Plastiblends India Q2 FY26 Net Profit Rises 17.9% YoY to ₹7.44 Crore

Mumbai, October 16, 2025 – Plastiblends India Ltd (BSE: 523648; NSE: PLASTIBLEN) has reported the financial results for the second quarter of the current financial year. The leading masterbatch manufacturer reported a 17.9% increase in net profit (year on year), reaching ₹7.44 crore, due to improved margins even as demand across key end-use industries decreased. The stock closed slightly lower (0.24% down from the previous day’s close) at ₹183.70 per share.

Q2 FY26 Financial Highlights 

In Q2FY26, revenue stood at ₹19,261 lakh, reflecting a 3.52% sequential decline but a 3.92% YoY increase. EBITDA dropped 10.2% QoQ to ₹1,437 lakh, while PAT fell 16.67% QoQ to ₹744 lakh, though both improved YoY. Margins contracted sequentially due to cost pressures and demand normalisation, yet remained higher than last year.

Stock Price Movement

The stock traded flat throughout the day and closed at ₹183.70 per share (0.24% lower than the previous day’s closing price). The high-low ratio during the day was ₹187.51 and ₹₹181.40. The stock has plummeted by close to 10% in the past month. The company’s P/E ratio is 15.17 compared to the industrial average of 47.34.

Performance Review

The growth in revenue (year on year) was quite steady as the domestic markets rebounded. However, there was a sequential softness in the packaging, consumer goods, and irrigation sectors, as they did not witness periods of high growth ahead of the GST reforms.

Management attributed the improvement to a better product mix and prudent cost management despite challenges such as higher energy, wage, and raw material costs.

Management Commentary

The Chairman and MD of the company, Mr SN Kabra, underlined that the company has introduced various strategic initiatives that have provided improvement in product mix, and the actual impact of the improvements will be witnessed in the upcoming months. The revenue growth, as per the Chairman, would be significantly higher in the upcoming quarters.

He added that prudent financial management positions Plastiblends well to achieve its growth objectives while creating long-term stakeholder value.

REF: https://nsearchives.nseindia.com/corporate/PLASTIBLEN_16102025165807_BMoutcomeCLfull.pdf

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