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Latest news about Polyplex Corporation

Polyplex Corporation Dissolves US Step-Down Subsidiary PAR LLC Effective March 27, 2026 7 hrs ago Today

Polyplex Corporation Limited announced the voluntary dissolution of PAR LLC, USA, its step-down subsidiary, effective March 27, 2026, following completion of regulatory filings with Texas authorities. The subsidiary had no turnover during FY 2024-25 and maintained a net worth of Rs. 15.55 crore, representing 0.25% of the parent company's net worth. PAR LLC liquidated its assets and remitted the entire capital contribution along with surplus to its immediate parent company before dissolution.

Polyplex Corporation Acquires 51% Stake in TechNova Printrite for Rs 621 Crore 2 days ago

Polyplex Corporation Board Approves Rs 1,100 Lakh Investment in Solar Power Initiative 2 days ago

Polyplex Corporation Invests Rs 110 Lakh in BECIS Solar 1 for Renewable Energy 2 days ago

Polyplex Corporation Receives IND AA-/Stable Rating on ₹8,670 Million Bank Loan Facilities Mar 10, 2026

More news about Polyplex Corporation

14Feb 26

Polyplex Corporation Reports Mixed Q3 FY26 Performance with Consolidated Profit Despite Standalone Loss

Polyplex Corporation Limited reported mixed Q3 FY26 results with standalone operations recording a loss of ₹770 lakh against a profit of ₹1,919 lakh in the previous year, while consolidated operations showed resilience with a profit of ₹2,961 lakh. Standalone revenue declined 18.3% to ₹33,117 lakh, whereas consolidated revenue decreased marginally by 2.3% to ₹168,243 lakh. The results were approved by the Board of Directors on February 13, 2026.

29Jan 26

Polyplex Corporation Limited Announces Board Meeting on February 13, 2026 for Q3FY26 Financial Results

Polyplex Corporation Limited has announced a Board of Directors meeting scheduled for February 13, 2026, to consider unaudited financial results for Q3FY26 ended December 31, 2025. The meeting notice, issued under SEBI (LODR) Regulations 2015, covers both standalone and consolidated results and has been communicated to NSE and BSE where the company is listed.

14Nov 25

Polyplex Corporation Reports 72% Drop in Q2 Net Profit Amid Challenging Market Conditions

Polyplex Corporation Limited, a major polyester film manufacturer, reported a 72% decline in Q2 consolidated net profit to Rs 247.00 million, despite a 3% increase in revenue to Rs 17.90 billion. EBITDA fell to Rs 1.02 billion, with margins compressing to 5.72%. The company faced challenges including industry oversupply, tepid demand, competitive pressures, and operational issues in its U.S. production line. Future outlook remains uncertain due to ongoing market challenges and capacity buildup in China.

14Nov 25

Polyplex Corporation Announces ₹1,000+ Cr Expansion Amid Q2 Profit Decline

Polyplex Corporation, a polyester film manufacturer, revealed expansion plans with over ₹1,000 crores capital expenditure for facilities in the US and India, despite reporting a 71.87% year-on-year decline in Q2 net profit to ₹2,470.00 lakhs. The company's consolidated revenue increased by 3.17% to ₹1,79,404.00 lakhs. Polyplex aims for 12-15% revenue CAGR through value-added products and sustainability initiatives. Management remains confident in long-term market potential despite current challenges.

08Nov 25

Polyplex Corporation to Consider Interim Dividend in Upcoming Board Meeting

Polyplex Corporation Limited's Board of Directors will consider declaring an interim dividend for FY 2025-26 during their meeting on November 13, 2025. The meeting will also review unaudited financial results for Q2 and H1 FY 2025-26, covering the period ended September 30, 2025.

12Aug 25

Polyplex Corporation Reports Mixed Q1 Results: Standalone Profit Surges, Consolidated Performance Dips

Polyplex Corporation's Q1 FY2026 results show contrasting performances. Standalone profit surged 238.30% YoY to Rs. 2,209.00 lakh, with revenue up 2.40% to Rs. 39,194.00 lakh. However, consolidated results reported a net loss of Rs. 5,981.00 lakh, compared to a profit of Rs. 9,713.00 lakh in Q1 FY2025, despite a 3.10% increase in revenue to Rs. 1,73,867.00 lakh. The company's Thai subsidiary received an arbitration notice from a minority shareholder of EcoBlue Limited regarding share purchase claims, which the company is contesting.

24Jun 25

Polyplex Triumphs in Thai Arbitration, Stakes Claim to ₹3.54 Billion

Polyplex Corporation Limited has won a significant arbitration case in Thailand against EcoBlue, a company in which it holds a minority stake. The Thai court's ruling allows Polyplex to assert a claim of ₹3.54 billion (approximately $42.50 million USD). The dispute's specific details remain undisclosed, but the substantial claim amount indicates its importance to both parties. This victory could have significant implications for Polyplex's financial position and its relationship with EcoBlue.

28May 25

Polyplex Corporation's Q4 Profit Rises YoY, Recommends Dividend

Polyplex Corporation's Q4 results show year-over-year improvements in net profit (₹101.00 crore, up 20%) and revenue (₹1,740.00 crore, up 3.6%). However, EBITDA decreased to ₹63.90 crore (-33.8%), with EBITDA margin falling to 3.67%. The company announced a dividend of ₹4.25 per equity share. Quarter-over-quarter net profit declined significantly from ₹578.00 crore in Q3 to ₹101.00 crore in Q4.

21Apr 25

Renowned Investor Dolly Khanna Acquires 1.16% Stake in Polyplex Corp

Renowned investor Dolly Khanna has acquired a 1.16% stake in Polyplex Corporation Limited, as revealed in the company's fourth quarter shareholding pattern disclosure. Khanna, known for identifying potential multibagger stocks, has shown interest in the polyester film manufacturer. This development may attract increased attention from the investment community towards Polyplex Corp.

27Mar 25

Polyplex Corp's US Subsidiary Launches New Thin Film Line, Boosts Capacity

Polyplex Corporation's US subsidiary has commenced commercial operations of a new BOPET thin film line with a capacity of 50,000 MT per annum, increasing total US thin film production to 81,000 MT annually. The company also upgraded its PET resin plant, boosting capacity from 58,000 to 86,000 MT per annum. Additionally, Polyplex announced the closure of its trading window from April 1, 2025, until 48 hours after the declaration of FY2025 financial results.

26Mar 25

Polyplex Corporation Expands US Operations with New Thin Film Line and Capacity Upgrades

Polyplex Corporation's US subsidiary has commenced commercial production on two major projects. A new thin film production line with 50,000 MT annual capacity has been added, increasing total US thin film capacity to 81,000 MT per annum. Additionally, a PET resin plant upgrade has boosted capacity from 58,000 MT to 86,000 MT annually. These expansions significantly enhance Polyplex's manufacturing capabilities in the US market.

21Mar 25

Polyplex Corp's US Subsidiary Launches Trial Runs for $124 Million Expansion Projects

Polyplex Corporation's US subsidiary has begun trial runs for two major projects: a new 50,000 MT/year BOPET Thin film line and an expansion of PET resin capacity from 58,000 to 86,000 MT/year. The $124 million investment, financed through internal funds and borrowings, positions Polyplex to become the largest, most cost-competitive BOPET thin film producer in the US. Commercial production is expected to start within days.