Ecoplast Limited reported a 6.4% year-on-year rise in revenue from operations to ₹22,108.23 lakh for the financial year ended March 31, 2026 (FY26), while net profit declined by 13% to ₹1,198.12 lakh. The divergence between top-line growth and bottom-line contraction reflects margin pressures stemming from raw material volatility and export headwinds. Shareholders will vote on executive remuneration hikes at the upcoming Annual General Meeting (AGM) on September 7, 2026, as the company integrates operations following its merger with Kunal Plastics Private Limited.

The Board of Directors has recommended special resolutions to revise the compensation of Managing Director Jaymin B. Desai and Whole-time Directors Atul Baijal, Aditya Nitinkumar Patel, and Ravi Amulbhai Mehta, effective June 1, 2026. These revisions exceed the limits previously delegated to the Board, necessitating shareholder approval under Sections 196, 197, 198, and 203 of the Companies Act, 2013. The proposed increases are attributed to the expanded operational scale post-merger and heightened responsibilities borne by key managerial personnel.

Remuneration Revisions

The Nomination and Remuneration Committee and Audit Committee recommended the pay hikes to align with industry standards and the increased volume of multi-location activities. The revised monthly basic salaries are detailed below:

Jaymin B. Desai’s package includes allowances totaling ₹1,48,336 per month. Other directors receive various allowances including leave travel, medical, house rent, and conveyance, as per company policy. The resolutions also seek ratification of the cost auditor’s remuneration of ₹2,50,000 plus taxes for M/s Kishore Bhatia & Associates.

Financial Performance

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 during either period. Operating profit before depreciation and tax fell to ₹2,168.52 lakh from ₹2,401.15 lakh in the previous year. The financial results are presented on a merged basis pursuant to the National Company Law Tribunal (NCLT)-sanctioned merger of Kunal Plastics Private Limited, effective from April 1, 2025.

What the Numbers Show

While revenue expanded by approximately 6.4%, net profit contracted by roughly 13% in FY26. This divergence suggests rising operational expenses or integration costs from the Kunal Plastics merger. Management cited increased trade tariffs from the USA affecting export orders and escalation of conflict in West Asia impacting raw material availability and pricing. The absence of dividends indicates a focus on retaining earnings for operational scaling rather than immediate shareholder payouts. The company has committed over ₹75 crore towards greenfield and brownfield expansions, aiming to increase annual production capacity from ~9,000 MTPA to ~13,600 MTPA.

Shareholder Communication Guidelines

Pursuant to Regulation 36(1)(b) of the SEBI Listing Regulations, Ecoplast sent physical letters with web-links to members without registered email addresses. 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 physical shares are urged to dematerialize their holdings to ensure compliance with SEBI guidelines.

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.