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 14-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 07-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Geographical
Description of single segment
Start date and time of board meeting 14-05-2026   17:00:00
End date and time of board meeting 14-05-2026   19:05:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,31,357.50 5,02,459.78
Other income 1,018.60 3,713.34
Total income 1,32,376.10 5,06,173.12
2 Expenses
(a) Cost of materials consumed 55,379.75 2,14,376.43
(b) Purchases of stock-in-trade 9,695.82 52,195.68
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 2,106.23 (3,167.49)
(d) Employee benefit expense 25,440.13 95,632.52
(e) Finance costs 2,630.18 10,322.43
(f) Depreciation, depletion and amortisation expense 2,280.72 8,727.17
(f) Other Expenses
1 Other Expenses 25,285.14 97,032.92
Total other expenses 25,285.14 97,032.92
Total expenses 1,22,817.97 4,75,119.66
3 Total profit before exceptional items and tax 9,558.13 31,053.46
4 Exceptional items (53.36) (123.08)
5 Total profit before tax 9,504.77 30,930.38
6 Tax expense
7 Current tax 1,689.18 5,082.01
8 Deferred tax (282.79) (1,154.46)
9 Total tax expenses 1,406.39 3,927.55
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 8,098.38 27,002.83
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 8,098.38 27,002.83
17 Other comprehensive income net of taxes 4,338.95 7,665.05
18 Total Comprehensive Income for the period 12,437.33 34,667.88
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 8,325.90 27,765.38
Total profit or loss, attributable to non-controlling interests 227.52 762.55
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 12,739.55 35,536.10
Total comprehensive income for the period attributable to owners of parent non-controlling interests 302.23 868.22
21 Details of equity share capital
Paid-up equity share capital 2,307.30 2,307.30
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve 1,43,674.18
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 18.05 60.34
Diluted earnings (loss) per share from continuing operations 18 60.16
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 18.05 60.34
Diluted earnings (loss) per share from continuing and discontinued operations 18 60.16
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 Standalone and Consolidated financial results of the company for the quarter and year ended March 31, 2026, which have been extracted from the audited financial statements, have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 14, 2026. The Statutory Auditors of the company have expressed an unmodified audit opinion 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 i.e. Hongkong, Bangladesh, India and Vietnam, which have been determined and presented on geographical basis. 4. Figures for the quarters ended March 31, 2026 and March 31, 2025 represents the balancing figures between the audited figures in respect of full financial year and published year to date reviewed figures upto the nine months ended December 31, 2025 and December 31, 2024 respectively. 5. The Board of Directors of the Company at its meeting held today have declared second interim dividend of Rs. 8.50 per equity share having face value of Rs. 5 each for the financial year 2025-26 amounting to Rs. 3,923.57 lakh 6. Other income of Rs.7763.79 lakh in respect of Standalone financial results for the year ended March 31, 2026 includes Rs. 4,272.57 lakh received from foreign subsidiaries, Norp Knit Industries Limited and Pearl Global HK Limited. 7. Exceptional items comprised loss-gain on sale of Property, Plant & Equipment aggregating to Rs. 40.15 Lakh and Rs.103.84 Lakh in respect of Standalone financial results for the quarter and year ended March 31, 2026 respectively. Exceptional items comprised loss-gain on sale of Property, Plant & Equipment aggregating to Rs. 53.36 Lakh and Rs.123.08 Lakh in respect of Consolidated financial results for the quarter and year ended March 31, 2026 respectively. 8. The Company has assessed the financial impact arising from the implementation of the New Labour Codes. These Codes have been made effective from November 21, 2025. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The financial impact, though not material, has been recognised in the financial results for the year ended on March 31, 2026. The Company continues to monitor further developments and additional impact, if any, will be evaluated and accounted for appropriately. 9. During the quarter ended March 31, 2026, one overseas step-down subsidiary namely, Pearl Global Fashion Singapore Pte. Ltd. has been incorporated on March 27, 2026. 10. Employee benefit expenses is provided for Rs. 321.23 lakh in standalone financials and Rs. 395.66 lakh in consolidated financials for stock options given to employees of the company or subsidiary company for year ended March 31, 2026. 11. The Audited results of the company for the quarter and year ended March 31, 2026 are also available on the Company 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


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 73,710.01
Capital work-in-progress 11,041.51
Investment property 5,495.42
Goodwill 2,407.21
Other intangible assets 216.88
Intangible assets under development 273.96
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 3,564.99
Trade receivables, non-current
Loans, non-current 0.95
Other non-current financial assets
1 Other non-current financial assets 1,329.12
2 Non Current tax assets (net) 366.39
Total of other non-current financial assets 1,695.51
Total non-current financial assets 5,261.45
Deferred tax assets (net) 1,978.61
Other non-current assets
1 Other non-current assets 810.13
Total of other non-current assets 810.13
Total non-current assets 1,01,195.18
2 Current assets
Inventories 88,247.36
Current financial asset
Current investments 0.00
Trade receivables, current 40,729.87
Cash and cash equivalents 70,441.15
Bank balance other than cash and cash equivalents 4,297.82
Loans, current 2,218.97
Other current financial assets
Total of other current financial assets 3,344.04
Total current financial assets 1,21,031.85
Current tax assets (net)
Other current assets
1 Other current assets 13,995.64
Total of other current assets 13,995.64
Total current assets 2,23,274.85
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 3,24,470.03
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2,307.30
Other equity 1,43,674.18
Total equity attributable to owners of parent 1,45,981.48
Non controlling interest (2,182.47)
Total equity 1,43,799.01
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 10,306.66
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
1 Other non-current financial liabilities 23,634.38
Total of other non-current financial liabilities 23,634.38
Total non-current financial liabilities 33,941.04
Provisions, non-current 6,792.94
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
1 Other non-current liabilities 50.38
Total of other non-current liabilities 50.38
Total non-current liabilities 40,784.36
Current liabilities
Current financial liabilities
Borrowings, current 58,370.18
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 3,194.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 66,581.45
Total Trade payable 69,775.45
Other current financial liabilities
1 Other current financial liabilities 3,567.97
Total of other current financial liabilities 3,567.97
Total current financial liabilities 1,31,713.60
Other current liabilities 4,122.46
1 Other current liabilities 4,122.46
Total of other current liabilities 4,122.46
Provisions, current 1,304.94
Current tax liabilities (Net) 2,745.66
Deferred government grants, Current
Total current liabilities 1,39,886.66
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 1,80,671.02
Total equity and liabilites 3,24,470.03
Disclosure of notes on assets and liabilities



