Polyplex Corporation Limited has informed the Exchange about Investor Presentation
POLYPLEX · price
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Polyplex reported Q1 FY25-26 revenue of $203 million (INR 1,736 crores), up 9% year-on-year, with normalized EBITDA of $22 million (INR 186 crores) at an 11% margin. Sales volume grew 7% sequentially to 91,000 MT, aided by the new US film line startup. However, the company posted a net loss of INR 60 crores (-$7 million) and a negative EPS of INR 6.15/share, primarily due to an unrealized FX loss of INR 156 crores ($18 million) from sharp EUR appreciation on restatement of long-term foreign currency loans. For Q2 FY25-26, management has guided normalized EBITDA at $22 million (flat QoQ), citing US ramp-up volumes and rising D-PAC (specialty) sales as supports, while flagging reciprocal tariff uncertainty persisting for one to two quarters. Growth capex of $76.5 million is in progress, including a new BOPET film line in India targeted for H2 FY26-27.
The reported net loss is largely a technical accounting effect from FX restatement of inter-company loans and is not reflective of underlying operations, which remained stable with consistent margins. Shareholders may view the flat Q2 guidance and continued tariff uncertainty as a near-term overhang, though the capacity expansion and growing D-PAC mix provide a medium-term growth path.