Polyplex Corporation Reports Mixed Q1 Results: Standalone Profit Surges, Consolidated Performance Dips 1 day ago
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.
Polyplex Triumphs in Thai Arbitration, Stakes Claim to ₹3.54 Billion Jun 24, 2025
Polyplex Corp's US Subsidiary Launches New Thin Film Line, Boosts Capacity Mar 27, 2025
More news about Polyplex Corporation
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.