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.

National Plastic Industries reported a standalone net profit of ₹62.53 lakh for the first quarter of FY26, a decline from the ₹85.50 lakh profit recorded in the corresponding period of the previous fiscal year. The Mumbai-based manufacturer of plastic moulded and extruded articles saw its revenue from operations drop to ₹1,551.72 lakh in Q1FY26, down from ₹2,197.18 lakh in Q1FY25. The Board of Directors approved the unaudited financial results during a meeting held on August 11, 2026.

The company’s total income for the quarter stood at ₹1,553.47 lakh, comprising ₹1,551.72 lakh from operations and ₹1.75 lakh from other income. Total expenses were recorded at ₹1,490.94 lakh. Cost of material consumed amounted to ₹900.05 lakh, while employee benefits expense was ₹166.73 lakh. Finance costs decreased to ₹44.22 lakh from ₹51.13 lakh in the prior year quarter. Depreciation and amortisation expense rose slightly to ₹71.54 lakh from ₹66.15 lakh.

Financial Performance Details

Earnings per share (basic and diluted) for the quarter were ₹0.68, compared to ₹0.94 in Q1FY25. The company’s paid-up equity share capital remained unchanged at ₹912.96 lakh. There were no exceptional or extraordinary items reported for the period. Tax expense was nil for the quarter, consistent with the prior year.

What the Numbers Show

The decline in net profit mirrors the contraction in revenue from operations, which fell by approximately 29% year-on-year. While cost of material consumed reduced proportionally with revenue, other expenses also saw a significant decrease, dropping to ₹383.63 lakh from ₹501.33 lakh in the previous year’s quarter. This suggests operational adjustments in response to lower sales volumes. The absence of tax expense indicates that the profits before tax did not attract current tax liabilities, maintaining the profit before tax figure equal to the net profit for the period.

The financial results were prepared in accordance with Indian Accounting Standards (IndAS) and the Companies Act, 2013. They have been subjected to a limited review by R.S. Prabhu & Associates, the statutory auditors of the company. The audit committee reviewed the results prior to their approval by the Board. The company continues to operate in the business of manufacturing plastic moulded and extruded articles and PVC mats.