Mitsu Chem Plast Limited reported a 115% increase in net profit to ₹1,561.87 lakh for the financial year ended March 31, 2026, driven by operational efficiency and strategic investments. Revenue from operations rose 5.4% to ₹35,016.95 lakh from ₹33,227.84 lakh in the previous year.

The Board of Directors, at its meeting held on May 02, 2026, recommended a final dividend of ₹0.20 per equity share of the face value of ₹10 each for the FY 2025-26. The dividend is subject to approval by shareholders at the ensuing Annual General Meeting.

Financial Performance

The company’s total income for the year stood at ₹35,084.56 lakh, up from ₹33,287.97 lakh in the previous year. Profit before tax increased to ₹2,127.44 lakh from ₹1,000.75 lakh. Tax expenses for the year amounted to ₹565.57 lakh.

Earnings per share (EPS) improved to ₹11.50 from ₹5.39. The company’s equity share capital remained constant at ₹1,357.80 lakh.

Operational Highlights

The company’s growth was supported by the commencement of a new manufacturing unit (Unit 4) at Tarapur, Maharashtra, aimed at supporting growing operational requirements. The company’s product portfolio includes molded industrial packaging, hospital furniture parts, and infrastructural furniture.

Molded industrial packaging remained the largest revenue contributor, accounting for 83.88% of total turnover at ₹29,371.96 lakh. Hospital furniture parts contributed 13.23% of turnover at ₹4,631.23 lakh, while infrastructural and other segments made up the remaining 2.89%.

Outlook

Looking ahead to FY 2026-27, the company plans to focus on growth through capacity addition, R&D-led innovation, operational excellence, and expanding its presence in the export market. The company also aims to leverage its Furnastra brand to strengthen its position in the healthcare sector.

Mitsu Chem Plast Ltd has announced the retirement of Dilip Khushalchand Gosar from its Board effective June 12, 2026. The director stepped down upon the completion of his second term as a Non-Executive Independent Director, marking a structural change in the company's governance at the close of business hours on the specified date.

Details of the Change

The transition was formalized through an official disclosure outlining the specifics of the director's departure. The retirement was attributed solely to the completion of the tenure, with no other factors such as resignation or removal cited in the filing.

Director Information

The filing confirmed that the terms of re-appointment were not applicable in this instance. Additionally, disclosures regarding relationships between directors and information required pursuant to specific BSE and NSE circulars dated June 20, 2018, were noted as not applicable to this retirement scenario.