Tokyo Plast International Limited has announced its Q3FY26 financial results, showing mixed performance with quarterly revenue declining while nine-month figures demonstrated growth. The plastic thermoware products manufacturer also issued a corrigendum addressing clerical corrections in expense classifications.

Q3FY26 Financial Performance

The company's third quarter performance showed a decline compared to the previous year, with several key metrics reflecting challenging market conditions.

Nine-Month Performance Shows Recovery

Despite quarterly challenges, the nine-month period ended December 31, 2025, demonstrated positive growth across key financial parameters.

Operational Highlights

The company's cost structure showed significant variations during Q3FY26. Cost of materials consumed decreased to ₹1,107.88 lakhs from ₹1,104.09 lakhs in Q3FY25. Employee benefits expenses increased to ₹422.37 lakhs compared to ₹392.98 lakhs in the previous year quarter. Finance costs rose substantially to ₹78.29 lakhs from ₹37.19 lakhs, reflecting higher borrowing costs.

Consolidated Results

On a consolidated basis, the company reported a net loss of ₹13.31 lakhs for Q3FY26 compared to a profit of ₹8.12 lakhs in Q3FY25. The consolidated nine-month net profit stood at ₹58.65 lakhs versus ₹84.37 lakhs in the previous year, indicating pressure from subsidiary operations.

Regulatory Compliance

The company issued a corrigendum on January 13, 2026, addressing inadvertent clerical errors in expense classifications in its original financial results submission. Management clarified that these corrections were purely clerical in nature and did not impact total expenses, profit/loss, or the overall financial position of the company. The revised financial results were submitted to both BSE and NSE for record.

The financial results were reviewed by the audit committee and approved by the board of directors on January 13, 2026. The company operates solely in the plastic thermoware products segment, with segment-wise reporting under Ind AS 108 not being applicable.

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.