Plastiblends India Ltd reported a 67.54% year-on-year increase in net profit to ₹1,495.06 lakh for the quarter ended June 30, 2026, driven by higher revenue and improved margins. Revenue from operations rose 11.01% to ₹22,160.89 lakh from ₹19,962.84 lakh in the same period last year. The company's board approved the unaudited financial results at its meeting held on July 13, 2026.

The company's EBITDA for the quarter stood at 220M rupees compared to 135M rupees in the corresponding quarter of the previous year. EBITDA margin stood at 9.92% versus 6.75% in Q1 FY26. Profit before tax grew 70.09% to ₹2,022.74 lakh, while the profit after tax margin improved by 228 basis points to 6.75%.

Financial Performance

The unaudited financial results for the quarter ended June 30, 2026, were reviewed by the Audit Committee and approved by the Board. The figures have been prepared in accordance with Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013. Kirtane & Pandit LLP, Chartered Accountants, provided the independent auditor's review report.

Operational Highlights

Plastiblends India Limited operates in a single segment: Masterbatches. The company attributed the margin expansion to inventory gains resulting from the continuous escalation of raw material prices during the quarter, which are expected to normalize in subsequent quarters as prices begin to reduce. A better product mix and higher turnover of Colour, Additive masterbatches, and Engineering Compounds also supported sales growth and margins.

The export market remained strong due to significant customer wins. However, overhead costs witnessed an upward trend due to rising inflationary pressures, power and wage costs, a weakening rupee, increased logistics costs, and stretched delivery timelines. The company stated that working capital is being effectively managed through prudent financial discipline.

Management Commentary

S. N. Kabra, Chairman & Managing Director, highlighted the company's operational resilience despite a complex macroeconomic landscape. He noted that while the domestic economy showed resilience with GDP growth around 6.6% to 7%, the global economy faced headwinds from geopolitical tensions and crude oil fluctuations. Kabra emphasized that effective pricing strategies and cost optimization measures helped maintain profitability.

Promoters of Plastiblends India Limited restructured their shareholding through open market transactions conducted between June 23 and June 25, 2026. Varun Satyanarayan Kabra and Jyoti Varun Kabra acquired shares, while Kolsite Corporation LLP divested its stake, resulting in a shift in individual holdings within the promoter group. The total equity share capital of the company remains unchanged at 259,89,200 equity shares of ₹5 each.

The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirers, Varun Satyanarayan Kabra and Jyoti Varun Kabra, are part of the promoter group along with Persons Acting in Concert (PAC) including Saritadevi Satyanarayan Kabra, Satyanarayan Gopilal Kabra, and Kabra Extrusionstechnik Limited. The shares of Plastiblends India Limited are listed on BSE Ltd and National Stock Exchange of India Limited.

Transaction Details

The acquisition involved the purchase of voting rights by the promoter individuals and a corresponding sale by Kolsite Corporation LLP. The mode of transaction was the open market. There were no changes in holdings related to encumbrance, voting rights otherwise than by shares, or warrants and convertible securities during this period.

Shareholding Changes

The following table details the holdings before and after the transaction:

The total promoter and PAC group holding remained stable at 1,63,24,730 shares, representing 62.81% of the total paid-up share capital. The transaction represents an internal realignment of holdings among the promoter group members rather than a change in aggregate promoter ownership.