Tokyo Plast International Limited has announced its Q3FY26 financial results, showing a revenue decline of 10.02% year-on-year to ₹1,714.40 lakhs from ₹1,905.36 lakhs in Q3FY25. The plastic thermoware products manufacturer reported a standalone net loss of ₹1.07 lakhs for the quarter, contrasting with a profit of ₹8.12 lakhs in the corresponding period last year.

Quarterly Performance Analysis

The company's Q3FY26 standalone results revealed mixed performance across key metrics:

Sequentially, revenue declined from ₹2,108.70 lakhs in Q2FY26 to ₹1,714.40 lakhs in Q3FY26, representing an 18.70% quarter-on-quarter decrease. The company moved from a profit of ₹69.69 lakhs in the preceding quarter to a loss in Q3FY26.

Nine-Month Performance Shows Growth

Despite quarterly challenges, the nine-month period ending December 31, 2025, demonstrated strong performance:

Expense Structure and Profitability

Total expenses for Q3FY26 stood at ₹1,705.19 lakhs compared to ₹1,895.61 lakhs in Q3FY25, showing a 10.05% decrease. Key expense components included:

• Cost of materials consumed: ₹1,107.88 lakhs (Q3FY26) vs ₹1,104.09 lakhs (Q3FY25)
• Employee benefits expenses: ₹422.37 lakhs vs ₹392.98 lakhs
• Finance costs: ₹78.29 lakhs vs ₹37.19 lakhs
• Other expenses: ₹342.51 lakhs vs ₹330.53 lakhs

The company benefited from a favorable change in inventories of ₹323.49 lakhs in Q3FY26 compared to ₹55.25 lakhs in Q3FY25.

Consolidated Results and Subsidiary Impact

Consolidated results showed a net loss of ₹13.31 lakhs for Q3FY26 compared to a profit of ₹8.12 lakhs in Q3FY25. The subsidiary Pinnacle Drinkware Private Limited contributed to the consolidated loss with ₹12.46 lakhs for the quarter and ₹20.33 lakhs for the nine-month period.

Corrigendum and Regulatory Compliance

The company issued a corrigendum on January 13, 2026, addressing clerical errors in expense classifications in the original financial results submission. Management clarified that these corrections were purely clerical and did not impact total expenses, profit/loss, or the overall financial position. The results were reviewed by the Audit Committee and approved by the Board of Directors on January 13, 2026, with limited review reports provided by U B G & Company, Chartered Accountants.

Tokyo Plast International Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company, which operates in the plastic thermoware products segment, reported mixed performance with quarterly revenue declining year-over-year while nine-month results showed improvement.

Quarterly Financial Performance

The company's standalone operations for Q3FY26 showed challenging performance compared to the previous year. Revenue from operations declined by 10.02% to ₹1,714.40 lakhs from ₹1,905.36 lakhs in Q3FY25. The quarter also witnessed a shift from profitability to loss, with the company reporting a net loss of ₹1.07 lakhs compared to a net profit of ₹8.12 lakhs in the corresponding quarter of the previous year.

Nine-Month Performance Analysis

Despite the quarterly challenges, the company's nine-month performance demonstrated resilience. Standalone revenue from operations for the nine months ended December 31, 2025, increased by 2.04% to ₹5,643.83 lakhs from ₹5,531.28 lakhs in the previous year. Net profit showed substantial growth of 51.04%, rising to ₹128.24 lakhs from ₹84.91 lakhs in the corresponding nine-month period of FY25.

Operational Expenses and Margins

The company's cost structure showed mixed trends during Q3FY26. Cost of materials consumed decreased to ₹1,107.88 lakhs from ₹1,104.09 lakhs in Q3FY25. Employee benefit expenses increased to ₹422.37 lakhs from ₹392.98 lakhs, representing a 7.48% rise. Finance costs more than doubled to ₹78.29 lakhs from ₹37.19 lakhs in the previous year quarter, indicating higher borrowing costs.

Consolidated Results

The consolidated financial results, which include the subsidiary Pinnacle Drinkware Private Limited, showed similar trends. Consolidated revenue from operations remained at ₹1,714.40 lakhs for Q3FY26, identical to standalone figures. However, the consolidated net loss was higher at ₹13.31 lakhs compared to the standalone loss of ₹1.07 lakhs, primarily due to subsidiary losses.

Corporate Governance and Compliance

The Board of Directors approved these unaudited financial results at their meeting held on January 13, 2026. The results were reviewed by the Audit Committee and have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. The company maintains its paid-up equity share capital at ₹950.14 lakhs with a face value of ₹10 per share.