Integrated Filing — IndAS



General information about company

Scrip Code 532808
NSE Symbol PGIL
MSEI Symbol NOTLISTED
ISIN INE940H01022
Name of company Pearl Global Industries Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 06-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 28-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Geographical
Description of single segment
Start date and time of board meeting 06-02-2026   16:00:00
End date and time of board meeting 06-02-2026   17:25:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,17,017.57 3,71,102.28
Other income 749.97 2,694.74
Total income 1,17,767.54 3,73,797.02
2 Expenses
(a) Cost of materials consumed 51,946.86 1,58,996.68
(b) Purchases of stock-in-trade 12,130.23 42,499.86
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (6,591.86) (5,273.72)
(d) Employee benefit expense 25,081.84 70,192.39
(e) Finance costs 2,213.86 7,692.25
(f) Depreciation, depletion and amortisation expense 2,236.24 6,446.45
(f) Other Expenses
1 Other expenditure 24,855.37 71,747.78
Total other expenses 24,855.37 71,747.78
Total expenses 1,11,872.54 3,52,301.69
3 Total profit before exceptional items and tax 5,895.00 21,495.33
4 Exceptional items (39.74) (69.72)
5 Total profit before tax 5,855.26 21,425.61
6 Tax expense
7 Current tax 973.74 3,392.83
8 Deferred tax (269.83) (871.67)
9 Total tax expenses 703.91 2,521.16
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 5,151.35 18,904.45
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 5,151.35 18,904.45
17 Other comprehensive income net of taxes 1,198.76 3,326.10
18 Total Comprehensive Income for the period 6,350.11 22,230.55
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 5,325.64 19,439.48
Total profit or loss, attributable to non-controlling interests (174.29) (535.03)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 6,524.08 22,796.54
Total comprehensive income for the period attributable to owners of parent non-controlling interests (173.97) (565.99)
21 Details of equity share capital
Paid-up equity share capital 2,304.42 2,304.42
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 11.57 42.28
Diluted earnings (loss) per share from continuing operations 11.53 42.13
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 11.57 42.28
Diluted earnings (loss) per share from continuing and discontinued operations 11.53 42.13
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes to Financials Results for the quarter and period ended December 31, 2025: 1.The standalone and consolidated financial results of the company for the quarter and period ended December 31, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on February 6, 2026. The Statutory Auditors of the company have carried out a limited review on these financial results. 2. The above financial results have been prepared in accordance with the recognition and measurement principles of accounting standards generally accepted in India, including the Indian Accounting Standards (Ind AS) prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and in compliance with Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. 3. The standalone operations of the company falls primarily under manufacturing of garments which is considered to be the only reportable segment by the management. For consolidated operations, the Group has primarily four operating segments (Hongkong, Bangladesh, India and Vietnam), which have been determined and presented on geographical basis. 4. The Board of Directors of the Company at its meeting held on November 11, 2025 had declared first Interim Dividend of Rs. 6 per equity share having face value of Rs. 5/- each for the financial year 2025-26 . Such Dividend has been paid during the quarter ended December 2025. 5. Other income of Rs.6,572.07 lakh in respect of standalone financial results for the period ended December 31, 2025, includes Dividend of Rs. 4,272.43 lakh received from foreign subsidiaries, Norp Knit Industries Limited and Pearl Global (HK) Limited. Out of these, dividend income of Rs. 1,839.40 lakh was booked in quarter ended June 30, 2025, Rs. 1,326.35 lakh in quarter ended September 30, 2025 and Rs. 1,106.68 lakh in quarter ended December 31, 2025. 6. Exceptional items comprised loss/(gain) on sale of assets aggregating to Rs. 30.21 lakh(net) and Rs. 63.69 lakh (net) in respect of Standalone financial results for the quarter and period ended December 31, 2025, respectively. Exceptional items comprised loss/(gain) on sale of assets aggregating to Rs. 39.74 lakh(net) and Rs. 69.72 lakh (net) in respect of Consolidated financial results for the quarter and period ended December 31, 2025. 7. The Nomination and Remuneration Committee (Committee) had allotted 109,750 shares during the quarter ended December 31, 2025 to the eligible employees of the group on exercise of stock options. Employee benefit expenses is provided for Rs. 265.32 lakh in standalone financials and Rs. 321.99 lakh in consolidated financials for stock options given to employees of the company/subsidiary company for period ended December 31, 2025. 8. On November 21, 2025, the Government of India notified provisions of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020, (Labour Codes) which consolidate twenty-nine existing labour laws into a unified framework governing employee benefit during employment and post-employment. The Labour Codes, amongst other things introduces changes, including a uniform definition of wages and enhanced benefits relating to leave. The company is in the process of evaluating the financial impact of above amendments. Based on the initial assessment, considering the current salary structure of the company and consistent with the guidance issued by the Institute of Chartered Accountants of India, management is of the view that said change is unlikely to have a material impact. Further, the Central and State Governments are yet to notify the Rules on various aspects of the Labour Codes. Upon notification of the same, the Company will evaluate the overall impact, if any, on the measurement of employee benefits and will provide appropriate accounting treatment accordingly. Hence, no provision has been made during the current quarter towards any potential increase in Gratuity and Leave Encashment liability, if any. 9. The unaudited results of the company for the quarter and period ended December 31, 2025 are also available on the Company's website (www.pearlglobal.com) and on the website of BSE Limited (www.bseindia.com) and National Stock Exchange of India Limited (www.nseindia.com)



