Pearl Global Industries Limited · NSE:PGIL
Pearl Global Industries — Q2 FY26 Earnings Presentation
26 slides from Pearl Global Industries's earnings presentation, Nov 11, 2025
Slide 1: Exchange filing cover letter
PGIL/SE/2025-26/53 Date: November 11, 2025 THE GENERAL MANAGER THE GENERAL MANAGER, DEPARTMENT OF CORPORATE SERVICES – CRD LISTING DEPARTMENT BSE LIMITED NATIONAL STOCK EXCHANGE OF INDIA LTD. 1ST FLOOR, NEW TRADING RING “EXCHANGE PLAZA”, PLOT NO. C- 1, ROTUNDA BUILDING, P. J. TOWERS G- BLOCK, BANDRA
Slide 2: Investor Presentation November 2025: Diversifying Horizons. Strengthening Foundations.
Pearl Global Industries Limited Investor Presentation November 2025 Diversifying Horizons. Strengthening Foundations.
Slide 3: Safe Harbour
Safe Harbour This presentation has been prepared by and is the sole responsibility of Pearl Global Industries Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitat
Slide 4: Q2 & H1FY26 Business Highlights
Q2 & H1FY26 Business Highlights
Slide 5: Management Commentary
Management Commentary Commenting on the Results, Mr. Pulkit Seth, Vice-Chairman & Non-Executive Director, said: “We are delighted to report another quarter of encouraging performance in Q2FY26 despite uncertain and volatile geo-political and macro environment. Consolidated revenue for H1FY26 crossed
Slide 6: Management Commentary
Management Commentary Commenting on the Results, Mr. Pallab Banerjee, Managing Director said: “We are pleased to share another quarter of strong financial performance, reflecting the resilience of our operations amid an evolving trade environment. In Q2FY26, Pearl Global achieved revenue of Rs. 1,31
Slide 7: Robust Consolidated H1 Performance with Record Revenue and Profitability
Robust Consolidated H1 Performance with Record Revenue and Profitability Consolidated Performance • In H1FY26, revenue rose to Rs. 2,541 crore, reflecting a growth of 12.7% Y-o-Y H1FY26 Q2FY26 • Strong performance was driven by high value-added product sales growth in Vietnam and Revenue Rs. 2,541 c
Slide 8: Consistent Dividend Payout
Consistent Dividend Payout 22.5% 22.9% The Company has finalised 18.6% 20.1% 15.4% a dividend policy wherein 10.6% the Company will declare Dividend Payout 9.7% (%) dividend of at least 20% of the consolidated profit after tax in a given year to FY18 FY19 FY22 FY23 FY24 FY25 H1FY26 the shareholders
Slide 9: Capex Update
Capex Update Planned Capex for FY26 Current Update Construction of the apparel manufacturing unit is in full Capacity Expansion in Bangladesh Rs. 110 crore swing and is targeted for completion by Q2FY27. Out of Rs. 110 crore allocated, Rs. 65 crore has been committed. Total Planned Capex Capacity Ex
Slide 10: Consolidated Financials
Consolidated Financials
Slide 11: Consolidated Group Performance – H1FY26
Consolidated Group Performance – H1FY26 In Rs. Crore Revenue Adj EBITDA* 5.2% 7.0% 8.8% 8.8% 9.3% 2,541 236 2,255 199 1,711 1,855 164 120 1,118 58 H1FY22 H1FY23 H1FY24 H1FY25 H1FY26 H1FY22 H1FY23 H1FY24 H1FY25 H1FY26 Adj PBT# PAT^ 2.3% 4.5% 5.6% 6.0% 6.1% 2.2% 3.6% 4.7% 5.2% 5.4% 156 138 134 118 103
Slide 12: Consolidated Group Performance – Q2FY26
Consolidated Group Performance – Q2FY26 In Rs. Crore Revenue Adj EBITDA* 5.9% 6.1% 8.3% 8.2% 9.3% 1,313 122 1,202 99 961 860 79 681 53 40 Q2FY22 Q2FY23 Q2FY24 Q2FY25 Q2FY26 Q2FY22 Q2FY23 Q2FY24 Q2FY25 Q2FY26 Adj PBT# PAT^ 3.4% 3.8% 4.7% 5.6% 6.0% 3.7% 3.0% 4.1% 4.6% 5.5% 79 72 67 56 46 39 32 26 26 2
Slide 13: Consolidated Financial Parameters
Consolidated Financial Parameters In Rs. Crore Net Worth Gross Debt Cash and Bank Balance^ 1,271 564 552 513 1,146 494 448 445 416 743 817 285 615 245 144 Mar-22 Mar-23 Mar-24 Mar-25 Sep-25 Mar-22 Mar-23 Mar-24 Mar-25 Sep-25 Mar-22 Mar-23 Mar-24 Mar-25 Sep-25 Return on Capital Employed (%)* ROE (%)
Slide 14: Working Capital Cycle
