Kshitij Polyline Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.

Revenue growth above 20%EBITDA margin expansionResults restatedNegative operating cash flowResults View source PDF Explain this filing

KSHITIJPOL · price

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+2.4%+0.4% vs market

Stationary peers, median of 7sector+1.5%+1.3% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 1.3 pts more than its Stationary peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Kshitij Polyline Limited reported strong turnaround with revenue from operations growing 46% to ₹4,475.05 Lakhs in FY26 from ₹3,058.02 Lakhs in FY25. The company swung from a loss of ₹947.34 Lakhs in FY25 to a profit before tax of ₹396.95 Lakhs and net profit of ₹355.18 Lakhs in FY26. Total assets increased significantly to ₹8,819.28 Lakhs from ₹5,276.84 Lakhs, driven by share capital increase (from ₹1,780.01 Lakhs to ₹3,084.90 Lakhs) through fresh equity issuance of ₹2,581.28 Lakhs. The company incurred heavy capital expenditure of ₹1,995.63 Lakhs on property, plant and equipment. Operating cash flow was negative due to substantial inventory buildup and working capital consumption. Statutory auditors VRCA & Associates issued an unmodified opinion with no going concern issues. The company appointed M/s. Valawat & Associates as internal auditor for FY27.

Likely market impact

The stock shows a remarkable recovery from FY25 losses with nearly 46% revenue growth and return to profitability. However, the negative operating cash flow and heavy reliance on equity financing for growth capex are areas of concern. The clean audit opinion is positive for investor confidence.

By the numbersConsolidated · Q4 FY26 vs Q4 FY25

	Q4 FY26	Q4 FY25	Change
Revenue	₹13.14 Cr	₹6.66 Cr	+97.3%
Operating profit	₹2.28 Cr	−₹6.21 Cr	turned positive
Profit after tax	₹2.14 Cr	−₹3.81 Cr	turned positive
EBITDA margin	28.1%	-65.0%	+93.2 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.