Pearl Global Q2 FY27 Net Profit Rises 75% YoY

Key Quantitative Figures

Consolidated Financial Results (Q2 FY27):

Revenue from Operations: ₹1,80,153.38 lakh (Q2 FY26: ₹1,31,293.00 lakh)
Total Income: ₹1,81,138.07 lakh (Q2 FY26: ₹1,32,107.57 lakh)
Profit Before Tax: ₹13,477.00 lakh (Q2 FY26: ₹7,937.48 lakh)
Net Profit: ₹12,575.85 lakh (Q2 FY26: ₹7,197.16 lakh)
Basic EPS: ₹13.62 (Q2 FY26: ₹7.98)
Diluted EPS: ₹13.50 (Q2 FY26: ₹7.92)

Consolidated Financial Results (H1 FY27):

Revenue from Operations: ₹3,32,979.49 lakh (H1 FY26: ₹2,54,084.71 lakh)
Total Income: ₹3,35,035.52 lakh (H1 FY26: ₹2,56,029.48 lakh)
Profit Before Tax: ₹25,433.60 lakh (H1 FY26: ₹15,570.35 lakh)
Net Profit: ₹22,499.28 lakh (H1 FY26: ₹13,753.10 lakh)
Basic EPS: ₹24.50 (H1 FY26: ₹15.36)
Diluted EPS: ₹24.31 (H1 FY26: ₹15.15)

Standalone Financial Results (Q2 FY27):

Revenue from Operations: ₹30,836.51 lakh (Q2 FY26: ₹26,403.86 lakh)
Total Income: ₹33,312.72 lakh (Q2 FY26: ₹28,581.51 lakh)
Profit Before Tax: ₹1,604.14 lakh (Q2 FY26: ₹1,498.73 lakh)
Net Profit: ₹1,612.63 lakh (Q2 FY26: ₹1,474.03 lakh)
Basic EPS: ₹1.75 (Q2 FY26: ₹1.61)
Diluted EPS: ₹1.73 (Q2 FY26: ₹1.59)

Standalone Financial Results (H1 FY27):

Revenue from Operations: ₹64,797.40 lakh (H1 FY26: ₹53,069.60 lakh)
Total Income: ₹68,477.34 lakh (H1 FY26: ₹57,841.34 lakh)
Profit Before Tax: ₹3,335.86 lakh (H1 FY26: ₹4,320.76 lakh)
Net Profit: ₹2,856.74 lakh (H1 FY26: ₹4,058.40 lakh)
Basic EPS: ₹3.09 (H1 FY26: ₹4.42)
Diluted EPS: ₹3.07 (H1 FY26: ₹4.36)

Dates of Action

Board Meeting Date: November 05, 2026 (commenced at 5:30 PM, concluded at 7:05 PM)
Record Date for Interim Dividend: November 13, 2026
Bonus Share Record Date: September 11, 2026
Financial Period: Quarter and Half Year ended September 30, 2026
Auditor Review Report Date: November 5, 2026

Parties Involved

Board of Directors of Pearl Global Industries Limited
Audit Committee of the Company
Statutory Auditors: S.R. Dinodia & Co. LLP (Firm Registration Number 001478N/N500005)
Subsidiaries: 24 entities consolidated (14 foreign, 3 domestic, 7 indirectly held foreign)

Corporate Actions Approved

1. Interim Dividend: Declared first interim dividend of ₹5 per equity share (100% on face value of ₹5 each) for FY 2026-27. Dividend will be paid within 30 days from declaration date.

2. Bonus Issue: Successfully completed allotment of 1 bonus equity share for every 1 existing equity share held. Allotment of 4,61,90,542 bonus equity shares increased paid-up capital from ₹23,09,52,710 (4,61,90,542 shares) to ₹46,19,05,420 (9,23,81,084 shares).

