Ecoplast Limited reported a 14% year-on-year increase in net profit to ₹33.03 crore for the quarter ended June 30, 2026, driven by an 18% rise in total income from operations. The company’s standalone revenue reached ₹632.55 crore, up from ₹536.57 crore in the corresponding period of the previous year, signaling robust demand across its core business segments.

The financial results were reviewed by the audit committee and approved by the Board of Directors at a meeting held on August 10, 2026. The unaudited results were filed with the stock exchanges pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and published in The Indian Express and Financial Express on August 11, 2026.

Financial Performance

Total income from operations stood at ₹632.55 crore on a standalone basis, compared to ₹573.70 crore in the preceding quarter and ₹536.57 crore in the same quarter last year. On a consolidated basis, the figure remained identical at ₹632.55 crore, reflecting no significant inter-company eliminations or subsidiary impacts for the period.

Net profit before tax was reported at ₹46.04 crore, up from ₹38.80 crore in the prior year period. After-tax net profit increased to ₹33.03 crore from ₹29.01 crore, representing a 13.8% year-on-year growth. The consolidated net profit after tax was marginally higher at ₹33.26 crore.

What the Numbers Show

The divergence between quarterly revenue growth and profit trends highlights operational efficiency gains. While revenue surged 18% year-on-year, net profit before tax grew by approximately 18.7%, indicating that cost structures scaled effectively with top-line expansion. However, the sequential decline in net profit from ₹45.40 crore in Q4FY26 to ₹33.03 crore in Q1FY27 suggests seasonal variability or one-time factors present in the previous quarter that did not recur. Earnings per share remained stable at ₹6.95, aligning with the consistent equity share capital base of ₹34.55 crore.

Shareholder Metrics

Basic and diluted earnings per share from continuing operations were recorded at ₹6.95, compared to ₹6.10 in the same quarter last year. Discontinued operations contributed a negligible ₹0.05 per share. The paid-up equity share capital remained unchanged at ₹34.55 crore, with a face value of ₹10 per share. Other equity reserves stood at ₹1,160.68 crore as of March 31, 2026.

Ecoplast Limited will seek shareholder approval for significant remuneration revisions for its top management at its 44th Annual General Meeting (AGM) scheduled for September 7, 2026. The pay hikes, effective from June 1, 2026, are driven by the expanded operational scale following the approved amalgamation with Kunal Plastics Private Limited, which was sanctioned by the National Company Law Tribunal, Ahmedabad, on May 14, 2026.

The meeting, to be held at Shantivan Resort in Valsad, Gujarat, will also address the adoption of audited financial statements for the fiscal year ended March 31, 2026, and the re-appointment of director Ravi Amulbhai Mehta. Shareholders will vote on special resolutions to revise the compensation of Managing Director Jaymin B. Desai, Whole-time Director Atul Baijal, Whole-time Director Aditya Nitinkumar Patel, and Whole-time Director Ravi Amulbhai Mehta. The Board of Directors determined that the proposed increases exceed the limits of authority previously delegated by shareholders, necessitating fresh approval under Sections 196, 197, 198, and 203 of the Companies Act, 2013.

Remuneration Revisions

The Board recommended the revisions based on recommendations from the Nomination and Remuneration Committee and the Audit Committee, citing increased responsibilities and industry benchmarks post-merger. All revised packages include provisions for minimum remuneration subject to Schedule V of the Companies Act, 2013, in case of inadequate profits.

Managing Director Jaymin B. Desai’s package includes leave travel allowance, medical allowance, and other allowances totaling ₹1,48,336 per month, alongside provident fund and superannuation contributions. Atul Baijal’s revision includes leave travel and medical allowances of ₹19,175 each per month. Aditya Nitinkumar Patel’s package features house rent, conveyance, leave travel, and medical allowances. Ravi Amulbhai Mehta’s revision includes house rent, conveyance, leave travel, medical, education, and hostel education allowances.

Financial Performance

The explanatory statement disclosed the company’s financial performance for FY25 and FY26. Turnover grew from ₹20,778.26 lakh in FY25 to ₹22,108.23 lakh in FY26. However, net profit declined from ₹1,377.01 lakh in FY25 to ₹1,198.12 lakh in FY26. No dividend was declared or paid during either period.

What the Numbers Show

While revenue expanded by approximately 6.4% year-on-year, net profit contracted by roughly 13% in FY26. This divergence suggests that the cost base or operational expenses may have risen faster than top-line growth, potentially reflecting integration costs from the Kunal Plastics merger or broader input cost pressures in the plastics manufacturing sector. The absence of dividends despite positive profitability indicates a strategy focused on retaining earnings for operational scaling or debt reduction rather than shareholder payouts.

Other Business Items

Shareholders will also ratify the remuneration of M/s Kishore Bhatia & Associates as Cost Auditors for the financial year ending March 31, 2027. The firm, registered under FRN 00294, will receive ₹2,50,000 plus applicable taxes and out-of-pocket expenses. Ravi Amulbhai Mehta retires by rotation and offers himself for re-appointment.

Remote e-voting will be facilitated by Central Depository Services (India) Limited (CDSL) from September 4, 2026, to September 6, 2026. The record date for voting rights is August 31, 2026. Members holding shares in physical form must update their details with the Registrar and Share Transfer Agent, MUFG Intime India Private Limited, to participate effectively.