Pyramid Technoplast Reports 27% Volume Growth in Q1FY26, Commissions New Maharashtra Unit

2 min read     Updated on 07 Aug 2025, 02:26 PM
scanxBy ScanX News Team
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Overview

Pyramid Technoplast Limited, an industrial packaging company, reported robust Q1FY26 results with 27% year-on-year volume growth to 12,612 MTPA. Revenue increased to Rs 164.00 crores, and gross margins improved by 110 basis points to 26%. The company's Intermediate Bulk Containers (IBCs) segment saw 55% volume growth and 42% revenue growth. A new unit in Wada, Maharashtra, began operations on June 20, 2025. The company operated at 73.4% capacity utilization and plans strategic initiatives including a solar power facility and a recycling plant. Capital expenditure of Rs 70.00-80.00 crores for FY26 and Rs 10.00-20.00 crores for FY27 is planned for expansion and green energy projects.

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

Pyramid Technoplast Limited , a leading industrial packaging company, has reported a strong performance in the first quarter of fiscal year 2026 (Q1FY26), marked by significant volume growth and operational expansion.

Key Highlights

  • Overall volume growth of 27% year-on-year, reaching 12,612 MTPA
  • Revenue increased to Rs 164.00 crores
  • Gross margins improved by 110 basis points to 26%
  • New Wada unit in Maharashtra commenced operations on June 20, 2025

Operational Performance

Pyramid Technoplast demonstrated robust growth across all drum categories in Q1FY26. The company's flagship product, Intermediate Bulk Containers (IBCs), recorded an impressive 55% year-on-year volume growth and 42% revenue growth. This segment now contributes 37% to the company's total revenue, highlighting its increasing importance in the product mix.

HDPE drums saw a 13% year-on-year volume growth with a 7% revenue increase, while MS Drums recorded a 19% year-on-year volume growth and 11% revenue growth.

Capacity Expansion and Utilization

The company operated at a capacity utilization of 73.4% in Q1FY26, achieving its best Q1 volume of 12,612 MTPA. The recently commissioned Wada unit in Maharashtra is expected to contribute significantly to production in the coming quarters, with full-swing operations anticipated in Q2FY26.

Financial Performance

Despite the strong volume growth, the company's EBITDA margins faced some pressure due to the operating costs of the new Wada unit. However, management expects these margins to normalize as capacity utilization picks up during the year. Gross margins rebounded to 26%, showing a 110 basis point improvement year-on-year, attributed to an improved product mix and input cost reduction.

Strategic Initiatives

Pyramid Technoplast is actively pursuing several strategic initiatives to enhance its operational efficiency and profitability:

  1. Green Energy Initiative: A 15.45 MW captive solar power facility is set to begin operations in September 2025, with an expected cost reduction of Rs 10.00 crores annually.

  2. Recycling Plant: The company plans to commence operations of a recycling plant (Unit 9) in September 2025. With a capex of Rs 8.00-10.00 crores, this plant will recycle 5,000 metric tons of plastic annually, potentially reducing raw material costs and dependency on imports.

  3. Capacity Expansion: The company has outlined a capital expenditure plan of Rs 70.00-80.00 crores for FY26 and Rs 10.00-20.00 crores for FY27, focusing on capacity expansion and green energy initiatives.

Future Outlook

Jaiprakash Bijaykumar Agarwal, Wholetime Director & CFO of Pyramid Technoplast, commented on the results, stating, "Our strong performance in Q1FY26 reflects the growing demand for our products and the success of our expansion strategies. The commissioning of our Wada unit is a significant milestone that will allow us to better serve our customers in Maharashtra and neighboring regions."

The company remains optimistic about its growth trajectory, banking on its strategic initiatives and the increasing demand for industrial packaging solutions. With its focus on operational efficiency, capacity expansion, and sustainability measures, Pyramid Technoplast is well-positioned to capitalize on market opportunities in the coming quarters.

Note: This article is based on the Q1FY26 investor presentation and does not include any forward-looking statements or predictions.

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Pyramid Technoplast Q4 Results: Revenue Up, Profits Dip

1 min read     Updated on 26 May 2025, 07:17 PM
scanxBy ScanX News Team
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Overview

Pyramid Technoplast's Q4 results show a 30.77% year-over-year revenue increase to ₹1.70 billion. However, profitability metrics declined slightly, with EBITDA falling 3.39% to ₹114.00 million and net profit decreasing 9.59% to ₹66.00 million. The EBITDA margin contracted from 8.86% to 6.65%. Quarter-over-quarter, net profit dipped 2.94% from ₹68.00 million in the previous quarter.

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

Pyramid Technoplast , a leading player in the packaging industry, has released its financial results for the fourth quarter, showcasing a mixed performance with revenue growth but a slight decline in profitability.

Revenue Growth

The company reported a significant increase in revenue for Q4, reaching ₹1.70 billion, up from ₹1.30 billion in the same period last year. This represents a robust year-over-year growth of approximately 30.77%, indicating strong demand for the company's products.

Profitability Metrics

Despite the impressive revenue growth, Pyramid Technoplast experienced a slight dip in its profitability metrics:

Metric Q4 (Current) Q4 (Previous Year) Change
EBITDA ₹114.00 million ₹118.00 million -3.39%
EBITDA Margin 6.65% 8.86% -2.21%
Net Profit ₹66.00 million ₹73.00 million -9.59%

Performance Analysis

The financial results paint a picture of a company experiencing strong top-line growth but facing pressure on its margins. The substantial increase in revenue suggests that Pyramid Technoplast has been successful in expanding its market presence or securing new contracts. However, the decline in EBITDA and net profit, despite higher revenue, indicates that the company might be dealing with increased costs or competitive pricing pressures.

The more significant drop in the EBITDA margin compared to the absolute EBITDA figure suggests that the company's operational costs have increased at a faster rate than its revenue growth. This could be due to various factors such as higher raw material costs, increased manufacturing expenses, or investments in capacity expansion.

Quarterly Comparison

When looking at the quarter-over-quarter performance, the net profit showed a slight decline from ₹68.00 million in the previous quarter to ₹66.00 million in Q4, representing a decrease of approximately 2.94%. This relatively stable performance suggests that while the company faces some challenges, it is maintaining a consistent level of profitability in the short term.

As Pyramid Technoplast navigates through a period of high growth and margin pressures, investors and analysts will likely be keen to see how the company plans to balance its expansion with profitability in the coming quarters.

Historical Stock Returns for Pyramid Technoplast

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