Key Financial Results (Consolidated, ₹ in Crore)

Q2 FY27 Performance:

  • Revenue from operations: ₹101.91 crore (vs. ₹92.25 crore in Q2 FY26, +10.47% YoY)
  • EBITDA (excluding other income): ₹9.93 crore (vs. ₹18.31 crore in Q2 FY26, -45.74% YoY)
  • EBITDA margin: 9.75% (vs. 19.84% in Q2 FY26, -1010 bps YoY)
  • Profit After Tax (PAT): ₹8.26 crore (vs. ₹14.10 crore in Q2 FY26, -41.38% YoY)
  • PAT margin: 8.11% (vs. 15.28% in Q2 FY26, -717 bps YoY)

H1 FY27 Performance:

  • Revenue from operations: ₹224.98 crore (vs. ₹177.33 crore in H1 FY26, +26.88% YoY)
  • EBITDA (excluding other income): ₹31.65 crore (vs. ₹36.88 crore in H1 FY26, -14.19% YoY)
  • EBITDA margin: 14.07% (vs. 20.80% in H1 FY26, -673 bps YoY)
  • PAT: ₹25.61 crore (vs. ₹29.19 crore in H1 FY26, -12.25% YoY)
  • PAT margin: 11.38% (vs. 16.46% in H1 FY26, -508 bps YoY)

Performance Drivers

  • Revenue growth attributed to business expansion and execution of customer orders
  • H1 revenue increase includes contribution from recently acquired subsidiary Kohli Printing and Converting Machines Private Limited
  • EBITDA margin decline due to project mix, increased operating expenses, input cost volatility from geopolitical situation, and employee expenses

Recent Strategic Developments

  • Entered strategic partnership with Rieckermann in September 2026 to strengthen presence and customer support across Southeast Asia
  • Collaboration expected to enhance regional customer engagement for extrusion and thermoforming solutions
  • Supports company's international expansion strategy

Product Highlights

  • FOILEX™ Monolayer Blown Film Line for diverse applications including shrink films, lamination-grade films, shade nets, and stretch hood films
  • Lamina ē extrusion technology for production of EVA, POE and EPE solar encapsulant films, focusing on consistent film quality and production performance

Upcoming Events

  • Showcasing solutions at Plast Imagen 2026, Mexico (November 10-13, 2026)
  • Showcasing solutions at Plast Pack 2026, Indore (November 27-30, 2026)
  • Will present range of extrusion technologies including blown film lines, sheet extrusion, and thermoformers

Management Commentary

Ms. Khushboo Chandrakant Doshi, Managing Director, commented:

  • Q2 witnessed YoY revenue growth but profitability impacted by cost pressures and evolving operating environment
  • Company focused on strengthening operational efficiencies, optimizing costs, and improving product mix to support margin resilience
  • Priorities for H2 FY27 include delivering customer value through technological innovation, manufacturing excellence, and timely execution
  • Seeing opportunities from evolving flexible packaging and polymer processing industries
  • Demand growing for advanced and energy-efficient manufacturing solutions
  • Committed to pursuing sustainable growth and creating long-term value for stakeholders

Financial Statement Status

Unaudited consolidated financial results prepared in accordance with Indian Accounting Standards (Ind AS)

Forward-Looking Statements Disclaimer

Document contains forward-looking statements subject to risks and uncertainties including regulatory changes, economic developments, and other factors that could cause actual results to differ materially. Past performance not necessarily indicative of future results.