Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results
Audit Opinion:
Clean Opinion - Limited Review Report states no material misstatements were identified in the unaudited financial results.
Key Financial Highlights [₹ in Lakhs]:
Standalone Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹10,289.54 (Q2 FY26: ₹8,642.86 | 19% YoY increase)
- Total Income: ₹10,343.88 (Q2 FY26: ₹8,837.73 | 17% YoY increase)
- Net Profit: ₹503.00 (Q2 FY26: ₹459.51 | 9.5% YoY increase)
- EPS: ₹0.68 basic and diluted (Q2 FY26: ₹0.62)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹20,580.60 (H1 FY26: ₹16,894.51 | 22% YoY increase)
- Total Income: ₹20,804.63 (H1 FY26: ₹17,286.11 | 20% YoY increase)
- Net Profit: ₹1,228.68 (H1 FY26: ₹867.79 | 42% YoY increase)
- EPS: ₹1.65 basic and diluted (H1 FY26: ₹1.17)
- Other Equity: ₹16,320.42 (March 31, 2026: ₹15,093.25)
- Cash and Cash Equivalents: ₹203.24 (March 31, 2026: ₹59.81)
Consolidated Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹10,289.54 (Q2 FY26: ₹8,642.86 | 19% YoY increase)
- Total Income: ₹10,343.88 (Q2 FY26: ₹8,837.73 | 17% YoY increase)
- Net Profit: ₹503.00 (Q2 FY26: ₹459.51 | 9.5% YoY increase)
- EPS: ₹0.68 basic and diluted (Q2 FY26: ₹0.62)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹20,580.60 (H1 FY26: ₹16,894.51 | 22% YoY increase)
- Total Income: ₹20,804.63 (H1 FY26: ₹17,286.11 | 20% YoY increase)
- Net Profit: ₹1,228.68 (H1 FY26: ₹867.79 | 42% YoY increase)
- EPS: ₹1.65 basic and diluted (H1 FY26: ₹1.17)
- Other Equity: ₹15,568.92 (March 31, 2026: ₹14,341.75)
- Cash and Cash Equivalents: ₹203.24 (March 31, 2026: ₹59.81)
Segment-wise Performance:
The Company has only one reportable segment: Plastic Packaging Products as per Ind AS 108 requirements.
Corporate Actions:
Not Specified
Other Significant Information:
Joint Venture Update - Olive Ecopak Private Limited:
- The company's share of loss in the jointly controlled entity amounted to ₹69.72 lakhs for Q2 and ₹156.67 lakhs for H1
- Accumulated share of losses exceeded the company's interest in the joint venture during Q3 FY25, so no further losses are recognized beyond the point where carrying amount reached Nil
- On July 23, 2026, floods at Olive Ecopak's factory in Umbergaon, Gujarat resulted in significant damage
- Aggregate flood loss: ₹309.99 lakhs (₹209.78 lakhs inventory damage + ₹100.21 lakhs structural damage)
- Inventory loss recognized net of salvage value of ₹350 lakhs from auction of damaged stock on October 15, 2026
- Insurance claim lodged but not recognized as recovery is not virtually certain
- Amounts are exclusive of GST
Assets and Liabilities Position as of September 30, 2026 [₹ in Lakhs]:
Standalone:
- Total Assets: ₹37,140.39 (March 31, 2026: ₹34,964.65)
- Total Equity: ₹20,032.62 (March 31, 2026: ₹18,805.45)
- Total Liabilities: ₹17,107.77 (March 31, 2026: ₹16,159.20)
- Borrowings: ₹10,656.24 (Non-current: ₹2,280.63 + Current: ₹8,375.61)
Consolidated:
- Total Assets: ₹36,388.89 (March 31, 2026: ₹34,213.15)
- Total Equity: ₹19,281.12 (March 31, 2026: ₹18,053.95)
- Total Liabilities: ₹17,107.77 (March 31, 2026: ₹16,159.20)
- Borrowings: ₹10,656.24 (Non-current: ₹2,280.63 + Current: ₹8,375.61)
Cash Flow Highlights for H1 FY27 [₹ in Lakhs]:
- Net cash from operating activities: ₹1,771.68 (H1 FY26: ₹1,361.11)
- Net cash used in investing activities: ₹(1,159.95) (H1 FY26: ₹(1,236.32))
- Net cash from financing activities: ₹(390.36) (H1 FY26: ₹(462.09))