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All Time Plastics Q2 FY27 results: net profit down 11.2% to ₹3.63 crore, revenue up 18.1%
All Time Plastics Limited reported consolidated Q2 FY27 revenue of ₹174.08 crore, up 18.1% from Q2 FY26 and 7.7% from Q1 FY27. EBITDA fell to ₹13.58 crore and margin to 7.8%, while net profit was ₹3.63 crore and basic EPS was ₹0.55.
Key points
- Consolidated Q2 FY27 revenue was ₹174.08 crore, up 18.1% from ₹147.40 crore a year earlier and 7.7% from ₹161.69 crore in Q1 FY27.
- EBITDA was ₹13.58 crore, down 15.9% from ₹16.15 crore in Q2 FY26 and 42.1% from ₹23.44 crore in Q1 FY27.
- EBITDA margin fell to 7.8% from 11.0% in Q2 FY26 and 14.5% in Q1 FY27.
- Net profit was ₹3.63 crore, down 11.2% from ₹4.09 crore in Q2 FY26 and 69.6% from ₹11.96 crore in Q1 FY27; basic EPS was ₹0.55.
- For H1 FY27, revenue was ₹335.77 crore and net profit was ₹15.59 crore, compared with ₹305.38 crore and ₹16.9 crore in H1 FY26.
How did All Time Plastics perform in Q2 FY27?
All Time Plastics reported consolidated revenue of ₹174.08 crore in Q2 FY27, up ₹26.68 crore, or 18.1%, from ₹147.40 crore in Q2 FY26 and ₹12.39 crore, or 7.7%, from ₹161.69 crore in Q1 FY27. Total income was ₹176.81 crore, while total expenses increased 19.8% year on year to ₹171.80 crore.
EBITDA was ₹13.58 crore, down ₹2.57 crore from ₹16.15 crore a year earlier and ₹9.86 crore from ₹23.44 crore in the previous quarter. EBITDA margin fell to 7.8% from 11.0% year on year and 14.5% sequentially, declines of 3.2 percentage points and 6.7 percentage points, respectively.
Consolidated profit before tax was ₹5.01 crore, down from ₹5.61 crore in Q2 FY26 and ₹16.24 crore in Q1 FY27. Tax was ₹1.38 crore, and net profit was ₹3.63 crore, compared with ₹4.09 crore and ₹11.96 crore in the respective quarters. Basic EPS was ₹0.55, down from ₹0.72 and ₹1.83. On the standalone basis, revenue was ₹174.0 crore and profit was ₹4.22 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 174.08 | 161.69 | 147.40 | +18.1% | +7.7% |
| Other income | 2.73 | 3.50 | 1.62 | +68.5% | −22.0% |
| Total expenses | 171.80 | 148.94 | 143.42 | +19.8% | +15.3% |
| EBITDA | 13.58 | 23.44 | 16.15 | −15.9% | −42.1% |
| EBITDA margin | 7.8% | 14.5% | 11.0% | −3.2 pp | −6.7 pp |
| Profit before tax | 5.01 | 16.24 | 5.61 | −10.7% | −69.2% |
| Tax | 1.38 | 4.28 | 1.52 | −9.2% | −67.8% |
| Net profit | 3.63 | 11.96 | 4.09 | −11.2% | −69.6% |
| EPS (₹) | 0.55 | 1.83 | 0.72 | −23.6% | −69.9% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in All Time Plastics' costs and profit?
Cost of materials was the largest change, rising ₹35.95 crore, or 38.3%, to ₹129.72 crore from ₹93.77 crore in Q2 FY26. Employee cost rose ₹3.47 crore, or 24.1%, to ₹17.86 crore, while other expenses increased ₹5.54 crore, or 24.3%, to ₹28.32 crore. Depreciation rose ₹1.50 crore to ₹8.67 crore, while finance costs fell ₹2.37 crore to ₹2.63 crore.
Other income increased ₹1.11 crore, or 68.5%, to ₹2.73 crore from ₹1.62 crore in the year-ago quarter. Tax expense was ₹1.38 crore, down ₹0.14 crore from ₹1.52 crore, and there was no exceptional item in either quarter. Total expenses rose ₹28.38 crore, or 19.8%, to ₹171.80 crore.
Management said average prices across key polymers increased by 40–45% because the West Asia conflict escalated. It said export prices are fixed per order and can be revised only on new orders, and the company absorbed part of the increase to protect customer relationships. Management also said fixed costs rose because of labour and staff costs at the new Khatalwada and bamboo facilities.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 129.72 | 93.77 | +35.95 | +38.3% |
| Employee cost | 17.86 | 14.39 | +3.47 | +24.1% |
| Finance costs | 2.63 | 5 | −2.37 | −47.4% |
| Depreciation | 8.67 | 7.17 | +1.50 | +20.9% |
| Other expenses | 28.32 | 22.78 | +5.54 | +24.3% |
| Total expenses | 171.80 | 143.42 | +28.38 | +19.8% |
| Other income | 2.73 | 1.62 | +1.11 | +68.5% |
| Tax | 1.38 | 1.52 | −0.14 | −9.2% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, consolidated revenue was ₹335.77 crore, up ₹30.39 crore, or 10.0%, from ₹305.38 crore in H1 FY26. Total income was ₹341.99 crore, up ₹34.38 crore, or 11.2%, while profit before tax fell ₹1.57 crore, or 6.9%, to ₹21.25 crore.
