Unaudited Financial Results for the quarter and half year ended on 30th September, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Machino Plastics reported H1 FY26 revenue of ₹22,293.67 lakhs, up about 18.6% YoY from ₹18,790.31 lakhs. However, profit after tax fell sharply to ₹254.66 lakhs versus ₹351.26 lakhs in H1 FY25, a decline of roughly 27.5%. Q2 FY26 (standalone) was particularly weak, with PAT collapsing to just ₹54.63 lakhs from ₹200.03 lakhs in the preceding quarter. Margins came under significant pressure as raw material and employee costs grew faster than revenue, with PBT margin slipping to about 1.8% for the half year versus 2.9% a year earlier. On the balance sheet, property, plant and equipment surged to ₹22,618 lakhs from ₹12,390 lakhs, and total borrowings climbed to nearly ₹22,000 lakhs, indicating heavy capex-led debt expansion. The statutory auditor issued an unmodified limited review opinion.
Despite healthy top-line growth, the steep drop in profitability and margin compression in Q2 are likely to disappoint investors and could weigh on the stock. Rising debt levels to fund capex is another area to watch, though the asset base has also expanded meaningfully.