Machino Plastics FY26 net profit falls 85% on higher costs
Machino Plastics Limited reported an 85% decline in net profit to ₹132.26 lakh for FY26, despite a 27% rise in revenue to ₹4,921.56 crore. Total expenses increased significantly due to higher material and employee costs, while finance costs also rose. The board approved the audited results on May 30, 2026, and confirmed the trading window closure compliance.

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Machino Plastics Limited reported an 85% decline in net profit to ₹132.26 lakh for the financial year ended March 31, 2026, despite a 27% increase in revenue from operations to ₹4,921.56 crore. The company's board approved the audited financial results for FY26 on May 30, 2026, with the statutory auditors expressing an unmodified opinion on the financial statements.
Revenue for the year was driven primarily by the Plastic Injection Moulding Parts segment, which contributed ₹4,347.05 crore, while the Moulds & Dies segment added ₹574.52 crore. However, total expenses for the year rose to ₹4,897.18 crore, up from ₹3,776.50 crore in the previous year, impacted by higher costs of materials consumed and employee benefit expenses. Finance costs also increased to ₹185.15 crore from ₹116.45 crore in FY25.
For the quarter ended March 31, 2026, the company reported a net profit of ₹25.01 lakh, a significant decrease from ₹350.47 lakh in the same quarter of the previous year. Quarterly revenue from operations stood at ₹1,434.09 crore, compared to ₹1,071.55 crore in the corresponding period last year. The board meeting, conducted via video conferencing, also reviewed the company's performance and approved the closure of the trading window, which had been shut since April 1, 2026, in compliance with SEBI regulations.
| Financial Metric | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 4,921.56 | 3,887.43 |
| Total Expenses | 4,897.18 | 3,776.50 |
| Profit for the Period | 132.26 | 855.61 |
| Basic EPS (₹) | 2.16 | 13.94 |
The statutory auditors, M/s KMGS & Associates, confirmed in their report that the company has adequate internal financial controls over financial reporting and that no material frauds were noticed during the audit. The auditors also noted that the company revalued its freehold land during the year, resulting in an increase of ₹9,683.06 lakh in its value. The trading window is scheduled to reopen on June 1, 2026.
Historical Stock Returns for Machino Plastics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +10.23% | +13.99% | +13.76% | -8.98% | +6.87% | +111.06% |
What specific strategies will management implement to curb the rising material and employee costs that eroded profit margins?
How does the company plan to manage its increased finance costs, and will debt restructuring be a priority in the coming year?
Will the revaluation of freehold land result in any changes to the company's dividend policy or capital allocation strategy?

































