Please find attached presentation on the Audited Financial results (Consolidated and Standalone) for the half year and financial year ended March 31, 2026.
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Glen Industries reported FY26 total income of ₹20,515.86 Lakhs, up 19.9% from ₹17,117.71 Lakhs in FY25, driven by strong demand for sustainable food packaging. However, profitability declined with PAT at ₹1,650.25 Lakhs (vs ₹1,822.31 Lakhs in FY25) and EBITDA at ₹3,906.75 Lakhs (vs ₹4,086.01 Lakhs), as raw material costs rose significantly to ₹11,928.74 Lakhs. The company manufactures thin wall containers (73.37% of revenue), PLA straws, and paper straws from its 90,000 sq. ft. facility in West Bengal, serving 40+ international customers across 30+ countries. Management announced plans to invest ₹10,049 Lakhs to expand thin wall container capacity from 7,986 to 21,095 MT/year and enter paper cups with 7,696 MT capacity. The company listed on BSE in July 2025 and maintains a net worth of ₹13,961.04 Lakhs.
Despite strong revenue growth, declining margins signal cost pressure that could concern investors. The ₹10,049 Lakhs capital investment in capacity expansion and new product lines (paper cups) represents a significant bet on future growth but may pressure near-term cash flows and increase debt levels, which already rose to ₹12,072.81 Lakhs in total borrowings.