Integrated Filing — IndAS



General information about company

Scrip Code 543912
NSE Symbol PIGL
MSEI Symbol NOTLISTED
ISIN INE557Z01018
Name of company Power & Instrumentation (Gujarat) 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 13-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 07-02-2026
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 Single segment
Description of single segment Electrical Contracting
Start date and time of board meeting 13-02-2026   17:45:00
End date and time of board meeting 13-02-2026   18:25:00
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 4,865.54 16,023.23
Other income 23.28 111.89
Total income 4,888.82 16,135.12
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 4,107.89 14,376.47
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (183.35) (725.14)
(d) Employee benefit expense 139.03 358.19
(e) Finance costs 140.38 293.37
(f) Depreciation, depletion and amortisation expense 15.89 31.78
(f) Other Expenses
1 Other Expenses 209.37 357.33
Total other expenses 209.37 357.33
Total expenses 4,429.21 14,692.00
3 Total profit before exceptional items and tax 459.61 1,443.12
4 Exceptional items (6.32) (6.32)
5 Total profit before tax 453.29 1,436.80
6 Tax expense
7 Current tax 66.60 301.81
8 Deferred tax 29.18 45.06
9 Total tax expenses 95.78 346.87
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 357.51 1,089.93
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 (0.12) 0.63
16 Total profit (loss) for period 357.39 1,090.56
17 Other comprehensive income net of taxes (9.81) (9.81)
18 Total Comprehensive Income for the period 347.58 1,080.75
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0.00 0.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 332.13 1,065.30
Total comprehensive income for the period attributable to owners of parent non-controlling interests 25.26 25.26
21 Details of equity share capital
Paid-up equity share capital 1,802.29 1,802.29
Face value of equity share capital 10 10
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 1.82 5.98
Diluted earnings (loss) per share from continuing operations 1.69 5.55
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 1.82 5.98
Diluted earnings (loss) per share from continuing and discontinued operations 1.69 5.55
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) 1.The above Consolidated financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under section 133 of the Companies Act, 2013, read with Companies (Indian Accounting Standards) Rules, 2015 2.The Company operates in one segment namely Electrical Contracting and therefore segment reporting as required under IndAS-108 is not applicable 3.Figures of previous year period have been regrouped recast wherever necessary in order to make them comparable 4.The above results have been reviewed by audit committee and approved by Board of Directors of Company at its meeting held on 13 February 2026 5.During the quarter ended 30 September 2025 the Company increased its stake in Peaton Electrical Company Limited through acquisition of an additional 35.82% equity shareholding for a consideration of RS.12.54 crore thereby raising its total holding from 15.24% to 51.06%. Accordingly PECL became a subsidiary of the Company with effect from September 11, 2025. The investment is carried at cost in the standalone financial results in accordance with Ind AS 27 Separate Financial Statements 6.On November 21, 2025 the Government of India notified the four Labour Codes 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 consolidating 29 existing labour laws. The Ministry of Labour and Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Group has assessed and disclosed the incremental impact of these changes on the basis of legal opinion obtained and the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Group has presented such incremental impact as Statutory impact of new Labour Codes under Exceptional Items in the consolidated interim statement of profit and loss for the period ended December 31, 2025. The incremental impact consisting of gratuity of Rs.6.32 Lacs primarily arises due to change in wage definition. The Group continues to monitor the finalisation of Central State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed.



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)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
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
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 9.81 9.81
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (9.81) (9.81)