Ecoline Exim Limited has announced its audited financial results for the fiscal year ended March 31, 2026, reporting a revenue of ₹286.88 Cr and a Profit After Tax (PAT) of ₹20.18 Cr. The company achieved a PAT margin of 7.25% and a Basic EPS of ₹11.00 per share. Despite global challenges such as US tariffs and shipping disruptions, the company sustained its production targets, though it closed the year with a Finished Goods stock of ₹15.74 Cr that could not be shipped in time.

Financial Performance

Revenue from operations for FY 2025-26 stood at ₹27,840 Lakhs, compared to ₹26,929 Lakhs in the previous fiscal year. Total income increased to ₹28,688.27 Lakhs from ₹27,306.76 Lakhs in FY 2024-25. The company attributed the revenue shortfall from its internal target of ₹300-320 Cr primarily to shipping constraints caused by geopolitical conflicts.

Operational Expansion and Capacity

Ecoline Exim significantly expanded its manufacturing capacity by commissioning two new units, Badu Unit IV and Taki Road Unit V, adding approximately 80,000 sq ft of production area. The company installed over 150 new stitching machines, increasing total capacity by 22 million bags per year. The aggregate daily output has risen to 2,15,000 bags across a combined manufacturing area of 3,17,500 sq ft. These units became fully operational from April 15, 2026.

The company also broadened its product portfolio through new initiatives, including polyester backpacks and cotton towels. It confirmed export orders for 4,75,000 pieces of cotton towels and secured an order book for approximately 60,000 backpacks for a domestic brand.

Strategic Outlook

Ecoline Exim has expanded its export footprint from 27 to 35+ countries by entering five new Latin American markets: Peru, Argentina, Brazil, Chile, and Uruguay. The company holds a 4.5% share in the global cotton bag market and maintains an export order book of ₹95 Cr as of April 30, 2026. Management has set a revenue target of ₹400 Cr for FY 2026-27, scaling up to ₹550 Cr in FY 2027-28.

Ecoline Exim Limited's Board of Directors convened on May 09, 2026, and approved the audited standalone financial results for the year ended March 31, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Audit Committee reviewed and recommended the results prior to board approval. The financial statements were audited by Das & Prasad, Chartered Accountants (Registration No. 303054E), Kolkata. Subsequently, pursuant to Regulation 47 read with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published newspaper advertisements announcing the audited financial results in "Arthik Lipi" (Bengali edition) and "Business Standard" (English edition) on May 11, 2026.

Financial Performance: FY26 vs FY25

The company delivered steady growth across key financial metrics for the full year ended March 31, 2026. Revenue from operations rose to ₹27,839.97 lakhs in FY26 from ₹26,928.70 lakhs in FY25. Total income, inclusive of other income of ₹848.30 lakhs, stood at ₹28,688.27 lakhs against ₹27,306.76 lakhs in the previous year. Net profit for FY26 came in at ₹2,018.49 lakhs, compared to ₹1,882.25 lakhs in FY25. The following table summarises the key financial results (₹ in Lakhs, except EPS):

Half-Year Performance

For the half year ended March 31, 2026, the company reported revenue from operations of ₹13,917.53 lakhs and a net profit of ₹727.59 lakhs. This compares to revenue of ₹13,822.76 lakhs and net profit of ₹669.37 lakhs for the half year ended March 31, 2025. The half year ended September 30, 2025 (unaudited) recorded revenue from operations of ₹13,922.44 lakhs and net profit of ₹1,290.91 lakhs.

Balance Sheet Highlights

As at March 31, 2026, total assets stood at ₹24,708.70 lakhs, up significantly from ₹14,630.73 lakhs as at March 31, 2025. Shareholders' funds increased to ₹16,408.68 lakhs from ₹8,844.51 lakhs, reflecting growth in reserves and surplus to ₹14,357.14 lakhs from ₹7,226.97 lakhs. Cash and bank balances rose sharply to ₹6,837.88 lakhs from ₹344.61 lakhs in the prior year, partly attributable to IPO proceeds.

IPO Proceeds and Utilisation

The company completed an initial public offering (IPO) of 43,40,000 equity shares of face value ₹10/- each, fully paid up, at a price of ₹141/- per equity share (including share premium of ₹131/- per equity share), aggregating to ₹6,119.40 lakhs. The equity shares were listed on the NSE Emerge Platform on September 30, 2025. As at the reporting date, utilisation of IPO proceeds stood as follows:

The capital expenditure allocation of ₹5,000.00 lakhs towards construction of building, mechanical and electrical works, and procurement of plant and machinery for a new manufacturing facility at Ahmedabad remains fully pending utilisation.

Cash Flow Summary

For the year ended March 31, 2026, net cash inflow from operating activities was ₹180.71 lakhs, compared to a net cash outflow of ₹498.16 lakhs in FY25. Net cash outflow from investing activities was ₹966.24 lakhs, while net cash inflow from financing activities was ₹7,278.81 lakhs, which included proceeds from the IPO of ₹5,545.68 lakhs and proceeds from borrowings of ₹2,001.58 lakhs. The closing cash balance stood at ₹6,837.88 lakhs against an opening balance of ₹344.61 lakhs.

Additional Disclosures

The company recognised an employee benefit expense impact of ₹15.14 lakhs during the half year and year ended March 31, 2026, on account of the four unified labour codes made effective from November 21, 2025. The company operates in a single business segment. There were no investor complaints pending, received, disposed of, or unresolved during the year ended March 31, 2026. Paid-up equity share capital as at March 31, 2026 stood at ₹2,051.54 lakhs (face value ₹10 per share).