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PG Electroplast share price will react to Q2 results that beat expectations, but trade payables rise - Published OnOct 28, 2026 | 05:14 IST - Last Updated OnOct 28, 2026 | 05:14 IST PG Electroplast's headline numbers were ahead of expectations during the September quarter. However, gross debt has seen an increase due to capacity expansion plans while higher commodity costs impacted gross margins. Shares of PG Electroplast Ltd. will be reacting to their September quarter results on Wednesday, October 28, that turned out to be better than what analysts were anticipating. The numbers were declared after market hours on Tuesday. For the quarter gone by, PG Electroplast reported revenue growth of 43% from last year to ₹933.88 crore. Analysts on the other hand, were anticipating the company's topline to grow by 30%. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased by 55% on a year-on-year basis to ₹69.1 crore. The figure was also higher than expectations of ₹48 crore, while margins expanded to 7.4% from 6.8% last year. The analysts were projecting the margin figure to be 5.6%. However, higher commodity prices had an impact on the company's gross margins, which fell 370 basis points to 17.8%. Aside of the numbers, PG Electroplasts' trade payables surged by 57% from last year to ₹1,226 crore, while average Payable Days increased from 50.48 to 71.69. Gross Debt also increased to ₹713.67 crore at the end of the September quarter, from ₹483.53 crore last year. Cash and bank balances declined to ₹422 crore from ₹630 crore, while its trailing 12-month Return on Capital Employed (RoCE) fell to 12.4% from 20.8% year-on-year, and its return on equity (RoE) fell to 7.2% from 12.6% last year. Going ahead, PG Electroplast believes that its product business will drive the company's future growth. New offerings are being developed in the focus segment and launches will be seen in the upcoming quarters. The company highlighted R&D, new product development, backward integration and capability enhancement as its strategic priorities. Shares of PG Electroplast ended 5.4% higher on Tuesday at ₹500.55 ahead of the results being announced. The stock though, is still down 13% for the year.
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