APT Packaging Reports Strong FY26 Results with Revenue Growth of 65.48%
APT Packaging Limited reported strong FY26 financial results with total income growing 65.48% to Rs. 2,250.11 lakhs and net profit increasing to Rs. 160.63 lakhs from Rs. 30.58 lakhs in FY25. The board approved audited results on April 28, 2026, appointed Mr. Avnish Kr. Srivastava as CEO, and confirmed no outstanding loan defaults despite qualified audit opinion on GST liability and doubtful debts.
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APT Packaging Limited announced its audited financial results for the quarter and year ended March 31, 2026, following a board meeting held on April 28, 2026. The company reported significant growth in both revenue and profitability for the fiscal year, with total income reaching Rs. 2,250.11 lakhs compared to Rs. 1,359.79 lakhs in the previous year. Net profit for FY26 stood at Rs. 160.63 lakhs, a substantial increase from Rs. 30.58 lakhs in FY25.
Financial Performance Overview
The company's financial results demonstrate strong operational performance across key metrics. For the quarter ended March 31, 2026, total income was Rs. 661.80 lakhs, with net profit of Rs. 70.26 lakhs. The basic and diluted earnings per share (EPS) for the year stood at Rs. 1.46, compared to Rs. 0.68 in the previous year. The company's paid-up equity share capital increased to Rs. 1,181.35 lakhs from Rs. 526.00 lakhs, reflecting the preferential allotment of shares during the year.
| Financial Metric | FY26 (Rs. in Lakhs) | FY25 (Rs. in Lakhs) |
|---|---|---|
| Total Income | 2,250.11 | 1,359.79 |
| Total Expenses | 2,081.33 | 1,330.86 |
| Net Profit | 160.63 | 30.58 |
| Basic EPS | 1.46 | 0.68 |
Balance Sheet Position
The company's balance sheet as of March 31, 2026, shows total assets of Rs. 2,617.59 lakhs, compared to Rs. 2,159.14 lakhs in the previous year. Equity improved significantly to Rs. 1,662.48 lakhs from a negative Rs. 465.79 lakhs, primarily driven by the equity infusion through preferential allotment. Non-current assets stood at Rs. 1,719.28 lakhs, while current assets were Rs. 898.31 lakhs.
| Balance Sheet Item | As at 31/03/2026 (Rs. in Lakhs) | As at 31/03/2025 (Rs. in Lakhs) |
|---|---|---|
| Total Assets | 2,617.59 | 2,159.14 |
| Equity | 1,662.48 | (465.79) |
| Non-Current Liabilities | 367.77 | 571.84 |
| Current Liabilities | 587.33 | 2,053.10 |
Qualified Audit Opinion
Gautam N Associates, Chartered Accountants, issued a qualified opinion on the standalone financial statements. The qualifications include: GST liability of Rs. 20.70 lakhs for the financial year 2019-20, which the company has not provided as it is not considered payable; balances of trade receivables, trade payables, employees, loans, and advances are subject to confirmation and reconciliation; and non-provisioning of doubtful debts amounting to Rs. 11.45 lakhs. The company has filed appeals and is in the process of reconciliation and recovery.
Preferential Allotment and Fund Utilization
During the first quarter ended June 30, 2025, the company issued 65,50,000 equity shares of Rs. 10 each at a premium of Rs. 20 per share on preferential allotment basis, raising Rs. 1,965.00 lakhs. The funds were utilized for working capital requirements (Rs. 109.61 lakhs), repayment of debts (Rs. 1,439.34 lakhs), expansion and modernization (Rs. 350.00 lakhs), and general corporate purposes (Rs. 64.11 lakhs). The company reported no deviation from the stated objects.
Related Party Transactions and Key Appointments
The board disclosed related party transactions including remuneration and loans to the Managing Director and loans to directors. Additionally, the company appointed Mr. Avnish Kr. Srivastava as Chief Executive Officer effective April 28, 2026, to strengthen the leadership team and drive strategic growth. The company also reported that there were no outstanding defaults on loans from banks or financial institutions.
How will the new CEO Avnish Kr. Srivastava's strategic vision impact APT Packaging's growth trajectory and market positioning in the coming years?
What specific expansion and modernization projects will APT Packaging pursue with the allocated funds, and how might these affect their competitive advantage?
Can APT Packaging sustain its exceptional 425% net profit growth rate, or should investors expect normalization in future quarters?
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