All Time Plastics Limited has released the transcript of its Q1FY27 earnings conference call, held on August 6, 2026. The disclosure provides investors with management’s detailed commentary on the quarter’s financial performance, operational metrics, and strategic outlook amid ongoing geopolitical volatility in West Asia.

The filing was submitted to BSE Limited and National Stock Exchange India Ltd on August 13, 2026, in compliance with Regulation 30 of the SEBI LODR Regulations, 2015. The document was signed by Antony Alapat, Company Secretary.

Financial Performance

Revenue from operations for Q1FY27 stood at ₹161 crore, reflecting a 10.5% sequential increase from ₹146 crore in Q4FY26 and a 2% year-on-year rise from ₹158 crore in Q1FY26. Gross profit was reported at ₹64 crore, with gross margins compressing by 240 basis points to 39.5% from 41.9% in the preceding quarter. This compression was attributed to a 40% to 50% spike in polymer input costs, partially offset by price renegotiations with customers.

EBITDA for the quarter was ₹23 crore (margin: 14.3%), up 6.8% sequentially from ₹22 crore but down 20% year-on-year from ₹29 crore. Net profit (PAT) rose 28.8% sequentially to ₹12 crore (margin: 7.5%), compared to ₹9 crore in Q4FY26.

Operational Highlights

The volume of polymers processed increased by 25% sequentially to 6,323 metric tons, up from 5,056 metric tons in Q4FY26. Capacity utilization improved to 64.9% from 51.9%, measured against an installed capacity of approximately 41,000 metric tons. Sales volume rose to 6,090 tons from 5,831 tons in the previous quarter.

Working capital cycle extended modestly to 60 days from 57 days at the end of FY26. Inventory days increased to 44 from 42 due to higher raw material cover, while receivable days moved to 50 from 48. Payable days remained stable at 34. The debt-to-equity ratio stood at a robust 0.14 times.

Strategic Updates

Management highlighted several key strategic developments:

• Capacity Expansion: Orders placed for 14 new injection moulding machines to add ~1,500 tons of incremental capacity, expected in Q4FY27. Total capacity is projected to reach 52,000 tons over time.
• Bamboo Initiative: A new 75,000 sq ft facility in Guwahati is under pre-installation. Machinery is expected to arrive by mid-August, with commercial operations commencing in Q4FY27. Phase 1 capacity is 3,000 cubic meters per annum.
• Geographic Mix: US revenue contribution rose to 19% in Q1FY27 from 12% in FY26. Europe remains the largest market at 52%, followed by India at 16% and the UK at 11%.
• Domestic Growth: The company targets 30% to 35% growth in domestic business, supported by brand scaling and OEM partnerships.

What the Numbers Show

The divergence between the 25% sequential rise in processed volumes and only a 10.5% revenue increase highlights the significant impact of raw material cost inflation. While volumes surged, the 40-50% spike in polymer prices compressed gross margins by 240 basis points, indicating that full cost pass-throughs are still lagging. However, the 28.8% sequential jump in PAT suggests that fixed cost absorption from higher utilization is beginning to offset margin pressure, particularly as the company navigates supply chain disruptions without losing sales.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0GV601021/81e29aae-834d-4541-93d4-0a752a22618c.pdf

All Time Plastics Limited reported a standalone net profit of ₹1,210.31 lakh for the quarter ended June 30, 2026, marking a 29% increase from ₹940.03 lakh in the preceding quarter. However, on a consolidated year-on-year basis, net profit attributable to owners of the parent declined to ₹117M rupees from ₹128M rupees in the same period last year, reflecting margin pressure despite revenue growth. Revenue from operations rose 10% quarter-on-quarter to ₹16,106.23 lakh on a standalone basis, while consolidated revenue grew to ₹1.62B rupees from ₹1.58B rupees year-on-year.

The Board of Directors approved the unaudited financial results pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Walker Chandiok & Co LLP, the statutory auditors, issued a limited review report under Regulation 33, confirming no material misstatements in the standalone and consolidated statements prepared under Ind AS 34. The results were uploaded to the company website and published in newspapers as per regulatory requirements.

Financial Performance

The following table presents the standalone quarterly financial performance:

Other income increased significantly to ₹348.25 lakh from ₹138.53 lakh in the previous quarter, contributing to total income growth. Finance costs decreased to ₹222.52 lakh from ₹235.40 lakh, aiding margin expansion. Employee benefits expense rose to ₹1,708.17 lakh, while cost of materials consumed stood at ₹10,346.12 lakh.

Consolidated Year-on-Year Performance

On a consolidated year-on-year basis, the company's key metrics reflect a mixed picture of revenue growth alongside margin compression, as summarised below:

While consolidated revenue expanded year-on-year, EBITDA contracted to ₹234M rupees from ₹287M rupees, with the EBITDA margin narrowing sharply to 14.50% from 18.20%. The consolidated net profit attributable to owners of the parent stood at ₹117M rupees, down from ₹128M rupees in the year-ago period, indicating cost pressures that offset topline gains.

What the Numbers Show

The quarter-on-quarter standalone profit surge was primarily driven by a sharp rise in other income rather than operational leverage alone. While standalone revenue grew by 10.5%, total expenses increased at a similar pace of 10.3%, indicating stable cost management but limited operational margin expansion. On a year-on-year consolidated basis, the significant contraction in EBITDA margin from 18.20% to 14.50% points to elevated costs relative to revenue, which weighed on overall profitability despite the topline improvement.

IPO Proceeds Utilization

As of June 30, 2026, the company utilized ₹19,673.30 lakh of the ₹28,000.00 lakh raised through its IPO. Key allocations included ₹14,300.00 lakh for prepayment or repayment of outstanding borrowings and ₹2,289.10 lakh for share issue expenses. ₹3,044.70 lakh was used for purchasing equipment and machinery for the Manekpur facility, with ₹8,326.70 lakh remaining unutilized and temporarily invested in fixed deposits with scheduled commercial banks.

Senior Management Appointments

In addition to financial approvals, the Board classified two executives as Senior Management Personnel effective August 5, 2026, under Regulation 16(1)(d) and Regulation 19 read with Part D of Schedule II of the SEBI LODR Regulations. Mr. Akshay Shah, Head - Supply Chain and relative of Whole-time Director Mr. Nilesh Shah, was appointed based on his over 10 years of experience in supply chain management and business operations since joining the company in 2014. Mr. Dhvanit Shah, Strategic Business Head and relative of Managing Director Mr. Kailesh Shah, was similarly classified, bringing more than ten years of experience in business strategy and operations, having been associated with the company since 2016. Both appointments aim to strengthen operational efficiency and strategic initiatives within the organization.