Machino Plastics Reports 63% Drop in Q2 Profit, Revenue Rises 18%
Machino Plastics, a plastic injection moulding parts manufacturer, reported a 63% decrease in Q2 FY2025-26 net profit to ₹54.60 lakh, despite an 18% increase in revenue to ₹1,096.70 crore. For H1 FY2025-26, net profit declined 25.4% to ₹400.90 lakh, while revenue grew 18.6% to ₹2,229.40 crore. The company operates in two segments: Plastic Injection Moulding Parts and Moulds & Dies. Total expenses rose, impacting profitability. The Board approved these results on November 5, 2025. A net price revision of 0.73% with MSIL was reported for H1 FY2025-26.
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Machino Plastics , a manufacturer of plastic injection moulding parts and moulds & dies, has reported a significant decline in its quarterly profit despite an increase in revenue for the quarter ended September 30, 2025.
Financial Performance
The company's net profit for Q2 FY2025-26 stood at ₹54.60 lakh, marking a sharp 63% decrease from ₹146.60 lakh reported in the same quarter of the previous year. However, revenue from operations saw an 18% year-on-year growth, rising to ₹1,096.70 crore from ₹927.40 crore.
Half-Year Results
For the half-year period ended September 30, 2025, Machino Plastics reported:
| Particulars | H1 FY2025-26 | H1 FY2024-25 | YoY Change |
|---|---|---|---|
| Net Profit | ₹400.90 lakh | ₹537.20 lakh | -25.4% |
| Revenue | ₹2,229.40 crore | ₹1,879.00 crore | +18.6% |
Segment-wise Performance
The company operates in two business segments:
- Plastic Injection Moulding Parts: This segment generated revenue of ₹1,907.50 crore in the first half of FY2025-26.
- Moulds & Dies: This segment contributed ₹321.80 crore to the half-yearly revenue.
Expenses and Profitability
Total expenses for the half-year period increased to ₹2,182.10 crore from ₹1,825.70 crore in the previous year, which may have contributed to the decline in profitability despite revenue growth.
Board Approval
The Board of Directors approved these unaudited financial results in their meeting held on November 5, 2025.
Market Context
Prices fixed with MSIL (likely referring to Maruti Suzuki India Limited, a major client) are subject to revision. The company reported a net price revision of 0.73% during the first six months of FY2025-26, compared to 1.10% for the entire FY2024-25.
While Machino Plastics has shown strong top-line growth, the significant drop in profitability may raise concerns among investors. The company may need to focus on cost management and operational efficiency to improve its bottom line in the coming quarters.
Historical Stock Returns for Machino Plastics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.45% | -1.66% | +7.14% | +62.24% | +51.86% | +467.78% |
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