Pyramid Technoplast Limited , a leading manufacturer of polymer packaging solutions, reported mixed financial results for the first quarter, with expanded production capacity and new sustainability initiatives set to drive future growth.

Financial Performance

The company reported quarterly revenue of ₹164.00 crores, marking a 23% year-on-year increase but a 4% quarter-on-quarter decline. EBITDA rose to ₹14.00 crores, up 18% quarter-on-quarter and 13% year-on-year, with an 8.6% margin. Net profit stood at ₹8.00 crores for the quarter.

Segment Performance

The IBC (Intermediate Bulk Container) segment emerged as the star performer, with a 55% volume growth and 42% revenue growth year-on-year. IBC's contribution to overall revenue increased to 37% from 34% last year. The MS Drum segment saw a 19% year-on-year volume growth and 11% revenue growth, while HDPE drums grew 13% in volume and 7% in revenue.

Capacity Expansion and New Plant Operations

Pyramid Technoplast's new Wada plant commenced production on June 28th, with the company expecting a revenue contribution of ₹50-70 crores for the current financial year. The plant's Phase 1 includes one IBC line, two HDPE large blow molding lines, and a 30,000 MS drum capacity.

The company's overall production capacity increased by 34% to 68,800 metric tons per annum, with a 73.4% capacity utilization in Q1. At Unit 6 in Bharuch, MS Drum capacity was expanded from 50,000 to 90,000 units.

Sustainability Initiatives

Pyramid Technoplast is set to commission a 15-megawatt captive solar power project, expected to reduce annual power costs by approximately ₹10.00 crores. The project will be operational in phases starting September.

Additionally, the company is establishing a recycling plant with a 5,000 metric ton annual capacity, scheduled to begin production in September. This initiative aims to reduce raw material costs, decrease dependency on imports, and support the company's sustainability efforts.

Management Commentary

Jai Prakash Agarwal, Whole-time Director and CFO, stated, "This has been an important quarter for us, not just in numbers, but in the steady progress we have made towards building a scalable and future-ready business. From establishing a strong base in Gujarat, we are now scaling up in Maharashtra with capacity expansion across all drum categories, marking the next chapter of our growth journey."

Future Outlook

The management maintains its guidance for double-digit EBITDA margins and expects stronger performance from Q2 onwards, driven by new plant operations and solar power benefits. The company aims to reach a revenue of around ₹700.00 crores for the current fiscal year, representing over 15% growth.

With capacity expansions, sustainability projects, and operational efficiencies coming together, Pyramid Technoplast appears well-positioned to deliver consistent growth and improved profitability in the coming quarters.

Pyramid Technoplast Limited , a leading player in the packaging industry, has made two significant announcements that are likely to interest its shareholders and market watchers.

Dividend Announcement

The company has set September 12, 2025, as the record date for determining shareholders eligible for the final dividend of ₹0.50 per equity share for the financial year 2024-2025. This dividend, recommended by the Board of Directors at their meeting on May 26, 2025, is subject to approval by members at the upcoming 27th Annual General Meeting (AGM) scheduled for September 25, 2025.

If approved at the AGM, the final dividend will be paid on or after October 3, 2025. This move signals the company's commitment to rewarding its shareholders despite the challenging economic environment.

Q1 FY26 Financial Performance

In addition to the dividend announcement, Pyramid Technoplast has released its unaudited financial results for the first quarter ended June 30, 2025 (Q1 FY26). The results show a robust performance, with significant year-on-year growth in key financial metrics.

Here's a snapshot of the company's Q1 FY26 performance:

The company has demonstrated strong top-line growth with revenue from operations increasing by 22.59% compared to the same quarter last year. Net profit after tax also saw an improvement, rising by 4.51% year-on-year.

Earnings per share (EPS) for the quarter stood at ₹2.16, up from ₹2.06 in the corresponding quarter of the previous year, representing a 4.85% increase.

Management Commentary

Following the release of the financial results, the company held an earnings call with analysts and investors on August 7, 2025. The audio and video recordings of this call have been made available on the company's website, allowing stakeholders to gain deeper insights into the company's performance and future outlook.

Pyramid Technoplast Limited continues to trade on the BSE with scrip code 543969 and on the NSE with the symbol PYRAMID. The company's performance in Q1 FY26 and its decision to recommend a dividend despite the ongoing economic challenges demonstrate its resilience and commitment to shareholder value.

Investors and stakeholders are advised to review the detailed financial results and listen to the earnings call recording for a comprehensive understanding of the company's performance and future strategies.