Pearl Global Industries532808Quarterly results

Record H1 revenue of INR 3,330 crore, PAT up 63.6%; interim dividend of INR 5.0 per equity share

Pearl Global Industries reported its highest ever half-yearly revenue of INR 3,330 crore, up 31.1% Y-o-Y, with PAT at INR 225 crore, up 63.6%.

By ScoutQuest · Thu 5 Nov 2026, 8:17 PM IST · 2 min read

H1 Revenue: INR 3,330 crore, up 31.1% Y-o-Y
H1 PAT: INR 225 crore, up 63.6%
Interim Dividend: INR 5.0 per equity share

What the update contains

Pearl Global Industries has shared a press release on its unaudited financial results for the quarter and half year ended September 30, 2026. The figures discussed here are the consolidated numbers. The company describes itself as one of India's largest listed garment exporters, manufacturing across India, Bangladesh, Vietnam, Indonesia and Guatemala.

Half-year performance (H1FY27)

Revenue stood at INR 3,330 crore, which the company calls its highest ever half-yearly revenue, growing 31.1% Y-o-Y, with growth reported across all locations.
PAT stood at INR 225 crore, up 63.6% Y-o-Y.
The company also reported that its EBITDA margin for the half year was its highest ever for any H1.

Quarter performance (Q2FY27)

Revenue stood at INR 1,802 crore, described as the highest ever quarterly revenue, growing 37.2% Y-o-Y.
PAT for the quarter was the highest ever at INR 126 crore, up 74.7% Y-o-Y.

Balance sheet and shareholder payout

Networth as on 30th September 2026 stood at INR 1,634 crore, compared with INR 1,438 crore as on 31st March 2026.
Cash and bank balance, excluding cash earmarked for LC payments, stood at INR 534 crore, with an additional INR 104 crore in mutual fund investments.
The board declared an interim dividend of INR 5.0 per equity share, which the release describes as about a 20.6% payout ratio with respect to Group PAT and 100% of face value of the share.

Operations

The company shipped 43.6 million pieces in H1FY27, against 37.1 million pieces in H1FY26.
A new manufacturing facility in Bangladesh was inaugurated. At optimum utilisation it is expected to add about 7 million pieces of annual capacity.

What management said

The Vice-Chairman and Non-Executive Director, Mr. Pulkit Seth, said H1FY27 was the company's strongest-ever half-yearly and quarterly performance. He referred to planned investments of about INR 675-725 crore between FY27 and FY30 and to an aspirational revenue target of INR 9,000-10,000 crore by FY30. The Managing Director, Mr. Pallab Banerjee, said the company has seen positive customer interest after the conclusion of the India-UK Free Trade Agreement, and referred to the proposed India-EU Free Trade Agreement as a potential positive for Indian apparel manufacturers. He also said the company remains mindful of external uncertainties, including geopolitical developments.

Points a reader may want to note

These are unaudited results for the period.
The investment plans, capacity addition and long-term revenue target are statements about the future. The release carries a safe harbour note saying such statements are based on estimates and actual results may differ materially.

In short, the release reports record revenue and profit for the half year and quarter, a higher networth, a declared interim dividend, and a new Bangladesh facility.

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