Working Capital Cycle Working Capital Days Inventory Days 63 73 59 57 53 52 38 38 30 33 Mar-22 Mar-23 Mar-24 Mar-25 Sep-25* Mar-22 Mar-23 Mar-24 Mar-25 Sep-25* Debtor Days Creditor Days 49 59 52 45 45 47 28 26 29 24 Mar-22 Mar-23 Mar-24 Mar-25 Sep-25* Mar-22 Mar-23 Mar-24 Mar-25 Sep-25* Ratios are c
Slide 15: Consolidated Performance Highlights – H1FY26
Consolidated Performance Highlights – H1FY26 Geographical Revenue (Export) Split No of Pieces Shipped Geographical Revenue (Export) Split (Rs. crore) (Mn Pieces) (Value in %) 4,506 37.1 36.0 1,196 3,436 3,158 55% 59% 2,714 954 70% 72% 73% 1,104 2,541 934 531 3,310 2,482 2,055 2,010 41% 45% 1,780 30%
Slide 16: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Particulars (In Rs. crore) Q2FY26 Q2FY25 Y-o-Y Q1FY26 Q-o-Q H1FY26 H1FY25 Y-o-Y Revenue Revenue from Operations 1,313 1,202 9.2% 1,228 6.9% 2,541 2,255 12.7% Cost of Goods Sold 725 670 663 1,387 1,217 In H1FY26, an increase in revenue by 12.7 % is led by high v
Slide 17: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (In Rs. crore) Sept-25 Mar-25 Liabilities (In Rs. crore) Sept-25 Mar-25 Non-Current assets Equity Property, Plant and Equipment 444 413 Equity Share capital 23 23 Capital work-in-progress 53 44 Other Equity 1,265 1,133 Investment Property 55 56 Non Controlling Inter
Slide 18: Calculation on Return on Capital Employed
Calculation on Return on Capital Employed Particulars (In Rs. crore) Sep-25 Sep-24 Earnings before Interest and Taxes (A) 391 312 Total Equity (B) 1,271 1,074 Long Term Borrowing 96 102 Short Term Borrowing 398 397 Total Borrowings 494 499 Less: Cash & Bank Balance net of committed LC Payments 416 3
Slide 19: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (In Rs. crore) H1FY26 H1FY25 Net Profit Before Tax 156 136 Adjustments for: Non -Cash Items / Other Investment or Financial Items 109 62 Operating profit before working capital changes 265 198 Changes in working capital 25 -131 Cash generated from Operati
Slide 20: Standalone Financials
Standalone Financials
Slide 21: Standalone Performance – H1FY26
Standalone Performance – H1FY26 In Rs. Crore Revenue Adj EBITDA* 4.7% 6.1% 6.2% 3.1% 5.7% 628 38 563 531 476 30 30 386 18 18 H1FY22 H1FY23 H1FY24 H1FY25 H1FY26 H1FY22 H1FY23 H1FY24 H1FY25 H1FY26 Adj PBT# PAT^ 2.6% 5.1% 3.5% 4.8% 8.2% 3.1% 3.7% 2.7% 4.9% 7.7% 44 41 32 28 27 24 17 12 13 10 H1FY22 H1FY
Slide 22: Standalone Performance – Q2FY26
Standalone Performance – Q2FY26 In Rs. Crore Revenue Adj EBITDA* 4.3% 5.4% 4.2% 1.5% 4.0% 301 287 16 264 216 219 11 9 9 4 Q2FY22 Q2FY23 Q2FY24 Q2FY25 Q2FY26 Q2FY22 Q2FY23 Q2FY24 Q2FY25 Q2FY26 Adj PBT# PAT^ 1.9% 2.7% 0.6% 4.3% 5.7% 3.5% 1.9% 0.5% 4.0% 5.6% 15 15 12 12 8 8 6 4 1 1 Q2FY22 Q2FY23 Q2FY24
Slide 23: Standalone Profit and Loss Statement
Standalone Profit and Loss Statement Particulars (In Rs. crore) Q2FY26 Q2FY25 Y-o-Y Q1FY26 Q-o-Q H1FY26 H1FY25 Y-o-Y Revenue Revenue from Operations 264 287 -8.0% 267 -1.0% 531 563 -5.8% Cost of Goods Solds 119 148 114 233 273 In H1FY26, India standalone revenue is decreased by 5.8%. Gross Profit 14
Slide 24: Standalone Balance Sheet
Standalone Balance Sheet Assets (In Rs. crore) Sep-25 Mar-25 Liabilities (In Rs. crore) Sep-25 Mar-25 Non Current assets Equity Property, Plant and Equipment 155 158 Equity Share capital 23 23 Capital work-in-progress 3 1 Investment Property 55 56 Other Equity 547 539 Other Intangible Asset 2 2 Tota
Slide 25: Standalone Cash Flow Statement
Standalone Cash Flow Statement Particulars (In Rs. crore) H1FY26 H1FY25 Net Profit Before Tax 43 29 Adjustments for: Non -Cash Items / Other Investment or Financial Items -11 -3 Operating profit before working capital changes 32 26 Changes in working capital 42 -6 Cash generated from Operations 74 2
Slide 26: Contact Us
Contact Us Company : Investor Relations Advisors : CIN: L74899DL1989PLC036849 CIN: U74140MH2010PTC204285 Mr. Sanjay Gandhi - Group CFO sanjay.gandhi@pearlglobal.com Mr. Karan Thakker karan.thakker@sgapl.net sanjay.gandhi@pearlglobal.com karan.thakker@sgapl.net +91 81699 62562 Mr. Shishir Gahoi, Head
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