Net profit for H1 FY27 was ₹15.59 crore, down ₹1.31 crore, or 7.8%, from ₹16.9 crore in H1 FY26. Basic EPS declined 20.1% to ₹2.38 from ₹2.98. Management said the standalone H1 FY27 EBITDA margin fell to 11.0% from 14.7%, while standalone PAT fell 4.1% to ₹16.3 crore.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 335.77 | 305.38 | +10.0% |
| Profit before tax | 21.25 | 22.82 | −6.9% |
| Net profit | 15.59 | 16.90 | −7.8% |
| EPS (₹) | 2.38 | 2.98 | −20.1% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, consolidated total assets were ₹856.82 crore, up from ₹783.88 crore at 31 March 2026, while total equity was ₹628.94 crore compared with ₹613.69 crore. Borrowings rose to ₹97.38 crore from ₹80.31 crore, and cash fell to ₹47.45 crore from ₹89.45 crore.
Inventories increased to ₹120.17 crore from ₹68.58 crore at the previous balance sheet date. Trade receivables rose to ₹99.49 crore from ₹74.9 crore, while trade payables increased to ₹63.34 crore from ₹30.59 crore. Management attributed the higher working capital to shipping delays, raw-material buffers and two customers changing banking arrangements.
Consolidated operating cash flow in H1 FY27 was negative ₹21.91 crore, compared with positive ₹53.27 crore in H1 FY26. Investing cash flow was negative ₹31.16 crore against negative ₹151.75 crore, while financing cash flow was positive ₹11.07 crore compared with ₹226.12 crore. Capital expenditure was ₹49.5 crore, down from ₹72.32 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 856.82 | 783.88 |
| Total equity | 628.94 | 613.69 |
| Borrowings | 97.38 | 80.31 |
| Cash and equivalents | 47.45 | 89.45 |
| Inventories | 120.17 | 68.58 |
| Trade receivables | 99.49 | 74.90 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −21.91 | 53.27 |
| Cash from investing | −31.16 | −151.75 |
| Cash from financing | 11.07 | 226.12 |
| Capital expenditure | 49.50 | 72.32 |
Source: Company's results filing (XBRL).
How has All Time Plastics done over the last 6 quarters?
Revenue increased year on year in each of the last two quarters, after reaching ₹147.40 crore in Q2 FY26 and rising to ₹174.08 crore in Q2 FY27, the highest revenue in the six-quarter series. It fell to ₹145.75 crore in Q4 FY26 before recovering through Q1 and Q2 FY27.
Net profit moved from ₹4.09 crore in Q2 FY26 to ₹9.17 crore in Q3 FY26 and ₹9.33 crore in Q4 FY26, before reaching ₹11.96 crore in Q1 FY27 and falling to ₹3.63 crore in Q2 FY27. The Q2 FY27 profit was the lowest in the six-quarter series.
EBITDA margin fell from 14.5% in Q1 FY27 to 7.8% in Q2 FY27, its lowest point in the series. The peak was 18.2% in Q1 FY26, while the margin had reached 11.0% in Q2 FY26. Revenue rose in Q2 FY27, but profit and margin moved lower.
What else did the company announce?
The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, along with the statutory auditors’ limited review report. The board also approved a further investment of ₹5,00,00,000 in All Time Bamboo Private Limited, a wholly owned subsidiary.
The board approved the transfer of Rahul Vohra, General Manager and Senior Management Personnel engaged in the Guwahati bamboo division, from All Time Plastics to All Time Bamboo Private Limited with effect from 1 November 2026. In a separate same-day filing, Vice President–Operations Girish Shete resigned effective 3 November 2026 for personal reasons and requested relief by 30 November 2026.
What did All Time Plastics' management say?
Management said revenue grew 18% year on year and 8% sequentially to Rs. 174 crore, but the West Asia conflict pushed average prices across key polymers up by 40–45%, and container shortages held back export shipments in September. It said export prices are fixed per order and can be revised only on new orders, so the company absorbed part of the increase to protect long-standing customer relationships.
Management said the near-term priorities were resetting prices across customers, accelerating domestic growth and bringing new capacity and categories to full contribution. Further capex will be calibrated to demand. It said shipments resumed in October and the export backlog was clearing quickly, while domestic revenue grew about 36% sequentially and 27% year on year to 19.5% of Q2 revenue.
Management said 14 new machines, adding about 1,500 tons of capacity, were expected to be installed in December 2026. It said the Guwahati bamboo facility would begin commercial production in mid-November 2026, with sales commencing in Q4 FY27 and revenue of Rs. 25–30 crore expected in calendar year 2027.
Management said EBITDA margin normalisation was expected as utilisation improves and operating leverage strengthens, but gave no numerical target. It said capacity utilisation fell to 67% from 83% a year earlier and H1 polymer volumes declined to 13,234 MT from 14,262 MT. Management also said working capital was temporarily higher because of shipping delays, raw-material buffers and two customers changing banking arrangements.
Quick answers
What was All Time Plastics' revenue in Q2 FY27?
Revenue from operations was ₹174.08 crore, up 18.1% from ₹147.40 crore in Q2 FY26 (consolidated).
Did All Time Plastics make a profit in Q2 FY27?
Yes. Net profit was ₹3.63 crore, against a net profit of ₹4.09 crore in Q2 FY26.
What was All Time Plastics' EPS in Q2 FY27?
Basic earnings per share were ₹0.55, against ₹0.72 in Q2 FY26.
When did All Time Plastics announce its Q2 FY27 results?
On 4 November 2026, in a filing to the NSE.
Sources
- Board Meeting Intimation for Considering And Approving The Unaudited Financial Results Of The Company (Standalone And Consolidated) For The Quarter And Half Year Ended September 30, 2026. (BSE, 17 October 2026) · PDF
- Outcome of Board Meeting (NSE, 4 November 2026) · PDF
- General Updates (NSE, 4 November 2026) · PDF
- The investor presentation (4 November 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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