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Integrated Thermoplastics Q2 FY27 results: net loss narrows to ₹1.26 crore, revenue down 36.1%
Integrated Thermoplastics Ltd reported standalone revenue of ₹0.23 crore and a net loss of ₹1.26 crore in Q2 FY27. Revenue was unchanged from Q1 FY27 but fell 36.1% from Q2 FY26, while the EBITDA margin improved to -326.3% from -463.0% in the previous quarter.
Key points
- Q2 FY27 standalone revenue was ₹0.23 crore, down 36.1% from ₹0.36 crore in Q2 FY26 and unchanged from Q1 FY27.
- The company reported an EBITDA loss of ₹0.74 crore, compared with a loss of ₹1.06 crore in Q2 FY26 and ₹1.05 crore in Q1 FY27.
- Q2 FY27 net loss was ₹1.26 crore, against a net loss of ₹1.30 crore in Q2 FY26; basic EPS was -2.01.
- H1 FY27 revenue was ₹0.35 crore, down 81.0% from ₹1.84 crore in H1 FY26, while the net loss narrowed to ₹1.95 crore from ₹2.78 crore.
- At 30 September 2026, total assets were ₹5.06 crore, total equity was negative ₹55.65 crore and borrowings were ₹29.05 crore.
How did Integrated Thermoplastics perform in Q2 FY27?
Integrated Thermoplastics reported standalone revenue of ₹0.23 crore in Q2 FY27, down 36.1% from ₹0.36 crore in Q2 FY26 and unchanged from ₹0.23 crore in Q1 FY27. EBITDA was a loss of ₹0.74 crore, compared with a loss of ₹1.06 crore a year earlier and ₹1.05 crore in the previous quarter. The EBITDA margin improved to -326.3% from -296.9% year on year and -463.0% sequentially.
The company reported a profit before tax of -₹1.15 crore for Q2 FY27, compared with -₹1.17 crore in Q2 FY26 and -₹1.15 crore in Q1 FY27. Net loss was ₹1.26 crore, against a net loss of ₹1.30 crore a year earlier and ₹1.26 crore in the previous quarter. Basic EPS was -2.01. The results were approved by the board on 3 November 2026 as unaudited standalone results for the quarter and half year ended 30 September 2026.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0.23 | 0.23 | 0.36 | −36.1% | +0.0% |
| Other income | 0 | 0 | 0 | ||
| Total expenses | 1.38 | 1.38 | 1.53 | −9.8% | +0.0% |
| EBITDA | −0.74 | −1.05 | −1.06 | ||
| EBITDA margin | -326.3% | -463.0% | -296.9% | −29.4 pp | +136.7 pp |
| Profit before tax | −1.15 | −1.15 | −1.17 | ||
| Tax | 0.12 | 0.12 | 0.12 | +0.0% | +0.0% |
| Net profit | −1.26 | −1.26 | −1.30 | ||
| EPS (₹) | −2.01 | −2.01 | −2.06 |
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 Integrated Thermoplastics' costs and profit?
Total expenses fell 9.8% to ₹1.38 crore in Q2 FY27 from ₹1.53 crore in Q2 FY26. Cost of materials declined 60.7% to ₹0.11 crore from ₹0.28 crore, while employee cost declined 12.4% to ₹0.78 crore from ₹0.89 crore. Depreciation increased 241.7% to ₹0.41 crore from ₹0.12 crore, and other expenses were not reported for Q2 FY27.
Other income was unchanged at ₹0 crore, finance costs were unchanged at ₹0 crore, and there was no exceptional item. Tax expense was unchanged at ₹0.12 crore. Profit before tax improved by ₹0.02 crore from Q2 FY26, while the net loss narrowed by ₹0.04 crore. The filing does not state a reason for the change in depreciation or the movements in operating costs.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0.11 | 0.28 | −0.17 | −60.7% |
| Employee cost | 0.78 | 0.89 | −0.11 | −12.4% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0.41 | 0.12 | +0.29 | +241.7% |
| Total expenses | 1.38 | 1.53 | −0.15 | −9.8% |
| Other income | 0 | 0 | 0 | |
| Tax | 0.12 | 0.12 | 0 | +0.0% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, Integrated Thermoplastics reported standalone revenue of ₹0.35 crore, down 81.0% from ₹1.84 crore in H1 FY26. Total income was ₹0.36 crore, down 80.5% from ₹1.85 crore. The company reported a loss before tax of ₹1.85 crore, compared with ₹2.66 crore in H1 FY26, and a net loss of ₹1.95 crore compared with ₹2.78 crore.