Financial Impact Details

Exceptional Items:

Standalone: Loss on sale of Property, Plant & Equipment & Property Tax settlement with Municipal Corporation aggregating to ₹166.47 lakh (net) for Q2 and ₹425.04 lakh for H1
Consolidated: Loss on sale of Property, Plant & Equipment & Property Tax settlement with Municipal Corporation aggregating to ₹163.44 lakh (net) for Q2 and ₹456.19 lakh for H1

Segment-wise Performance (Consolidated):

Revenue by Geography (Q2 FY27):

Hong Kong: ₹1,13,614.85 lakh (38.60%)
India: ₹31,012.69 lakh (10.54%)
Bangladesh: ₹47,981.84 lakh (16.30%)
Vietnam: ₹35,466.29 lakh (12.05%)
UAE: ₹53,960.48 lakh (18.33%)
Others: ₹12,277.16 lakh (4.18%)

Profit Before Tax by Geography (Q2 FY27):

Hong Kong: ₹6,912.82 lakh (42.26%)
UAE: ₹4,576.31 lakh (27.98%)
Bangladesh: ₹2,846.93 lakh (17.41%)
Vietnam: ₹1,765.00 lakh (10.79%)
India: (₹84.66) lakh (-0.52%)
Others: ₹339.99 lakh (2.08%)

ESOP Transactions:

Granted 1,26,500 ESOPs to eligible employees during Q2 FY27
ESOP entitlement proportionately adjusted due to bonus issue, increasing from 1,26,500 to 2,53,000 options
Employee benefit expense: ₹168.68 lakh (standalone) and ₹279.24 lakh (consolidated) for stock options for H1 FY27
Allotted 6,425 equity shares pursuant to exercise of stock options during Q2 FY27

Subsequent Events

1. New Subsidiary: Vin Pearl Global Vietnam Limited (step-down subsidiary) incorporated 'Great Pearl Vietnam Global Limited' in Vietnam effective October 20, 2026

2. ESOP Allotment: Company allotted 1,09,300 equity shares pursuant to exercise of stock options by eligible employees under ESOP Scheme

3. Liquidation: Pearl Unlimited Inc. (step-down subsidiary) voluntarily liquidated/dissolved effective October 16, 2026, ceasing to be a subsidiary

Capital Structure Impact

Pre-bonus share capital: ₹23,09,52,710 (4,61,90,542 equity shares of ₹5 each)
Post-bonus share capital: ₹46,19,05,420 (9,23,81,084 equity shares of ₹5 each)
100% increase in outstanding shares due to bonus issue
EPS calculations retroactively adjusted in accordance with Ind AS 33

Cash Flow Implications

Standalone Cash Flows (H1 FY27):

Net cash used in operating activities: ₹(1,914.37) lakh
Net cash used in investing activities: ₹(9,256.28) lakh
Net cash used in financing activities: ₹(1,175.86) lakh
Net decrease in cash and cash equivalents: ₹(12,346.51) lakh

Consolidated Cash Flows (H1 FY27):

Net cash from operating activities: ₹487.23 lakh
Net cash used in investing activities: ₹(31,776.79) lakh
Net cash from financing activities: ₹15,814.48 lakh
Net decrease in cash and cash equivalents: ₹(15,475.08) lakh

Asset and Liability Position

Consolidated as at September 30, 2026:

Total Assets: ₹3,98,611.17 lakh
Total Equity: ₹1,63,373.76 lakh
Non-current liabilities: ₹47,528.90 lakh
Current liabilities: ₹1,87,708.51 lakh

Standalone as at September 30, 2026:

Total Assets: ₹1,17,976.81 lakh
Total Equity: ₹57,980.38 lakh
Non-current liabilities: ₹9,747.23 lakh
Current liabilities: ₹50,249.20 lakh

Auditor Review

Statutory auditors conducted limited review of unaudited financial results
Review report issued by S.R. Dinodia & Co. LLP
Based on review, nothing came to attention that causes belief that financial results contain material misstatement
Four subsidiaries not reviewed by principal auditors, relying on other auditors' reports

Additional Information

Company registered office: Pearl Tower, Plot No. 51, Sector-32, Gurugram - 122001, Haryana