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Hong Kong 89,108.21 2,95,627.87
2 India 25,164.87 78,295.02
3 Bangladesh 42,368.68 1,19,398.04
4 Vietnam 20,849.28 80,792.88
5 Others 9,112.29 26,008.73
Total Segment Revenue 1,86,603.33 6,00,122.54
Less: Inter segment revenue 69,585.76 2,29,020.26
Revenue from operations 1,17,017.57 3,71,102.28
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Hong Kong 4,078.92 12,083.84
2 India 245.47 2,350.68
3 Bangladesh 3,540.56 8,059.38
4 Vietnam 832.57 8,356.33
5 Others (628.40) (1,732.37)
Total Profit before tax 8,069.12 29,117.86
i. Finance cost 2,213.86 7,692.25
ii. Other Unallocable Expenditure net off Unallocable income 0.00 0.00
Profit before tax 5,855.26 21,425.61
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Hong Kong 84,404.83 84,404.83
2 India 97,485.54 97,485.54
3 Bangladesh 85,817.85 85,817.85
4 Vietnam 42,438.39 42,438.39
5 Others 27,043.54 27,043.54
Total Segment Asset 3,37,190.15 3,37,190.15
Un-allocable Assets (41,535.87) (41,535.87)
Net Segment Asset 2,95,654.28 2,95,654.28
4 Segment Liabilities
Segment Liabilities
1 Hong Kong 31,722.30 31,722.30
2 India 31,893.85 31,893.85
3 Bangladesh 41,994.61 41,994.61
4 Vietnam 23,046.06 23,046.06
5 Others 12,540.13 12,540.13
Total Segment Liabilities 1,41,196.95 1,41,196.95
Un-allocable Liabilities 23,410.96 23,410.96
Net Segment Liabilities 1,64,607.91 1,64,607.91
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to profit or loss (55.22) (168.29)
Total Amount of items that will not be reclassified to profit and loss (55.22) (168.29)
2 Income tax relating to items that will not be reclassified to profit or loss (7.54) (23.67)
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified to profit or loss 1,237.86 3,302.00
Total Amount of items that will be reclassified to profit and loss 1,237.86 3,302.00
4 Income tax relating to items that will be reclassified to profit or loss (8.58) (168.72)
5 Total Other comprehensive income 1,198.76 3,326.10