Glen Industries Limited , a leading manufacturer of eco-conscious food packaging products, has reported a robust 13.8% year-on-year growth in total income for the first half of fiscal year 2026 (H1FY26). The company's financial results highlight its strong position in the sustainable packaging market and its continued focus on innovation and expansion.

Financial Highlights

Glen Industries' total income for H1FY26 stood at ₹96.56 crores, up from ₹84.86 crores in the corresponding period of the previous year. The company's performance is summarized in the table below:

While the company experienced growth in total income and EBITDA, there was a slight decline in Profit After Tax (PAT) compared to the previous year.

Operational Performance

Glen Industries operates across three key business segments:

1. Thin Wall Containers
2. PLA (Polylactic Acid) Straws
3. Paper Straws

The company's manufacturing facilities in West Bengal boast significant production capacities:

• Thin wall food containers: 7,986 MT/year
• PLA straws: 1,928 MT/year
• Paper straws: 1,134 MT/year

Expansion Plans

In line with its growth strategy, Glen Industries has announced plans to expand its production capacity. The company aims to add:

• 13,109 MT/year for food containers
• 7,696 MT/year for paper cups

This expansion is expected to strengthen the company's market position and cater to the growing demand for sustainable packaging solutions.

Market Presence

Glen Industries has established a strong presence both domestically and internationally:

• Serves over 40 recurring international customers
• Exports to 30 countries
• Present in 26 states and over 80 cities within India

Sustainability Focus

The company's growth aligns with the increasing global demand for eco-friendly packaging solutions. Glen Industries' product portfolio, which includes biodegradable PLA straws and recyclable thin wall containers, positions it well to capitalize on this trend.

Future Outlook

With the plastic packaging market in India projected to grow, Glen Industries appears well-positioned to benefit from this expansion. The company's focus on sustainability, coupled with its planned capacity increases, suggests a strategic alignment with market trends towards eco-friendly packaging solutions.

As Glen Industries continues to innovate and expand its production capabilities, investors and industry observers will be watching closely to see how the company navigates the evolving landscape of sustainable packaging in the coming quarters.

Glen Industries Limited , a recently listed company on the BSE SME platform, has announced its unaudited financial results for the half-year ended September 30, 2025. The company has shown significant growth in revenue while maintaining a strong profit position.

Financial Highlights

The company's revenue from operations saw a notable increase of 13.6% year-over-year, rising from Rs 8,413.79 lacs in H1 FY2025 to Rs 9,555.80 lacs in H1 FY2026. This growth demonstrates the company's ability to expand its business operations effectively.

Despite the revenue growth, net profit experienced a slight decline of 2.3%, from Rs 850.24 lacs in the previous year to Rs 830.55 lacs in the current period. The basic earnings per share (EPS) also decreased from Rs 4.84 to Rs 3.45, which may be attributed to the increased number of shares following the company's recent IPO.

Recent IPO and Listing

Glen Industries Limited completed its Initial Public Offering (IPO) and was listed on the SME platform of BSE on July 15, 2025. The IPO involved the issuance of:

• 63,43,200 equity shares at a premium of Rs 87 each
• 1,53,600 shares under the employee quota at a premium of Rs 82 each

This successful listing marks an important milestone for the company, providing it with additional capital for growth and expansion.

Project Location Change

In a strategic move, the Board of Directors has approved a change in the location of the company's proposed new project. The project, initially planned for Purba Bardhaman, will now be situated in Mouza-Patinan, West Bengal. This decision was made after careful consideration of commercial, operational, and strategic factors, potentially aimed at optimizing the project's effectiveness and efficiency.

Board Meeting and Audit Review

The Board of Directors met on November 4, 2025, to approve the unaudited financial results for the half-year ended September 30, 2025. The meeting commenced at 5:00 p.m. (IST) and concluded at 6:00 p.m. (IST).

The financial results were subject to a limited review by the company's statutory auditors, M/s S N Guha & Co., Chartered Accountants. The auditors' report states that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with the applicable accounting standards and other recognized accounting practices.

Glen Industries Limited continues to demonstrate growth in its operations, and with its recent listing and strategic decisions, the company appears to be positioning itself for future expansion and development in the market.