Divya Agarwal
Ahmedabad (Gujarat) [India], November 15: Power & Instrumentation (Gujarat) Limited, (NSE – PIGL, BSE – 543912), one of the leading players in the electrical contracting and equipment industry, has announced its Unaudited Financial Results for Q2 & H1 FY26.
Key Consolidated Financial Highlights:
H1 FY26
- Total Income of ₹ 112.46 Cr, YoY growth of 37.57%
- EBITDA of ₹ 11.52 Cr, YoY growth of 18.86%
- Net Profit of ₹ 7.33 Cr, YoY growth of 27.29%
- EPS of ₹ 4.16, YoY growth of 4.26%
Q2 FY26
- Total Income of ₹ 70.91 Cr, YoY growth of 27.20%
- EBITDA of ₹ 7.24 Cr, YoY growth of 19.80%
- Net Profit of ₹ 4.71 Cr, YoY growth of 21.11%
- EPS of ₹ 2.66
Commenting on the financial performance, Mr Padmaraj Padmnabhan Pillai, Managing Director, Power & Instrumentation (Gujarat) Limited, said, “We are pleased to report a good performance in Q2 & H1 FY26, reflecting the company’s focus on execution excellence, operational discipline, and sustained growth across key business segments. The quarter delivered healthy improvement in both revenue and profitability, supported by a strong order inflow and efficient project management.
During the period, the company secured significant orders under government-led rural electrification schemes, further reinforcing its presence in critical national infrastructure initiatives. PIGL also progressed its strategic investment in Peaton Electrical Company Limited, which will enhance backward integration and create synergies in manufacturing and technology collaboration.
Looking ahead, the company remains confident of leveraging India’s continued emphasis on power distribution modernisation and renewable energy expansion. With a strong order book, deep domain expertise, and a growing presence across power, infrastructure, and renewable segments, PIGL is well-positioned to sustain its growth trajectory and deliver long-term value to all stakeholders.”
Key Operational Highlights
| Electrification Project from Ajmer Vidyut Vitran Nigam Limited | Secured a ₹102.78 Cr (including GST) turnkey contract for the supply, erection, installation, testing, and commissioning of distribution infrastructure under the Dharti Aaba Janjatiya Gram Utkarsh Abhiyan (DA-JGUA) scheme. The project encompasses nine circles across Rajasthan and is scheduled for completion within fifteen months. |
| Solar EPC Project in Gujarat | Received a ₹9.50 Cr order from Sadashiv Projects India Private Limited for design, engineering, supply, and testing of a 5 MWp ground-mounted solar project across multiple sites in Gujarat. The work will be completed over a six-month period. |
| Order from Nyati Engineering & Construction Private Limited | Awarded work for design, supply, installation, testing, and commissioning of ELV raceways and cable tray systems at Udaipur Air Terminal, Rajasthan. The project, valued at ₹2.59 Cr, is to be completed within six months. |
| Order from ATS Techno Limited | Secured a ₹21.39 Cr order from ATS Techno Limited for designing, supplying, installing, testing, commissioning, and handing over a factory shed at Star Platinum Industrial Park, Ahmedabad, to be executed within 12 months. |
| Acquisition of Peaton Electrical Company Limited (PECL) | Acquired an additional 35.82 per cent stake in PECL, increasing shareholding to 51.06 per cent and making it a subsidiary. The move strengthens PIGL’s position in panel manufacturing and the electrical equipment sector. |
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