All Time Plastics Limited has filed the transcript of its Q4FY26 earnings conference call, which was hosted on May 25, 2026. The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transcript is accessible on the company's official website and via a direct link provided in the filing.

For the financial year 2025-26, the company reported a consolidated net profit of ₹35.6 crore, a decrease of 24.7% from ₹47.3 crore in the previous year. Revenue from operations rose 9.4% to ₹610.4 crore from ₹558.2 crore in FY25. The company reported an exceptional item of ₹4.4 crore during the year, attributed to the incremental financial impact of new labour codes introduced by the Government of India.

Financial Highlights (Consolidated – Full Year)

The following table summarises the key consolidated financial metrics for the full year:

Q4 Performance

On a quarterly basis, the consolidated results reflect continued pressure on profitability. For Q4 FY26, the company reported a net profit of ₹9.4 crore, down from ₹9.7 crore in the year-ago period. Revenue for the quarter stood at ₹145.8 crore, compared to ₹148.2 crore in Q4 FY25. The EBITDA margin contracted to 14.8% from 16.4% in the corresponding period of the previous year, reflecting higher cost pressures during the quarter.

Operational Updates

Management noted that FY26 was a transition year marked by significant capacity investments and external challenges, including a West Asia geopolitical crisis that disrupted supply chains in Q4. The company's total installed capacity stands at approximately 39,000 tons per annum as of March 31, 2026. The Khatalwada facility expansion is complete, while the balance capacity of 6,000 metric tons remains on track pending demand visibility.

The company is expanding into bamboo products with a new facility in Guwahati, leased effective May 2026, featuring an installed capacity of 3,000 cubic meters per annum in the first phase. Management expects bamboo revenue to commence in H2 FY27, with a potential revenue of ₹60 crore at maximum utilization.

Corporate Governance

The board decided not to recommend any dividend for the financial year 2025-26, citing the need to conserve resources for future growth. Additionally, the board approved the re-appointment of M/s. Walker Chandiok & Co LLP as Statutory Auditors for a term of five years, subject to shareholder approval. The company confirmed it is not classified as a Large Corporate as per SEBI regulations, with outstanding borrowings of ₹76.92 crore as of March 31, 2026, and a credit rating of Crisil A/Stable.

All Time Plastics Limited has filed its Monitoring Agency Report for the quarter ended March 31, 2026, with BSE Limited and the National Stock Exchange of India Ltd, pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report was prepared by Crisil Ratings Limited in its capacity as the Monitoring Agency, in accordance with the Monitoring Agency Agreement dated July 31, 2025, and Schedule XI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The filing was signed by Antony Alapat, Company Secretary, on May 13, 2026.

Issue Details and Proceeds Overview

All Time Plastics raised funds through both an Initial Public Offer and a Pre-IPO private placement. The IPO, held from August 07, 2025, to August 11, 2025, involved a fresh issuance of equity shares with gross proceeds of Rs 2,800.00 million. After deducting issue expenses of Rs 228.91 million, the net proceeds available for deployment stood at Rs 2,571.09 million. The Pre-IPO placement, allotted on June 30, 2025, raised Rs 700.00 million through a private placement of equity shares. The combined gross issue total amounted to Rs 3,500.00 million.

Utilisation of IPO Proceeds

The net IPO proceeds of Rs 2,571.09 million were earmarked across three objects: repayment of borrowings (Rs 1,430.00 million), purchase of equipment and machinery for the Manekpur Facility including installation of an automated storage and retrieval system (ASRS) (Rs 1,137.14 million), and general corporate purposes (Rs 3.95 million). The following table details the progress in utilisation of IPO proceeds as of the quarter ended March 31, 2026.

The repayment of borrowings and GCP allocations were fully utilised by the quarter ended December 31, 2025. During the quarter ended March 31, 2026, Rs 92.76 million was deployed towards the Manekpur Facility equipment and ASRS, bringing cumulative utilisation under this head to Rs 233.15 million against a planned Rs 1,137.14 million, leaving Rs 903.99 million unutilised.

Utilisation of Pre-IPO Proceeds

Of the Rs 700.00 million raised through the Pre-IPO placement, Rs 672.98 million was earmarked for general corporate purposes and Rs 27.02 million for issue expenses. The GCP funds were utilised towards the purchase of raw materials including Polypropylene, Nanolene PP Compound, and Packaging Material.

During the quarter, Rs 237.89 million was utilised from Pre-IPO GCP funds, with cumulative utilisation reaching Rs 657.46 million. The Board of Directors approved the GCP utilisation vide resolution dated May 12, 2026.

Consolidated Utilisation Summary

Across both IPO and Pre-IPO proceeds, the grand total utilisation as at March 31, 2026, stood at Rs 2,580.49 million out of the total gross proceeds of Rs 3,500.00 million, with Rs 919.51 million remaining unutilised.

During the quarter, the company transferred Rs 74.46 million from its Monitoring Agency account to its current account for funding working capital requirements and capital expenditures. By the end of the reported quarter, the entire transferred amount of Rs 74.46 million had been fully utilised, leaving no outstanding balance in the company's current account related to IPO proceeds.

Deployment of Unutilised Proceeds

The unutilised amount of Rs 919.51 million has been deployed across fixed deposits with IDBI Bank and Axis Bank, as well as in the Monitoring Agency account with Axis Bank. The table below summarises the deployment as at March 31, 2026.

The company has confirmed that none of the unutilised funds have been encumbered as lien for any purpose.

Delay in Implementation and Key Notes

The Monitoring Agency noted a delay in the utilisation of funds earmarked for the purchase of equipment and machinery for the Manekpur Facility and ASRS installation. Against the planned utilisation of Rs 1,137.14 million in Fiscal 2026, the actual utilisation stood at Rs 233.15 million. The company attributed the delay to two primary factors:

• Geopolitical Uncertainty: Prevailing geopolitical conditions have created uncertainty in the export markets in which the company operates, prompting a cautious approach to capital deployment.
• Assessment of Consumer and Order Trends: The company is evaluating evolving consumer preferences and order trends across its product portfolio to ensure investments are aligned with emerging demand patterns and to procure the most appropriate machinery and equipment.

The company noted that the offer document itself provides for flexibility in vendor arrangements and fund deployment timelines, and the outstanding balance is planned for utilisation in the next fiscal. The Monitoring Agency confirmed no deviation from the objects of the issue, no change in the means of finance, and no major deviation from earlier monitoring agency reports. All government and statutory approvals related to the objects have been obtained.

The Monitoring Agency report was certified on the basis of a certificate dated May 07, 2026, issued by M/s Maheshwari & Co. Chartered Accountants (Firm Registration Number: 105834W), Peer-Reviewed Independent Chartered Accountant.