National Plastic Technologies Reports Q1 Profit Growth, Announces Key Board Changes

National Plastic Technologies Limited , a leading player in the moulded plastic products industry, has reported a robust performance for the first quarter of the fiscal year 2025-26, along with significant changes to its board composition.

Financial Performance

The Chennai-based company announced its unaudited standalone financial results for the quarter ended June 30, 2025, showcasing growth in both revenue and profitability:

The company's revenue from operations increased by 7.86% year-over-year to Rs 7,407.25 lakhs, up from Rs 6,867.47 lakhs in the same quarter of the previous fiscal year. This growth in revenue indicates a strong demand for the company's moulded plastic products.

Net profit after tax saw a healthy rise of 6.63%, reaching Rs 222.35 lakhs compared to Rs 208.52 lakhs in Q1 FY25. This improvement in profitability reflects the company's efficient cost management and operational effectiveness.

Earnings per share (EPS) also improved to Rs 3.66 from Rs 3.43 in the corresponding quarter last year, representing a 6.71% increase and potentially signaling enhanced value for shareholders.

Board Appointments and Changes

Alongside its financial results, National Plastic Technologies announced several key changes to its board and management structure:

1. Secretarial Auditor Appointment: The company has appointed M/s. P Muthukumaran & Associates as secretarial auditors for a period of five years, from FY 2025-26 to FY 2029-30, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

2. Executive Director Reappointment: Mr. Venkatesan N has been reappointed as Executive Director for a further three-year term, effective from April 12, 2026, to April 11, 2029. This reappointment is also subject to shareholder approval at the AGM.

3. Board Composition Changes: Mrs. Manju Parakh, eligible for reappointment as a Non-executive Director, has expressed her unwillingness to continue in the role. In light of this, the Board has recommended Mr. Alok Parakh for appointment as a Non-executive Director, to be considered at the upcoming AGM.

These board changes are aimed at ensuring continued strong governance and leadership for the company as it moves forward.

Operational Highlights

National Plastic Technologies continues to operate in the business segment of Moulded Plastic Products. The company's performance in Q1 FY26 suggests a positive outlook for the plastic manufacturing sector, despite ongoing global economic challenges.

The Board of Directors' meeting, held on July 29, 2025, approved these results and appointments. The company has also announced that its trading window will reopen from August 1, 2025, in compliance with regulatory requirements.

As National Plastic Technologies Limited continues to demonstrate growth and implement strategic changes in its leadership, investors and industry observers will be keenly watching its performance in the coming quarters of FY26.