Power & Instrumentation (Gujarat) Limited — Investor Meet, 22-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

PIGL had a robust Q1 FY'26, with consolidated total income up 59.83% YoY and net profit surging 40.18%. Key order wins include INR57.89 Cr for Udaipur Airport and INR70.55 Cr from Rajasthan's RDSS. Management targets a minimum 50% revenue growth for FY'26, expecting full-year EBITDA margins to improve. The un-executed order book stands strong at ~INR400 Cr, with plans to double it by March '26. The 60% acquisition of panel manufacturer Peaton is near completion, boosting manufacturing capabilities. PIGL's strategy focuses on diversified growth in aviation, EHV, and distribution projects. Management conveyed a confident outlook.