Event Type and Details:

  • The company held an earnings conference call on August 06, 2026 to discuss the Unaudited Financial Results (Consolidated and Standalone) for the quarter ended June 30, 2026 (Q1 FY27).
  • The call was moderated and included a question-and-answer session with analysts.

Management Participants:

  • Mr. Ramswaroop Thard - Chairman and Managing Director
  • Mr. Sunil Sharma - Chief Financial Officer

Financial Highlights Disclosed:

  • Revenue from operations: INR 102.91 crores (24.72% YoY growth from INR 82.52 crores in Q1 FY26)
  • EBITDA: INR 16.52 crores (36.75% YoY growth from INR 12.08 crores)
  • EBITDA margin: 16.05% (vs 14.64% in Q1 FY26)
  • Profit After Tax: INR 7.25 crores (76.83% YoY growth from INR 4.10 crores)
  • PAT margin: 7.04% (vs 4.97% in Q1 FY26)
  • Domestic revenue: INR 91.19 crores (vs INR 69.12 crores in Q1 FY26)
  • Export revenue: INR 11.72 crores (stable despite geopolitical uncertainties)

Operational and Strategic Updates:

  • Injection Moulding capacity reached 5,800 metric tons (5.8x increase since FY23) with current utilization at 55-60%
  • Flaring capacity expanded from 1,275 lakh units per annum to 1,675 lakh units per annum
  • Packaging and Extrusion segments operating at 80-85% utilization
  • Group captive wind-solar arrangement of 1.9 megawatt expected to be commissioned in October 2026, projected to meet 30% of energy requirements and generate annual savings of ~INR 1.75 crores

JV Performance (Olive Ecopak):

  • Q1 FY27 revenue: INR 17.22 crores
  • Q1 FY27 EBITDA: INR 4.61 crores
  • FY27 guidance: ~INR 90 crores revenue, targeting PBT breakeven
  • FY28 target: INR 140-150 crores revenue

Future Outlook and Guidance:

  • Management targets consolidated EBITDA margin of 15-16% as capacities scale
  • Existing setup can support revenue of INR 420-430 crores
  • Plans for Eastern India facility: Phase 1 capex of INR 25-30 crores targeting INR 80-100 crores revenue, with full-scale potential of INR 250-300 crores
  • Debt reduction target: 15-20% in FY27
  • Raw material prices (polypropylene) currently elevated due to geopolitical tensions but expected to normalize in 1-2 months

Compliance Disclosure:

  • Transcript was filed with NSE under Regulation 30 of SEBI (LODR) Regulations, 2015
  • Document signed by Shefali Mehto, Company Secretary and Compliance Officer on August 11, 2026

Additional Notes Section

  • The document includes the full transcript of the earnings conference call with analyst Q&A
  • The disclosure was accompanied by the transcript as an enclosure
  • Financial data was extensively disclosed in the transcript portion of the document