Annual Report for the financial year 2024-25
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Ecoplast Limited has submitted its 43rd Annual Report for FY 2024-25 to BSE. Revenue from operations rose to Rs. 12,658.88 lacs from Rs. 11,344.14 lacs in the previous year, an increase of about 11.6%. However, net profit declined to Rs. 806.02 lacs from Rs. 946.70 lacs, a drop of nearly 15%. The company undertook a major capacity expansion in Q3 FY25, raising blown film capacity from 4,200 MT to 5,760 MT and coating capacity from 2,400 MT to 4,080 MT, with benefits expected in the next financial year. Q4 sales were flat due to weak demand across sectors. The 43rd AGM is scheduled for August 12, 2025, where shareholders will consider appointment of a new Independent Director (Ms. Priyal Vora), ratification of Cost Auditor remuneration, and appointment of a new Secretarial Auditor (M/s Parikh & Associates) for five years.
Mixed performance for shareholders — top line grew but bottom line shrank, with management attributing weak Q4 demand as the main drag and highlighting that the recently completed capacity expansion should drive growth going forward. The filing is largely a regulatory compliance submission and routine AGM-related governance matters.