–5,800 crore, implying 17–19% growth over FY25 revenue of  Rs 4,870 crore. Net profit is projected at  Rs 300–310 crore versus  Rs 291 crore last year, reflecting 3–7% growth. The outlook signals steady expansion, supported by improving scale and continued demand across key consumer durable categories.

The product segment, including washing machines, room ACs, and coolers, is expected to grow 17–21% to  Rs 4,140–4,280 crore from  Rs 3,526 crore. Electronics revenue is projected to rise 29% to  Rs 450 crore. Goodworth Electronics is likely to surge 57% to  Rs 850 crore, driving total group revenues to  Rs 6,550–6,650 crore, up 21–23%.

To support this growth, PGEL plans  Rs 700–750 crore capex in FY26. Investments include a plastic components and coolers facility in Rajasthan, a washing machine campus in Greater Noida, a refrigerator campus in South India, and expanded AC capacity in Supa, West India. The expansion underscores management’s focus on strengthening manufacturing scale and regional presence.

PG Electroplast Ltd is a leading Indian electronic manufacturing services (EMS) and consumer durables company. It manufactures washing machines, air conditioners, coolers, and plastic components for major brands. With expanding capacities and integrated operations, the company has steadily strengthened its position in India’s fast-growing appliance and electronics market.

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