Polyplex Corporation Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
POLYPLEX · price
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Polyplex Corporation reported standalone revenue of Rs 149,720 lakh (down 4.2% YoY from Rs 156,277 lakh) and standalone PAT of Rs 5,921 lakh (down 23.2% from Rs 7,709 lakh). However, consolidated revenue grew 2.9% to Rs 708,586 lakh with consolidated PAT jumping 71% to Rs 35,772 lakh. The strong consolidated growth was driven by the Thailand subsidiary operations. The auditors issued an unmodified opinion on both standalone and consolidated results with no going concern issues. Post-reporting date, Polyplex acquired 51% of TechNova PrintHite Products for Rs 6,210 lakh. Additionally, Polyplex (Thailand) received an arbitration notice from a minority shareholder of EcoBlue Limited claiming Rs 377 crore, which management contests. Foreign currency transactions showed volatility with a net loss of Rs 17,992 lakh in 9M but recovered with Rs 4,093 lakh gain in Q4.
The standalone performance declined but consolidated results show strong growth from subsidiary operations. The arbitration claim of Rs 377 crore represents a contingent liability that investors should monitor.