Pearl Global Industries Limited has released the complete transcript of its Q3FY26 earnings conference call, providing comprehensive insights into the company's financial performance and strategic outlook for investors and analysts.

Earnings Call Documentation

The company filed the official transcript with stock exchanges on February 12, 2026, following the earnings conference call held on February 07, 2026. The call discussed unaudited financial results for the quarter and period ended December 31, 2025.

Financial Performance Highlights

During the earnings call, management presented strong financial results for the nine-month period. The company reported consolidated revenue of INR 3,711 crores, reflecting a growth of 13.2% year-on-year. Adjusted EBITDA stood at INR 333 crores, up by 14% year-on-year with a margin of 9%.

For Q3 FY26 specifically, total revenue reached INR 1,170 crores, marking the highest ever Q3 revenue in the last five years with a 14.4% year-on-year increase.

Strategic Developments and Trade Agreements

Managing Director Pallab Banerjee highlighted significant positive developments in international trade agreements. The India-U.S. bilateral trade deal has reduced tariffs from 50% to 18%, significantly enhancing India's textile export competitiveness. This follows recently signed agreements including the India-European Union Free Trade Agreement and India-U.K. FTA signed in July 2025.

Capacity Expansion and Operations Update

The company provided updates on its multi-geography expansion strategy. In Bangladesh, capacity expansion remains on track for completion by Q2 FY27, adding 6 million pieces capacity. The India operations currently run at an annualized revenue rate of INR 1,100 crores with built-up capability to generate revenues exceeding INR 1,500-1,600 crores.

Management Outlook

Group CFO Sanjay Gandhi expressed confidence in achieving double-digit EBITDA margins at both standalone and group levels in the coming financial year. The company expects substantial reduction in ramp-up costs from FY27 onwards, with operational efficiency improvements across all geographies.

Pearl Global Industries Limited has issued a clarification to BSE Limited regarding significant movement in its share price, stating that the volatility is attributable to market circumstances beyond the company's control.

Regulatory Compliance Confirmation

In response to BSE's inquiry dated February 5, 2026, the company confirmed its adherence to SEBI regulations. Pearl Global Industries emphasized that it has consistently complied with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates disclosure of all price-sensitive information.

Company's Position on Share Price Movement

The company categorically stated that it is not aware of any price-sensitive information that requires disclosure to stock exchanges under SEBI regulations but has not been communicated. Pearl Global Industries confirmed that all relevant events and information affecting the company's operations and performance have been promptly intimated to stock exchanges from time to time.

Market-Driven Volatility

Pearl Global Industries attributed the recent share price movement entirely to market circumstances, emphasizing that these appear to be market-driven factors over which the company has no control. The company also stated it is not aware of the underlying causes driving the market behavior that has resulted in the share price volatility.

Corporate Communication Details

The clarification was digitally signed by Company Secretary and Compliance Officer Shilpa Saraf on February 6, 2026. The response was issued from the company's registered and corporate office located at Pearl Tower, Plot No. 51, Sector-32, Gurugram, Haryana.