National Plastic Industries posted a 6.3% increase in revenue from operations to ₹103.03 crore for the financial year ended March 2026, but saw net profit decline by 7.8% to ₹3.46 crore due to higher tax charges.

The Mumbai-based plastic furniture manufacturer scheduled its 39th Annual General Meeting (AGM) for September 23, 2026, to approve the audited financial statements and reappoint Executive Director Mishaal Ketan Parekh.

Financial Performance

Revenue from operations grew to ₹103.03 crore in FY26 from ₹96.95 crore in the previous year. Total income, including other income, rose 6.4% to ₹103.84 crore. Profit before tax (PBT) expanded significantly by 27% to ₹6.44 crore, driven by improved operational efficiency and cost management.

Despite the robust growth in pre-tax profits, the bottom line contracted. The company attributed the dip in net profit primarily to a higher tax charge during the year. Profit after tax stood at ₹3.46 crore compared to ₹3.75 crore in FY25.

What the Numbers Show

The divergence between PBT and PAT highlights the impact of tax dynamics on shareholder returns. While operating performance improved with EBITDA rising to ₹11.37 crore from ₹9.40 crore, the effective tax burden eroded these gains. Additionally, finance costs increased to ₹2.03 crore from ₹1.79 crore, reflecting higher interest outlays despite a reduction in total borrowings to ₹22.15 crore from ₹23.22 crore.

Balance Sheet and Dividends

The company maintained a conservative capital structure with total equity rising to ₹45.53 crore. Long-term borrowings remained stable at ₹5.80 crore, while short-term bank borrowings decreased to ₹16.35 crore. The board did not recommend any dividend for FY26.

Corporate Governance Updates

The AGM will also ratify the remuneration of ₹75,000 for cost auditors M/s. N. Ritesh & Associates for FY27. Executive Director Mishaal Ketan Parekh retires by rotation and offers himself for reappointment. The meeting will be held via video conferencing as per regulatory guidelines.

National Plastic Industries reported a contraction in both revenue and profitability for the first quarter of FY27. Standalone total income fell to ₹1,553.47 lakh for the quarter ended June 30, 2026, compared to ₹2,199.24 lakh in the same period of FY25. Net profit before tax dropped to ₹62.53 lakh from ₹85.50 lakh year-on-year.

The company’s earnings per share (EPS) also declined, standing at ₹0.68 for the current quarter against ₹0.94 in Q1FY26. For the full fiscal year FY26, the company had reported a net profit after tax of ₹346.07 lakh on total income of ₹10,383.97 lakh.

Financial Performance

The following table outlines the key standalone financial metrics for National Plastic Industries Limited:

What the Numbers Show

The divergence between the quarterly decline and the full-year performance highlights volatility in the latter part of FY26. While the company posted a full-year net profit after tax of ₹346.07 lakh, the fourth quarter of FY26 saw a net loss after tax of ₹104.99 lakh, as indicated by the balancing figures between audited annual results and published year-to-date data. This suggests that operational pressures intensified significantly in the final quarter of the previous fiscal year, contrasting with the profitable start to FY27.

Regulatory Compliance and Approval

The unaudited financial results for the quarter ended June 30, 2026, were reviewed by the Audit Committee and approved by the Board of Directors in a meeting held on August 11, 2026. The results have been subjected to limited review by the statutory auditor of the company.

National Plastic Industries Limited is engaged in the manufacturing of plastic moulded and extruded articles and PVC mats. The financial statements have been prepared in accordance with Indian Accounting Standards (IndAS) and the provisions of the Companies Act, 2013. The complete financial results are available on the company’s website and the stock exchange portals.