Pyramid Technoplast Q1 FY27 Revenue Up 36% YoY

The document is a regulatory filing containing the transcript of Pyramid Technoplast Limited's Q1 FY27 earnings conference call with analysts and investors, held on Wednesday, August 12, 2026.
The call was hosted by the company's Investor Relation advisors, Go India Advisors (represented by Ms. Soumya Chhajed and Mr. Rakesh Arora).
Management participants included Mr. Bijaykumar Agarwal (Managing Director and Chairman) and Mr. Jaiprakash Agarwal (Whole-time Director and Chief Financial Officer).
The stated purpose of the call was to discuss the Un-Audited financial results for the quarter ended June 30, 2026 (Q1 FY27).
The company confirmed that the transcript was being submitted in compliance with SEBI LODR Regulations and was also uploaded on the company's website at: https://pyramidtechnoplast.com/wp-content/uploads/2026/08/Investor-Meet-Call-Transcript-Q1-FY-26-27.pdf

Q1 FY27 Performance:

Revenue from operations grew 36% Year-on-Year (YoY) to ₹222 crore.
PAT grew 32% YoY to ₹10.5 crore, with PAT margins at 5%.
EBITDA grew 50% YoY, with EBITDA margins at 10%.
Gross Profit rose 19% YoY, but Gross Margin compressed to 23% from higher raw material costs.
Volumes were impacted, with capacity utilization at 62% (Installed capacity: 20,936 metric tons per quarter; Volumes: 1,292 metric tons).
EBITDA per ton increased to approximately ₹16,380 in Q1 FY27, compared to ₹11,252 in Q1 FY26 and ₹15,053 in Q4 FY26.
Financial costs rose sharply by 179% YoY and depreciation by 61% YoY due to recent capacity expansion.

Strategic Updates & Expansion:

The company announced a new expansion in Kutch, Western India, with an investment of ₹20-25 crore.
The new facility will have a capacity of 10,000 IBC units per month and is expected to be commissioned by March 2027.
The company received government subsidy approvals: ₹24.9 crore for the Wada unit and ₹10.5 crore for the Bharuch facility (Unit 7), spread over 10 years.
The Wada facility is operational with over 70% utilization and contributed ₹43 crore (19% of revenue) in Q1 FY27. It is expected to reach 80% utilization during the year.

Green Initiatives:

A 6 MW solar plant was commissioned in October 2025, with an additional 5 MW in Bharuch and 2.25 MW in Maharashtra. 1 MW is pending commissioning.
Solar initiatives delivered savings of approximately ₹2 crore in Q1 FY27. Full savings from the 14.25 MW capacity are estimated at ₹15 crore annually.
A recycling plant with an annual capacity of 5,000 metric tons was commissioned in October. It processed ~150 metric tons in Q1, generating ~₹25 lakh EBITDA. FY27 EBITDA contribution is estimated at ~₹2 crore.

Guidance & Outlook:

For FY27, the company aims to deliver approximately 15% revenue growth and EBITDA margins upwards of 10%.
This is expected to be supported by higher utilization, volume recovery, value-added products, and benefits from solar and recycling.
FY27 Capex is planned at ₹20-25 crore, primarily for the Kutch expansion, to be funded through internal accruals.

The document is an enclosed transcript of the earnings call, submitted as a regulatory compliance filing.
The call included forward-looking statements, and the discussion was to be viewed in conjunction with business risks.
The management indicated that the temporary volume impact was due to a slowdown in exports, particularly to the Middle East, which they believe is a near-term disruption rather than a structural issue.