Date: 26th May, 2026

Financial Performance Summary

Q4 FY26 Performance (YoY Comparison)

| Metric | Q4 FY26 | Q4 FY25 | Change |

| Total Income (₹ lakhs) | 14,024 | 15,591 | (10.1%) |

| EBITDA (₹ lakhs) | 2,035 | 2,122 | (4.1%) |

| EBITDA Margin | 14.5% | 13.6% | +89 bps |

| PAT (₹ lakhs) | 1,046 | 1,211 | (13.6%) |

| PAT Margin | 7.5% | 7.8% | (31 bps) |

| EPS (₹) | 1.76 | 2.04 | (14.0%) |

Full Year FY26 Performance (YoY Comparison)

| Metric | FY26 | FY25 | Change |

| Total Income (₹ lakhs) | 55,130 | 54,819 | 0.6% |

| EBITDA (₹ lakhs) | 6,778 | 6,910 | (1.9%) |

| PAT (₹ lakhs) | 3,274 | 3,804 | (13.9%) |

| PAT Margin | 5.9% | 6.9% | (100 bps) |

| EPS (₹) | 5.50 | 6.40 | (14.1%) |

Balance Sheet & Leverage Position

  • Net Debt stood at ₹(686) lakhs as of March 2026 (net cash position)
  • Net Debt was ₹(1,869) lakhs as of March 2025
  • Net Debt/EBITDA ratio stood at (0.10) in March 2026

Management Commentary

Performance Drivers

Mr. Deepak Jalan, Managing Director, identified several factors affecting Q4 performance:

  • Moderation in corporate sales against a high prior-year base
  • Export revenue dampened by geopolitical uncertainty across certain international markets
  • Corporate orders described as "inherently project-driven and timing-dependent"
  • Polymer prices (principal raw material) have risen due to supply-side disruptions
  • Competitive dynamics preventing immediate full pass-through of cost increases

Strategic Initiatives Progress

  • Mitsubishi Pencil joint venture is gaining "encouraging traction"
  • Turkey joint venture continues to witness "healthy demand"
  • Morris Korea partnership "remains on track"
  • Kenya subsidiary continues to build momentum
  • Linc On expected to contribute meaningfully from FY27 onwards

Outlook

Management expects near-term challenges to persist:

  • Corporate order comparables remain challenging due to strong prior year
  • Export demand visibility remains limited in some markets due to continued geopolitical concerns
  • Expect conditions to "progressively ease over the course of the year"
  • Benefits of improved product mix, enhanced operational efficiency, and strategic partnerships expected to become increasingly visible

Dividend Declaration

  • Board recommended a dividend of ₹1.50 per share, subject to shareholder approval
  • Represents a dividend payout ratio of approximately 27% on consolidated profit

Company Background

  • Formerly known as Linc Pen & Plastics Limited
  • Manufacturing units in Serakole and Umbergaon with daily capacity of more than two million units
  • ISO 9001:2008 certification
  • Exclusive license to distribute and market Uniball products
  • Presence in over 40 countries