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.

National Plastic Industries Limited has closed its trading window for all designated persons and their immediate relatives effective July 1, 2026, in compliance with SEBI regulations. The restriction aims to prevent insider trading ahead of the company's financial results for the first quarter ended June 30, 2026. The trading window will remain shut until 48 hours after the audited results are declared, approved by the Board of Directors, and disclosed to the stock exchange.

The decision follows the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, read with Schedule B thereof. It also adheres to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and BSE Circular No. LIST/COMP/01/2019-20. The company communicated this development to the Corporate Relationship Department of the Bombay Stock Exchange Ltd.

Key Details

The closure of the trading window is a standard regulatory procedure implemented during the period leading up to financial announcements. It ensures that no insider trading takes place based on unpublished price-sensitive information. The results, once approved by the board, will be disclosed to the stock exchanges, after which the window will reopen for designated persons.

Paresh V. Parekh, Managing Director of National Plastic Industries Limited, signed the communication sent to the exchange. The company, headquartered in Mumbai, is listed on the BSE and operates under the regulations set by the market regulator.