Rajshree Polypack Q1 Results: Net profit surges 76.83% to ₹7.25 crore
Rajshree Polypack Limited reported record Q1FY27 revenue of ₹102.91 crore and a 76.83% YoY surge in net profit to ₹7.25 crore. The strong performance was driven by a 1,000 MT addition to injection moulding capacity and improved operational margins. Export revenues also showed robust growth, while the company prepares to commission a renewable energy project in October 2026.
*this image is generated using AI for illustrative purposes only.
Rajshree Polypack Limited delivered its strongest financial performance in the first quarter of FY27, reporting record revenue and a significant surge in profitability. The company announced a 24.71% year-on-year rise in revenue from operations to ₹102.91 crore, while profit after tax (PAT) jumped 76.83% to ₹7.25 crore. This performance underscores the impact of recent capacity expansions and sustained demand across its core packaging segments.
The Board of Directors approved the unaudited consolidated and standalone financial results for the quarter ended June 30, 2026, on August 5, 2026. The results were subsequently filed with the National Stock Exchange of India Limited. The company’s statutory auditor relationship remains unchanged as per standard filing procedures, with no specific audit qualifications noted in the release.
Financial Performance Overview
Revenue from operations reached an all-time quarterly high of ₹102.91 crore in Q1FY27, compared to ₹82.52 crore in the same period last year. This growth outpaced the modest 0.74% YoY revenue growth recorded in the full fiscal year FY26. Operating efficiency improved alongside top-line growth, with operating EBITDA rising 42.63% YoY to ₹14.42 crore. Consequently, the operating EBITDA margin expanded to 14.01% from 12.25% in Q1FY26.
Total EBITDA stood at ₹16.52 crore, reflecting a 36.75% YoY increase and a margin of 16.05%, up from 14.64% in the prior year period. The bottom line saw even sharper improvement, with PAT growing from ₹4.10 crore to ₹7.25 crore, boosting the PAT margin to 7.04% from 4.97%. Earnings per share (EPS) rose 78.18% to ₹0.98.
| Metric | Q1 FY27 | Q1 FY26 | YoY Change |
|---|---|---|---|
| Revenue from Operations (₹ Cr) | 102.91 | 82.52 | 24.71% |
| Operating EBITDA (₹ Cr) | 14.42 | 10.11 | 42.63% |
| Operating EBITDA Margin (%) | 14.01% | 12.25% | - |
| Total EBITDA (₹ Cr) | 16.52 | 12.08 | 36.75% |
| Total EBITDA Margin (%) | 16.05% | 14.64% | - |
| Profit After Tax (₹ Cr) | 7.25 | 4.10 | 76.83% |
| PAT Margin (%) | 7.04% | 4.97% | - |
| EPS (₹) | 0.98 | 0.55 | 78.18% |
Capacity Expansion and Operational Highlights
A key driver of this quarter’s performance was the addition of 1,000 MT to the injection moulding capacity, bringing the total to a new milestone of 5,800 MT. This represents a 5.8x increase since FY23. Additionally, sleeving capacity was enhanced from 1,275 lakh units per annum to 1,675 lakh units per annum, strengthening the company’s value-added packaging capabilities.
Export revenues demonstrated resilience, growing 30.1% YoY to ₹70.08 crore in FY26, indicating sustained international demand despite geopolitical uncertainties. The subsidiary, Olive Ecopack, also contributed positively, reporting an improved EBITDA margin of 26.77% in Q1FY27.
What the Numbers Show
The divergence between the sharp quarterly revenue growth (24.71%) and the flat full-year FY26 revenue growth (0.74%) suggests that the benefits of recent capacity expansions are only now materializing at scale. The simultaneous expansion in both operating EBITDA margins (14.01% vs 12.25%) and PAT margins (7.04% vs 4.97%) indicates that the revenue growth is not merely volume-driven but is accompanied by improved operational leverage and cost discipline. The significant jump in PAT relative to EBITDA growth may also reflect favorable other income or tax efficiencies, though the primary driver appears to be operational scaling.
Future Outlook
Ramswaroop Radheshyam Thard, Managing Director and Chairman, attributed the results to sustained customer demand, an improving product mix, and disciplined execution. He highlighted the upcoming commissioning of a ~1.9 MW captive wind-solar arrangement in October 2026. This project is expected to meet nearly 30% of the company’s energy requirements through renewable sources, generating annual savings of approximately ₹1.75 crore. The company continues to focus on diversifying its portfolio through Olive Ecopack’s paper-based food packaging solutions and expanding its presence in both domestic and export markets.
Historical Stock Returns for Rajshree Polypack
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +7.54% | +21.79% | +13.20% | +36.01% | +2.17% | -12.72% |
How will the commissioning of the 1.9 MW captive wind-solar plant in October 2026 impact Rajshree Polypack's long-term cost structure and margin sustainability against rising energy prices?
Given the 5.8x capacity increase since FY23, what are the company's plans to ensure consistent order book visibility to prevent capacity underutilization in the medium term?
To what extent will Olive Ecopack's paper-based food packaging solutions contribute to the overall revenue mix as regulatory pressures on single-use plastics intensify globally?
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