Kanpur Plastipack Limited has informed the Exchange about Transcript
KANPRPLA · price
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Kanpur Plastipack reported Q3 FY26 total income of INR 195.2 crores, up ~19% year-on-year, with EBITDA of INR 17.8 crores (margin 9.1%) and net profit of INR 9.2 crores, up ~23% YoY. For nine months FY26, total income rose ~20% YoY to INR 543.6 crores with net profit of INR 23.7 crores. Europe accounted for 62% of exports, and 80-85% of business comes from repeat customers. Management highlighted ongoing shift in product mix toward FIBC (currently 54% of manufacturing, targeted at 70-75%), which carries higher EBITDA margins of 12.5-13.5% versus 7% for fabric and multifilament. Capex of INR 99 crores is underway, including 6,000 tons of FIBC capacity expansion (lifting total from 18,000 to 24,000 tons over 4-5 years) and a INR 55 crore non-woven needle punch project. A 50:50 asset-light JV with Italy's Essegomma (ESSEKAN) was incorporated to enter premium polypropylene yarn for outdoor furniture, targeting INR 20-25 crores revenue in FY27.
Strong topline growth and management's clear roadmap to shift capacity toward higher-margin FIBC products suggest potential margin expansion over the medium term. The Europe FTA, stable order book, and new product diversification support a constructive outlook, though management could not explain a negative trading segment result on a consolidated basis, which warrants follow-up.