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 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Hong Kong 98,078.07 3,93,705.95
2 India 31,151.43 1,09,446.44
3 Bangladesh 49,753.27 1,69,151.32
4 Vietnam 17,650.82 98,443.70
5 Others 21,424.77 47,433.48
Total Segment Revenue 2,18,058.36 8,18,180.89
Less: Inter segment revenue 86,700.86 3,15,721.11
Revenue from operations 1,31,357.50 5,02,459.78
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Hong Kong 4,247.79 16,331.63
2 India 2,326.69 4,677.38
3 Bangladesh 3,958.27 12,017.66
4 Vietnam 748.84 9,105.16
5 Others 853.36 (879.02)
Total Profit before tax 12,134.95 41,252.81
i. Finance cost 2,630.18 10,322.43
ii. Other Unallocable Expenditure net off Unallocable income 0.00 0.00
Profit before tax 9,504.77 30,930.38
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Hong Kong 89,413.61 89,413.61
2 India 1,00,743.72 1,00,743.72
3 Bangladesh 95,808.16 95,808.16
4 Vietnam 51,007.54 51,007.54
5 Others 36,258.93 36,258.93
Total Segment Asset 3,73,231.96 3,73,231.96
Un-allocable Assets (48,761.93) (48,761.93)
Net Segment Asset 3,24,470.03 3,24,470.03
4 Segment Liabilities
Segment Liabilities
1 Hong Kong 29,829.11 29,829.11
2 India 31,712.95 31,712.95
3 Bangladesh 46,855.58 46,855.58
4 Vietnam 29,429.55 29,429.55
5 Others 18,843.50 18,843.50
Total Segment Liabilities 1,56,670.69 1,56,670.69
Un-allocable Liabilities 24,000.33 24,000.33
Net Segment Liabilities 1,80,671.02 1,80,671.02
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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
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 (400.85) (569.14)
Total Amount of items that will not be reclassified to profit and loss (400.85) (569.14)
2 Income tax relating to items that will not be reclassified to profit or loss 10.82 (12.85)
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified to profit or loss 4,799.58 8,101.58
Total Amount of items that will be reclassified to profit and loss 4,799.58 8,101.58
4 Income tax relating to items that will be reclassified to profit or loss 48.96 (119.76)
5 Total Other comprehensive income 4,338.95 7,665.05



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 30,930.38
Adjustments for reconcile profit (loss)
Adjustments for finance costs 10,311.61
Adjustments for decrease (increase) in inventories (17,734.71)
Adjustments for decrease (increase) in trade receivables, current (7,715.99)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (859.84)
Adjustments for decrease (increase) in other non-current assets 336.44
Adjustments for other financial assets, non-current (250.37)
Adjustments for other financial assets, current (2,544.75)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 13,677.69
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 647.07
Adjustments for increase (decrease) in other non-current liabilities (6.61)
Adjustments for depreciation and amortisation expense 8,727.17
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 158.25
Adjustments for provisions, non-current 1,629.74
Adjustments for other financial liabilities, current 649.53
Adjustments for other financial liabilities, non-current (42.32)
Adjustments for unrealised foreign exchange losses gains (316.33)
Adjustments for dividend income 0.00
Adjustments for interest income 1,768.21
Adjustments for share-based payments 395.66
Adjustments for fair value losses (gains) (53.34)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (1,113.60)
Other adjustments to reconcile profit (loss) 8,577.43
Other adjustments for non-cash items 52.29
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 12,756.81
Net cash flows from (used in) operations 43,687.19
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 3,976.64
Other inflows (outflows) of cash 123.08
Net cash flows from (used in) operating activities 39,833.63
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 534.70
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 143.04
Purchase of property, plant and equipment 18,658.28
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 473.44
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 1,740.30
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 1,982.21
Net cash flows from (used in) investing activities (15,800.87)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 658.47
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 13,521.94
Repayments of borrowings 0.00
Payments of lease liabilities 0.00
Dividends paid 6,036.60
Interest paid 8,019.88
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (4,716.35)
Net cash flows from (used in) financing activities (4,592.42)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 19,440.34
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 19,440.34
Cash and cash equivalents cash flow statement at beginning of period 51,000.81
Cash and cash equivalents cash flow statement at end of period 70,441.15





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s. S R Dinodia & Co. LLP Yes 30-09-2028