Pyramid Technoplast FY26 PAT Rises 52% YoY; FY26 Revenue Up 15%
Pyramid Technoplast Limited reported a 52% year-on-year increase in Profit After Tax (PAT) to ₹10.02 Cr for Q4FY26, while revenue grew 14% to ₹196 Cr. For the full year FY26, revenue increased 15% to ₹684 Cr and EBITDA rose 26% to ₹59 Cr. The Board recommended a final dividend of Re. 0.50 per share and set an FY27 revenue target of ₹800 Cr.
*this image is generated using AI for illustrative purposes only.
Pyramid Technoplast Limited has released its audited financial results for the quarter and year ended March 31, 2026. The company reported robust year-on-year growth in profitability, driven by volume expansion and operating leverage from recently commissioned infrastructure. The statutory auditors, M/s. BANKA & BANKA, Chartered Accountants, issued an unmodified opinion on the annual results. The Board recommended a final dividend of Re. 0.50 per equity share for FY26.
Q4FY26 & FY26 Financial Performance
For the quarter ended March 31, 2026, revenue from operations grew 13.8% year-on-year to ₹19,478.71 Lakhs. EBITDA surged 67.9% to ₹20 Cr, with margins expanding 335 basis points to 10.4%. Profit after tax (PAT) rose 51.6% to ₹1,001.86 Lakhs. For the full year FY26, revenue increased 15.3% to ₹68,090.84 Lakhs, while PAT grew 8.0% to ₹2,881.79 Lakhs.
| Metric: | Q4FY26 | Q4FY25 | YoY | FY26 | FY25 | YoY |
|---|---|---|---|---|---|---|
| Revenue from Operations (₹ Lakhs): | 19,478.71 | 17,122.13 | +13.8% | 68,090.84 | 59,133.55 | +15.3% |
| EBITDA (₹ Cr): | 20 | 12 | +67.9% | 59 | 47 | +26.0% |
| PAT (₹ Lakhs): | 1,001.86 | 660.79 | +51.6% | 2,881.79 | 2,667.26 | +8.0% |
Operational Highlights & Expansion
FY26 volumes grew 20% year-on-year with capacity utilization at 69%. The Wada plant, fully operational across IBC, HDPE, and MS Drum segments, contributed approximately ₹65 Cr in revenue. The installed production capacity increased 22% to 76,931 metric ton per annum. Management expects utilization to move closer to 80% in FY27.
Strategic Initiatives: Solar & Recycling
The company commissioned a 6 MW solar power plant in Gujarat in October 2025, followed by 5 MW in Bharuch and 2.25 MW in Maharashtra. The total investment exceeds ₹60 Cr, with estimated annual savings of ₹15 Cr from FY27. The recycling plant, commissioned in October 2025, has an annual capacity of 5,000 MT. It processed 200 MT in Q4FY26 and is awaiting a final license from the pollution control board to handle unwashed containers.
FY27 Outlook & Guidance
For FY27, Pyramid Technoplast targets revenue of approximately ₹800 Cr. The company projects EBITDA margins in the double digits, supported by improved utilization and cost benefits from solar and recycling initiatives. Planned capital expenditure for the year is around ₹20 Cr, primarily for maintenance and balancing equipment. Management also indicated that debt repayment has commenced, with a target to reduce significant debt over the next 3-4 years.
Historical Stock Returns for Pyramid Technoplast
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.98% | -6.00% | -3.94% | -0.92% | -4.34% | -8.15% |
How quickly can Pyramid Technoplast scale its recycling plant to full capacity once the pollution control board license is granted, and what revenue contribution is expected from this segment in FY27?
With debt repayment commencing and a 3-4 year reduction target, how might the company's improving balance sheet position influence its ability to pursue further capacity expansion beyond the current 76,931 MT installed base?
Given that capacity utilization is targeted to reach 80% in FY27, what specific demand drivers — such as export opportunities or new customer segments — could push utilization beyond that threshold?
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