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- Q4 FY26 results
Kshitij Polyline Q4 FY26 results: net profit ₹2.14 crore vs ₹3.81 crore loss, revenue up 97.3%
Kshitij Polyline Limited reported Q4 FY26 consolidated revenue of ₹13.14 crore and a net profit of ₹2.14 crore, against a net loss of ₹3.81 crore in Q4 FY25. EBITDA was ₹3.70 crore at a margin of 28.1%, and the board approved the audited standalone and consolidated results for the quarter and year ended 31 March 2026 on 24 April 2026.
Key points
- Q4 FY26 revenue rose 97.3% year on year to ₹13.14 crore and was up 24.7% from ₹10.54 crore in Q3 FY26.
- EBITDA was ₹3.70 crore at a margin of 28.1%, against a negative ₹4.33 crore and a margin of -65.0% in Q4 FY25.
- Net profit was ₹2.14 crore, against a net loss of ₹3.81 crore a year earlier, and basic EPS was ₹0.14.
- For FY26, revenue rose 6.8% to ₹44.75 crore and the company reported a net profit of ₹3.87 crore, against a net loss of ₹6.84 crore in FY25.
How did Kshitij Polyline perform in Q4 FY26?
Kshitij Polyline reported consolidated revenue of ₹13.14 crore in Q4 FY26, up 97.3% from ₹6.66 crore in Q4 FY25 and up 24.7% from ₹10.54 crore in Q3 FY26. EBITDA for the quarter was ₹3.70 crore at a margin of 28.1%, against a negative ₹4.33 crore and a margin of -65.0% a year earlier, and higher than ₹0.72 crore and a 6.8% margin in the previous quarter.
| ₹ crore | Q4 FY26 | Q3 FY26 | Q4 FY25 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 13.14 | 10.54 | 6.66 | +97.3% | +24.7% |
| Other income | 0.35 | 0.62 | 0.62 | −43.5% | −43.5% |
| Total expenses | 10.87 | 10.66 | 12.87 | −15.5% | +2.0% |
| EBITDA | 3.70 | 0.72 | −4.33 | turned to profit | +413.9% |
| EBITDA margin | 28.1% | 6.8% | -65.0% | +93.1 pp | +21.3 pp |
| Profit before tax | 2.63 | 0.50 | −5.59 | turned to profit | +426.0% |
| Tax | 0.42 | 0 | −0.17 | ||
| Net profit | 2.14 | 0.61 | −3.81 | turned to profit | +250.8% |
| EPS (₹) | 0.14 | 0.04 | −0.43 | turned to profit | +250.0% |
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 Kshitij Polyline's costs and profit?
Total expenses fell 15.5% year on year to ₹10.87 crore in Q4 FY26, against ₹12.87 crore in Q4 FY25, even as cost of materials rose ₹1.71 crore, or 17.4%, to ₹11.56 crore. Employee cost was lower by ₹0.08 crore at ₹1.60 crore, finance costs fell ₹0.73 crore, or 76.8%, to ₹0.22 crore, and other expenses were ₹0.22 crore against negative ₹0.54 crore. Depreciation rose ₹0.27 crore to ₹1.20 crore. There was no exceptional item in either quarter.
Other income was ₹0.35 crore, down ₹0.27 crore, or 43.5%, from ₹0.62 crore a year earlier and lower than ₹0.62 crore in Q3 FY26. Tax was ₹0.42 crore against a credit of ₹0.17 crore in Q4 FY25 and no exceptional item was reported. Against the previous quarter, total expenses rose ₹0.21 crore, or 2.0%, as cost of materials rose ₹2.79 crore and depreciation rose ₹0.63 crore, partly offset by lower employee cost, finance costs and other expenses. The filing did not state reasons for these movements.
| ₹ crore | Q4 FY26 | Q4 FY25 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 11.56 | 9.85 | +1.71 | +17.4% |
| Employee cost | 1.60 | 1.68 | −0.08 | −4.8% |
| Finance costs | 0.22 | 0.95 | −0.73 | −76.8% |
| Depreciation | 1.20 | 0.93 | +0.27 | +29.0% |
| Other expenses | 0.22 | −0.54 | +0.76 | |
| Total expenses | 10.87 | 12.87 | −2 | −15.5% |
| Other income | 0.35 | 0.62 | −0.27 | −43.5% |
| Tax | 0.42 | −0.17 | +0.59 |
Source: Company's results filing (XBRL).
How did Kshitij Polyline do in FY26 as a whole?
For the full year FY26, Kshitij Polyline reported revenue of ₹44.75 crore, up 6.8% from ₹41.91 crore in FY25, and total income of ₹46.94 crore against ₹43.82 crore. Profit before tax turned to ₹3.97 crore from a loss of ₹8.87 crore, and net profit was ₹3.87 crore against a net loss of ₹6.84 crore. Basic EPS was ₹0.25, against a loss of ₹0.77 in FY25.
| ₹ crore | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue from operations | 44.75 | 41.91 | +6.8% |
| Profit before tax | 3.97 | −8.87 | turned to profit |
| Net profit | 3.87 | −6.84 | turned to profit |
| EPS (₹) | 0.25 | −0.77 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 31 March 2026, total assets stood at ₹88.94 crore against ₹76.4 crore at 30 September 2025, and total equity was ₹63.05 crore against ₹59.86 crore. Borrowings were ₹17.53 crore, higher than ₹9.69 crore, while cash was ₹0.25 crore against ₹1.42 crore. Inventories rose to ₹15.47 crore from ₹9.93 crore, trade receivables were ₹6.2 crore against ₹6.79 crore, and trade payables were ₹4.6 crore against ₹3.37 crore.
