Financial Performance Highlights

Q2 FY27 Consolidated Results (₹ Crore)

  • Total Income: ₹106.43 Cr vs ₹80.09 Cr in Q2 FY26, representing 32.89% YoY growth
  • EBITDA: ₹10.28 Cr vs ₹8.24 Cr in Q2 FY26, representing 24.75% YoY growth
  • EBITDA Margin: 9.66% vs 10.29% in Q2 FY26, decline of 63 basis points
  • Net Profit: ₹4.48 Cr vs ₹4.24 Cr in Q2 FY26, representing 5.55% YoY growth
  • Net Profit Margin: 4.21% vs 5.30% in Q2 FY26, decline of 109 basis points
  • Diluted EPS: ₹0.75 vs ₹0.71 in Q2 FY26, representing 5.63% YoY growth

H1 FY27 Consolidated Results (₹ Crore)

  • Total Income: ₹188.09 Cr vs ₹150.31 Cr in H1 FY26, representing 25.14% YoY growth
  • EBITDA: ₹20.14 Cr vs ₹16.02 Cr in H1 FY26, representing 25.70% YoY growth
  • EBITDA Margin: 10.71% vs 10.66% in H1 FY26, improvement of 5 basis points
  • Net Profit: ₹9.14 Cr vs ₹8.54 Cr in H1 FY26, representing 7.02% YoY growth
  • Net Profit Margin: 4.86% vs 5.68% in H1 FY26, decline of 82 basis points
  • Diluted EPS: ₹1.53 vs ₹1.42 in H1 FY26, representing 7.75% YoY growth

Operational Highlights

Solar EPC Business Updates

  • Secured two repeat orders from MSEDCL under PM-KUSUM Scheme during Q2 FY27:
  • ₹23.60 Cr order for 1,000 solar pumps
  • ₹47.00 Cr order for 2,000 solar pumps (company's largest Solar EPC order to date)
  • FY27 total order intake reached ₹82.40 Cr covering 3,500 solar pumps
  • Including Q1 FY27 order, reinforcing execution capabilities in renewable energy segment

Management Commentary

Mr. Ritesh Khichadia, Whole Time Director, commented on the performance:

  • Company continued to make progress during Q2 FY27, particularly in strengthening Solar EPC business
  • EBITDA margin decline primarily due to sharp increase in raw material costs
  • Expect margins to stabilize in coming quarters once benchmark prices are revised by the government
  • Remain focused on executing solar pump orders and expanding Solar EPC operations across new states
  • Strengthening Micro Irrigation business through commercial sales, PVC pipes and exports
  • Continue to leverage opportunities across renewable energy and irrigation segments

Company Background

Captain Polyplast Limited is a leading manufacturer and exporter of micro irrigation solutions with presence in solar EPC market. Established in 1997 with over 25 years of expertise. Manufacturing facilities in Rajkot (Gujarat) and Kurnool (Andhra Pradesh). Distribution network spans 16 states across India with exports to Africa, Latin America, and Middle East.

Recent Developments

  • Diversified into solar EPC segment focusing on solar water pumping systems and rooftop solar solutions
  • Partnered with Indian Oil Corporation Limited (IOCL) for polymer product marketing in Gujarat
  • Recently operational Ahmedabad plant spanning ~70,000 sq. ft. expected to enhance manufacturing efficiency and profitability
  • Aims to increase share of commercial sales including non-subsidy micro-irrigation, PVC pipes, and exports

FY26 Performance Reference

In FY26 (Consolidated), Captain Polyplast Limited reported:

  • Total Income: ₹419.75 Cr
  • EBITDA: ₹46.32 Cr
  • Net Profit: ₹27.78 Cr

Forward-Looking Statements Disclaimer

Certain statements are forward-looking and subject to risks and uncertainties including government actions, local/political/economic developments, technological risks, and other factors that could cause actual results to differ materially.