H1 FY27 EPS was -3.10, compared with -4.42 in H1 FY26. The loss before tax narrowed by ₹0.81 crore and the net loss narrowed by ₹0.83 crore. The filing does not explain the reasons for the year-on-year changes.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 0.35 | 1.84 | −81.0% |
| Profit before tax | −1.85 | −2.66 | |
| Net profit | −1.95 | −2.78 | |
| EPS (₹) | −3.10 | −4.42 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets stood at ₹5.06 crore, down from ₹5.56 crore at 31 March 2026. Total equity was negative ₹55.65 crore, compared with negative ₹53.71 crore at the earlier date. Borrowings were unchanged at ₹29.05 crore, while cash fell to ₹0.03 crore from ₹0.23 crore. Inventories were ₹0.15 crore and trade receivables were ₹0.43 crore, against ₹0.19 crore and ₹0.40 crore respectively at 31 March 2026.
H1 FY27 operating cash flow was negative ₹0.21 crore, compared with ₹0.65 crore in H1 FY26. Investing cash flow was ₹0.01 crore in both periods, while financing cash flow was negative ₹0.02 crore, compared with negative ₹0.67 crore. Capital expenditure was ₹0 crore in both half-years.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 5.06 | 5.56 |
| Total equity | −55.65 | −53.71 |
| Borrowings | 29.05 | 29.05 |
| Cash and equivalents | 0.03 | 0.23 |
| Inventories | 0.15 | 0.19 |
| Trade receivables | 0.43 | 0.40 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.21 | 0.65 |
| Cash from investing | 0.01 | 0.01 |
| Cash from financing | −0.02 | −0.67 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Integrated Thermoplastics done over the last 8 quarters?
Revenue over the reported quarters peaked at ₹2.17 crore in Q3 FY25 and bottomed at ₹0.15 crore in Q3 FY26. It later rose to ₹0.46 crore in Q4 FY26 before falling to ₹0.23 crore in Q1 FY27 and remaining at ₹0.23 crore in Q2 FY27.
Profit was highest at ₹8.81 crore in Q4 FY26 and lowest at -₹2.86 crore in Q3 FY25. The company reported a net loss of ₹1.26 crore in each of Q1 FY27 and Q2 FY27. The EBITDA margin bottomed at -630.7% in Q3 FY26 and improved to -326.3% in Q2 FY27 from -463.0% in Q1 FY27.
How did other Plastic Products - Industrial companies do?
Fifteen other Plastic Products - Industrial companies filed results for the quarter as of 4 November 2026. Their median revenue growth was 27.4%. Of the companies with comparable revenue growth, two grew slower than Integrated Thermoplastics and 13 grew faster than Integrated Thermoplastics.
Among 19 peers for which profit was compared, 10 reported higher profit. Integrated Thermoplastics’ revenue declined 36.1% from Q2 FY26, against the peer median revenue growth of 27.4%.
| Integrated Thermoplastics revenue growth (YoY) | −36.1% |
|---|---|
| Median of 15 other Plastic Products - Industrial companies | +27.4% |
| Companies with slower revenue growth than Integrated Thermoplastics | 2 of 15 |
| Companies with faster revenue growth than Integrated Thermoplastics | 13 of 15 |
| Companies whose net profit rose | 10 of 19 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Integrated Thermoplastics' revenue in Q2 FY27?
Revenue from operations was ₹0.23 crore, down 36.1% from ₹0.36 crore in Q2 FY26 (standalone).
Did Integrated Thermoplastics make a profit in Q2 FY27?
No. It reported a net loss of ₹1.26 crore, against a net loss of ₹1.30 crore in Q2 FY26.
What was Integrated Thermoplastics' EPS in Q2 FY27?
Basic loss per share was ₹2.01, against a loss of ₹2.06 in Q2 FY26.
When did Integrated Thermoplastics announce its Q2 FY27 results?
On 3 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Intimation For The Board Meeting For Consideration And Approval Of The Un-Audited Financial Results Of The Company For The Second Quarter And Half Year Period Ending 30Th, September, 2026 (BSE, 26 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting Held On 03.11.2026 Pursuant To Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 (BSE, 3 November 2026) · PDF
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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