For FY26, operating cash flow was negative ₹0.91 crore, compared with negative ₹8.63 crore in FY25. Investing cash flow was ₹31.25 crore against ₹15.57 crore, financing cash flow was ₹21.88 crore against negative ₹7.36 crore, and capital expenditure was negative ₹9.36 crore against ₹0.52 crore in FY25.
| ₹ crore | As of 31 March 2026 | As of 30 September 2025 |
|---|---|---|
| Total assets | 88.94 | 76.40 |
| Total equity | 63.05 | 59.86 |
| Borrowings | 17.53 | 9.69 |
| Cash and equivalents | 0.25 | 1.42 |
| Inventories | 15.47 | 9.93 |
| Trade receivables | 6.20 | 6.79 |
Source: Company's results filing (XBRL).
| ₹ crore | FY26 | FY25 |
|---|---|---|
| Cash from operations | −0.91 | −8.63 |
| Cash from investing | 31.25 | 15.57 |
| Cash from financing | 21.88 | −7.36 |
| Capital expenditure | −9.36 | 0.52 |
Source: Company's results filing (XBRL).
How has Kshitij Polyline done over the last 8 quarters?
Revenue in the last eight quarters ranged from ₹6.66 crore in Q4 FY25 to ₹13.14 crore in Q4 FY26, the highest of the period. The trend moved lower through FY25, with revenue at ₹10.61 crore in Q3 FY25, and then rose in each of the following quarters to ₹9.1 crore, ₹11.97 crore, ₹10.54 crore and ₹13.14 crore.
Profit after tax bottomed at a loss of ₹3.81 crore in Q4 FY25, when the EBITDA margin was -65.0%. The margin recovered to 8.6% in Q1 FY26 and stood at 28.1% in Q4 FY26, the highest in the series, while net profit reached ₹2.14 crore in the latest quarter against ₹0.61 crore in Q3 FY26.
How did Kshitij Polyline shares react?
The filing was released after market hours. From the price when the results appeared, the stock was unchanged after 5 minutes, down 0.7% after 15 minutes and down 1.3% after 30 minutes. On the reaction day it closed up 2.8% from the previous close of ₹2.85, against a median move of 1.5% for the industry’s other stocks.
By the next day's close the stock was up 5.6% from its pre-results close, and by the fifth session it was up 26.7%, against industry medians of 0.3% and 1.3%. Over one month, the gain was 58.6%. Earlier reaction-day moves were down 3.9% on 11 February 2026, up 0.7% on 14 November 2025, down 2.7% on 7 August 2025, up 2.1% on 31 May 2025 and down 7.2% on 14 February 2025.
| After the filing | Stock | Stationary median |
|---|---|---|
| 5 minutes | +0.0% | |
| 15 minutes | −0.7% | |
| 30 minutes | −1.3% | |
| Reaction day | +2.8% | +1.5% |
| Next day | +5.6% | +0.3% |
| 5 days | +26.7% | +1.3% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 11 February 2026 | −3.9% |
| 14 November 2025 | +0.7% |
| 7 August 2025 | −2.7% |
| 31 May 2025 | +2.1% |
| 14 February 2025 | −7.2% |
| 14 November 2024 | −5.0% |
| 13 August 2024 | −1.1% |
| 30 May 2024 | +3.5% |
Source: MarketPing price-reaction measurement.
How did other Stationary companies do?
Seven Stationary companies have filed for this quarter, and their median revenue growth was 8.4%. All seven peers grew revenue more slowly than Kshitij Polyline, and none grew faster. Of the seven peers for which profit was compared, four reported higher profit.
| Kshitij Polyline revenue growth (YoY) | +97.3% |
|---|---|
| Median of 7 other Stationary companies | +8.4% |
| Companies with slower revenue growth than Kshitij Polyline | 7 of 7 |
| Companies with faster revenue growth than Kshitij Polyline | 0 of 7 |
| Companies whose net profit rose | 4 of 7 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Kshitij Polyline's revenue in Q4 FY26?
Revenue from operations was ₹13.14 crore, up 97.3% from ₹6.66 crore in Q4 FY25 (consolidated).
Did Kshitij Polyline make a profit in Q4 FY26?
Yes. Net profit was ₹2.14 crore, against a net loss of ₹3.81 crore in Q4 FY25.
What was Kshitij Polyline's EPS in Q4 FY26?
Basic earnings per share were ₹0.14, against a loss of ₹0.43 in Q4 FY25.
How did Kshitij Polyline shares react to the Q4 FY26 results?
On the reaction day the stock moved +2.8% from the previous close; the median Stationary stock moved +1.5%.
When did Kshitij Polyline announce its Q4 FY26 results?
On 24 April 2026, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 24 April 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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