Atharva Poly-Plast reported a net profit of ₹6.47 crore for the financial year ended March 31, 2026 (FY26), up from ₹5.07 crore in FY25. The company’s revenue from operations rose to ₹54.39 crore from ₹47.54 crore, reflecting a 14.43% year-on-year growth. This performance signals sustained operational expansion for the Pune-based plastics manufacturer, although profitability growth outpaced revenue expansion due to cost management efficiencies.

The Board of Directors approved the standalone audited financial results at a meeting held on August 5, 2026, at the company’s registered office. The audit was conducted by Prass & Associates LLP, Chartered Accountants, who issued an unqualified opinion on the financial statements. The filing was submitted pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Revenue from operations increased to ₹54.39 crore in FY26 compared to ₹47.54 crore in FY25. Other income remained relatively stable at ₹1.51 crore against ₹1.53 crore in the prior year. Total income stood at ₹55.91 crore, up from ₹49.06 crore.

Expenses rose to ₹47.65 crore from ₹42.51 crore. Cost of materials consumed increased to ₹38.86 crore from ₹33.33 crore, aligning with the revenue growth. Employee benefits expense grew to ₹1.72 crore from ₹1.45 crore. Finance costs increased to ₹1.35 crore from ₹1.04 crore, reflecting higher borrowing costs or debt levels. Depreciation and amortization expense remained flat at ₹1.64 crore. Other expenses decreased slightly to ₹4.97 crore from ₹5.66 crore.

Profit before tax stood at ₹8.25 crore, up from ₹6.46 crore in FY25. After accounting for current tax of ₹1.84 crore and deferred tax adjustments, the net profit for the year was ₹6.47 crore. Earnings per share (basic and diluted) rose to ₹5.24 from ₹4.11.

Balance Sheet and Cash Flow

Total assets increased to ₹43.79 crore from ₹30.88 crore. Share capital rose to ₹12.35 crore from ₹6.50 crore, indicating fresh equity issuance during the year. Reserves and surplus grew to ₹7.23 crore from ₹6.61 crore. Long-term borrowings increased to ₹3.58 crore from ₹2.19 crore, while short-term borrowings rose to ₹6.18 crore from ₹5.72 crore.

Cash generated from operations was ₹3.26 crore, down significantly from ₹7.47 crore in FY25. This decline was primarily driven by an increase in trade receivables of ₹7.43 crore and inventory buildup of ₹1.64 crore. Net cash used in investing activities was ₹2.37 crore, mainly due to capital expenditures of ₹3.99 crore. Financing activities generated ₹2.99 crore, largely from increased borrowings. The net decrease in cash and cash equivalents was ₹34.06 lakh, closing at ₹23.34 crore.

What the Numbers Show

The divergence between operating profit growth and operating cash flow decline warrants attention. While net profit surged by 27%, cash generated from operations fell by over 56%. This suggests that the revenue growth was accompanied by significant credit extension to customers, as evidenced by the sharp rise in trade receivables. Investors should monitor collection efficiency in subsequent quarters to ensure that accounting profits translate into tangible cash inflows.