Key Financial Figures

Q2 FY27 Performance (₹ Lakhs)

  • Revenue from operations: 9,580.9 (vs 9,242.1 in Q2 FY26, +3.7% YoY)
  • EBITDA: 1,188.6 (vs 588.5 in Q2 FY26, +102.0% YoY)
  • EBITDA Margin: 12.4% (vs 6.4% in Q2 FY26, +604 bps)
  • Net Profit: 610.5 (vs 188.3 in Q2 FY26, +224.1% YoY)
  • Net Profit Margin: 6.4% (vs 2.0% in Q2 FY26, +433 bps)
  • EPS: ₹4.5 (vs ₹1.4 in Q2 FY26, +223.7% YoY)

H1 FY27 Performance (₹ Lakhs)

  • Revenue from operations: 19,095.4 (vs 17,769.9 in H1 FY26, +7.5% YoY)
  • EBITDA: 2,738.0 (vs 1,089.1 in H1 FY26, +151.4% YoY)
  • EBITDA Margin: 14.3% (vs 6.1% in H1 FY26, +821 bps)
  • Net Profit: 1,484.3 (vs 319.5 in H1 FY26, +364.6% YoY)
  • Net Profit Margin: 7.8% (vs 1.8% in H1 FY26, +598 bps)
  • EPS: ₹10.9 (vs ₹2.4 in H1 FY26, +365.1% YoY)

Operational Highlights

Revenue Diversification

  • Hospital Furniture Parts segment revenue: ₹2,984.6 lakhs in H1FY27, up 30% YoY
  • Contribution to total revenue increased from 13% in H1FY26 to 16% in H1FY27
  • Industrial Packaging segment revenue: ₹15,475.4 lakhs in H1FY27, up 4% YoY
  • Manufacturing capacity expanded to 36,600+ MT per annum

Growth Outlook and Expansion

  • IBC facility on track for commissioning in Q3FY27
  • Expect growth momentum to continue through FY27
  • Focus on strengthening Blow Molding and Injection Molding businesses
  • Expanding customer base and pursuing opportunities in value-added products

Management Commentary

Mr. Sanjay Dedhia, Executive Vice Chairman, commented that the performance was supported by improved operating efficiencies and a stronger product mix. He noted the positive outlook for India's plastic packaging industry with healthy demand across FMCG, healthcare, automotive and infrastructure sectors, driven by rising consumption and increasing demand from FMCG, pharmaceuticals and e-commerce.

Company Background

Mitsu Chem Plast Limited (BSE: 540078), established in 1990, manufactures blow-molded, injection-molded and custom-molded plastic products. The company serves diversified customer base across industrial packaging, pharmaceuticals, chemicals, agrochemicals, food, healthcare, automotive and infrastructure applications. The company operates four manufacturing facilities in Maharashtra: three in Boisar, Tarapur, and one in Khalapur.