Polyspin Exports Reports 162% Surge in Q1 Net Profit, Driven by Strong Performance in FIBC Segment

1 min read Updated on 13 Aug 2025, 11:39 AM

Reviewed by

Jubin VScanX News Team

Overview

Polyspin Exports Limited reported a significant increase in financial performance for Q1 ended June 30. Standalone net profit rose 162% to Rs 114.15 lakhs from Rs 43.52 lakhs in the previous quarter. Revenue from operations slightly declined to Rs 5,736.20 lakhs. Consolidated net profit reached Rs 140.09 lakhs. FIBC segment profit before tax and finance cost increased to Rs 331.47 lakhs. Basic EPS stood at Rs 1.14 for standalone and Rs 1.40 for consolidated operations. The company discontinued its Cotton Yarn operations in June 2023.

*this image is generated using AI for illustrative purposes only.

Polyspin Exports Limited , a leading manufacturer of FIBC bags, fabric, yarn, and multifilament yarn, has reported a significant increase in its financial performance for the quarter ended June 30. The company's standalone net profit surged by 162% to Rs 114.15 lakhs, compared to Rs 43.52 lakhs in the previous quarter.

Financial Highlights

Revenue: The company's revenue from operations stood at Rs 5,736.20 lakhs, showing a slight decline from Rs 6,034.63 lakhs in the preceding quarter.
Consolidated Performance: On a consolidated basis, net profit reached Rs 140.09 lakhs, up from Rs 80.95 lakhs in the previous quarter, including a Rs 25.94 lakhs share of profit from associates.
Earnings Per Share: Basic earnings per share stood at Rs 1.14 for standalone operations and Rs 1.40 on a consolidated basis.

Segment Performance

Polyspin Exports primarily operates in the FIBC Bags, Fabric, Yarn, and Multifilament Yarn manufacturing segment. The company's segment results show:

FIBC Segment: Profit before tax and finance cost from this segment increased to Rs 331.47 lakhs, up from Rs 251.47 lakhs in the previous quarter.
Discontinued Operations: The company's Cotton Yarn operations were discontinued in June 2023, with no impact on the current quarter's results.

Key Financial Metrics

Particulars (Rs. in Lakhs)	Q1 (Standalone)	Q4 (Standalone)	Q1 (Consolidated)	Q4 (Consolidated)
Revenue from Operations	5,736.20	6,034.63	5,736.20	6,034.63
Total Income	5,818.93	6,116.97	5,818.93	6,105.68
Net Profit	114.15	43.52	140.09	80.95
EPS (Rs.)	1.14	0.44	1.40	0.81

Management Commentary

The Board of Directors approved these results at their meeting held on August 13. The company's management expressed satisfaction with the strong performance, particularly in the FIBC segment, which has shown resilience and growth despite challenging market conditions.

Conclusion

The financial results underscore Polyspin Exports' strong position in the FIBC and related products market, with its focused approach continuing to yield positive results for the company and its shareholders.

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