Financial Performance Summary

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Revenue from Operations: Rs. 176.7 Cr (▲ +47.4% YoY)
  • EBITDA (Operations): Rs. 16.4 Cr (▲ +53.5% YoY)
  • EBITDA (Operations) Margins: 9.3% (vs 8.9% in Q2 FY26)
  • EBITDA (accounts)*: Rs. 21.2 Cr (▲ +43.1% YoY)
  • EBITDA (accounts) Margins: 12.0% (vs 12.4% in Q2 FY26)
  • Profit Before Tax: Rs. 12.8 Cr (▲ +68.3% YoY)
  • Profit After Tax: Rs. 9.5 Cr (▲ +62.4% YoY)
  • PAT Margins: 5.4% (vs 4.9% in Q2 FY26)

Quarterly Sequential Performance (Q2 FY27 vs Q1 FY27):

  • Revenue from Operations: Rs. 176.7 Cr (▲ +1.3% QoQ)
  • EBITDA (Operations): Rs. 16.4 Cr (▲ +7.1% QoQ)
  • EBITDA (Operations) Margins: 9.3% (vs 8.8% in Q1 FY27)
  • EBITDA (accounts)*: Rs. 21.2 Cr (▲ +7.3% QoQ)
  • EBITDA (accounts) Margins: 12.0% (vs 11.3% in Q1 FY27)
  • Profit Before Tax: Rs. 12.8 Cr (▼ -6.8% QoQ)
  • Profit After Tax: Rs. 9.5 Cr (▼ -2.7% QoQ)
  • PAT Margins: 5.4% (vs 5.6% in Q1 FY27)

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Revenues: Rs. 351.1 Cr (▲ +32.6% YoY)
  • EBITDA (Operations): Rs. 31.7 Cr (▲ +26.7% YoY)
  • EBITDA (Operations) Margins: 9.0% (vs 9.5% in H1 FY26)
  • EBITDA (accounts)*: Rs. 41.0 Cr (▲ +27.4% YoY)
  • EBITDA (accounts) Margins: 11.7% (vs 12.1% in H1 FY26)
  • Profit Before Tax: Rs. 26.5 Cr (▲ +94.4% YoY)
  • Profit After Tax: Rs. 19.3 Cr (▲ +89.2% YoY)
  • PAT Margins: 5.5% (vs 3.8% in H1 FY26)

*EBITDA (accounts) includes Other Income

Operational Highlights

Performance Drivers:

  • Results reflect stable core operations, market and product-mix dynamics, seasonality and effects of geopolitical uncertainty
  • West Asia conflict pushed polymer prices up, leading to increased average selling prices through cost pass-through and favorable product mix
  • Higher input costs and supply-chain constraints weighed on H1 margins

Business Segment Performance:

  • Dielectric Films: Market position strengthened in domestic and export markets with new customers coming on board and new applications in qualification
  • Output from new line continues to build satisfactorily, though recurring external power disruptions slowed ramp-up during quarter
  • Ultra thin and higher-end dielectric grades developed and under customer validation
  • Coextruded Sheets and Formed Products: Volumes up 18% with clear market share gain due to strong execution, continued high customer satisfaction and strong customer relationships
  • Coextruded Cast Films: H1 volumes lower on weak market conditions and competitive pressure, with strong revival in Q2
  • Focus on new product development on revamped manufacturing line

Expansion Updates

Barjora Expansion:

  • New dielectric film line commissioned on March 27, 2026
  • Doubled Indian nameplate capacity to 8,000 MT annually
  • Customers in India and overseas responded well to initial supplies and moved to commercial orders
  • Work on developing full and enhanced product range on new line is advancing

UAE Subsidiary (Xpro Dielectric Films FZ-LLC):

  • Mechanical installation of key production equipment nearly complete
  • Sequential equipment trials and utilities startup in progress
  • West Asia conflict situation remains fluid and is being closely monitored

Company Profile

Xpro India Limited is a polymer processing company specializing in coextrusion with operations spanning several sites in India. The company has more than 40 years of operating experience across three main businesses: dielectric films, coextruded sheets and formed products, and coextruded cast films. The company is part of the Birla group, family-led and professionally managed, with focus on continuous development, customer satisfaction and strong governance.