Board Meeting Outcomes

The Board of Directors of Ecoplast Limited met on August 10, 2026, from 3:30 PM to 4:03 PM and approved two key items:

1. Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026

2. Appointment of Mr. Nirav H. Desai as General Manager Operations

Financial Results - Standalone (₹ in Lakhs)

Income Statement for Q1 FY2027 (Quarter ended June 30, 2026):

  • Revenue from operations: ₹6,325.49 (vs. ₹5,365.66 in Q1 FY2026, +17.9% YoY)
  • Other income: ₹41.98 (vs. ₹122.66 in Q1 FY2026)
  • Total income: ₹6,367.47 (vs. ₹5,488.32 in Q1 FY2026)

Expenses:

  • Cost of materials consumed: ₹4,294.41
  • Changes in inventories: (₹189.36)
  • Employee benefits expense: ₹723.02
  • Finance costs: ₹23.88
  • Depreciation and amortization: ₹163.23
  • Other expenses: ₹891.87
  • Total expenses: ₹5,907.05

Profitability:

  • Profit before tax: ₹460.42 (vs. ₹388.02 in Q1 FY2026)
  • Tax expense: ₹130.17 (Current tax: ₹126.69, Deferred tax: ₹3.48)
  • Profit for the period: ₹330.25 (vs. ₹290.14 in Q1 FY2026, +13.8% YoY)
  • Total comprehensive income: ₹330.25

Capital Structure:

  • Paid-up equity share capital: ₹475.45 lakhs (Face value: ₹10 per share)
  • Other equity: ₹11,606.75 lakhs (as of March 31, 2026)

Per Share Data:

  • Basic EPS: ₹6.95 (vs. ₹6.10 in Q1 FY2026)
  • Diluted EPS: ₹6.95 (vs. ₹6.10 in Q1 FY2026)

Financial Results - Consolidated (₹ in Lakhs)

The consolidated results include Ecoplast Limited and its subsidiary Synergy Films Private Limited.

Income Statement for Q1 FY2027:

  • Revenue from operations: ₹6,325.49
  • Other income: ₹42.25
  • Total income: ₹6,367.74

Expenses:

  • Total expenses: ₹5,904.95

Profitability:

  • Profit before tax: ₹462.79
  • Tax expense: ₹130.17 (Current tax: ₹126.69, Deferred tax: ₹3.48)
  • Profit for the period: ₹332.62
  • Total comprehensive income: ₹332.62

Per Share Data (Combined Operations):

  • Basic and Diluted EPS: ₹7.00

Subsidiary Performance:

  • Synergy Films Private Limited contributed total revenues of ₹0 and net profit after tax of ₹2.37 lakhs for the quarter

Management Appointment

The Board approved the appointment of Mr. Nirav H. Desai as General Manager Operations (Senior Management Personnel) effective August 10, 2026.

Profile Details:

  • Highly experienced manufacturing and operations professional with nearly 30 years of expertise
  • Specialized in flexible packaging and plastics industry
  • Demonstrated strong leadership in manufacturing, engineering, project execution, process optimization, and operational excellence
  • Previously served as Whole-time Director of Kunal Plastics Private Limited (now amalgamated with Ecoplast Limited)
  • Continues to serve Ecoplast Limited in a senior operational capacity

Auditor Review

Y. B. Desai and Associates (Firm Registration No. 102368W) issued unqualified review reports for both standalone and consolidated financial results. The reviews were conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.

Additional Information

  • The company is primarily engaged in manufacturing plastic film (single reportable business segment)
  • Operates primarily in India (single geographical segment)
  • Previous periods' figures have been regrouped/reclassified for comparability after considering the effect of merger of Kunal Plastics Private Limited with the company
  • Provision for taxes, employment benefits and other contingencies have been considered on estimated basis
  • The figures for quarter ended March 31, 2026 are balancing figures between audited annual figures and unaudited quarterly figures