Plastiblends India Reports 3.92% Revenue Growth in Q2 FY2526, Net Profit Rises 17.87% Year-on-Year

Plastiblends India Limited , a leading masterbatch manufacturing company, has announced its financial results for the second quarter of fiscal year 2526, ending September 30, 2025. The company reported a year-on-year growth in revenue and profitability, despite facing challenges in various sectors.

Financial Highlights

Particulars (Rs. in Lakhs)	Q2 FY2526	Q2 FY2425	Y-o-Y Change
Revenue from Operations	19,260.69	18,534.56	3.92%
EBITDA	1,437.00	1,240.00	15.85%
EBITDA Margin	7.46%	6.69%	77 bps
Profit Before Tax (PBT)	1,000.73	828.59	20.77%
Net Profit	743.58	630.87	17.87%

Plastiblends India reported a revenue of Rs. 19,260.69 lakhs in Q2 FY2526, marking a 3.92% increase from Rs. 18,534.56 lakhs in the same quarter last year. The company's EBITDA saw a significant improvement, rising by 15.85% year-on-year to Rs. 1,437.00 lakhs, with the EBITDA margin expanding by 77 basis points to 7.46%.

Net profit for the quarter stood at Rs. 743.58 lakhs, representing a 17.87% increase compared to Rs. 630.87 lakhs in Q2 FY2425. The company's profit before tax (PBT) also showed strong growth, rising by 20.77% year-on-year to Rs. 1,000.73 lakhs.

Half-Yearly Performance

For the first half of FY2526, Plastiblends India reported:

Revenue from operations of Rs. 39,223.53 lakhs, a slight decrease of 1.18% compared to H1 FY2425
EBITDA of Rs. 3,037.00 lakhs, down 2.43% year-on-year
Net profit of Rs. 1,635.92 lakhs, a 4.65% decrease from the previous year

Operational Challenges

The company faced several challenges during the quarter:

Slowdown in packaging, consumer goods, piping, and irrigation industries
Softened demand in various sectors ahead of new GST tax rates
Inventory carrying losses due to volatility in raw material prices
Increased energy, wage, and other costs
Competitive pricing pressure, limiting the ability to pass on cost increases

Management Commentary

S.N. Kabra, Chairman & Managing Director of Plastiblends India, commented on the results: "Company continues to enjoy Market & Brand leadership. Strategic initiatives undertaken in terms of concentrating on better product mix will improve margin significantly going forward. We expect revenue growth to revive in the ensuing quarter."

Kabra added, "Our prudent financial management ensures we remain well-positioned to achieve our goals and deliver value to our stakeholders. Looking ahead, Company remains optimistic about future growth opportunities and is committed to further enhancing its operational efficiency and expanding its market presence."

Future Outlook

Despite the current challenges, Plastiblends India remains confident in its ability to navigate external challenges while driving sustainable growth. The company is focusing on:

Improving product mix to enhance margins
Enhancing operational efficiency
Expanding market presence
Creating long-term value for stakeholders

The management expects revenue growth to revive in the coming quarter, potentially boosted by recent GST rate cuts in various industries.

Plastiblends India Limited continues to be the largest player in the masterbatch segment, maintaining its market and brand leader status since inception. With manufacturing facilities in Daman, Roorkee, and Palsana, the company is well-positioned to capitalize on future growth opportunities in the masterbatch market.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.71%	-0.33%	-3.60%	-3.71%	-28.32%	-11.78%

Plastiblends India Limited , a key player in the plastic industry, has announced a significant change in its board composition. Shri Shreevallabh Gopilal Kabra, a Non-Executive Non-Independent Director of the company, has submitted his resignation, effective from the close of business hours on July 25, 2025.

Resignation Details

Mr. Kabra, in his resignation letter addressed to the Board of Directors, cited his advancing age and inability to devote the required time as the primary reasons for his decision to step down. He explicitly confirmed that there were no other material reasons for his resignation beyond those stated.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Plastiblends India Limited promptly disclosed this information to the stock exchanges. The company provided the following details as part of its regulatory filing:

Particular	Detail
Nature of Change	Resignation
Director	Shri Shreevallabh G. Kabra (DIN 00015415)
Position	Non-Executive Non-Independent Director
Effective Date	Close of Business hours on July 25, 2025
Reason	Advancing age and inability to devote required time

Director's Statement

In his resignation letter, Mr. Kabra expressed:

"Due to advancing age, I am unable to devote my time as required. Hence, I hereby tender my resignation as Non-Executive Non-Independent Director of the Plastiblends India Limited with effect from 25/07/2025 (Effective Date)."

He also extended his gratitude to the Board and the management team for their support during his tenure and conveyed his best wishes for the company's continued success.

Company's Acknowledgment

Himanshu Mhatre, Company Secretary of Plastiblends India Limited, acknowledged the resignation and ensured that all necessary disclosures were made in accordance with the SEBI regulations.

This development marks a change in the leadership structure of Plastiblends India Limited. The company has not yet announced any plans for filling the position vacated by Mr. Kabra's departure.