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Tirth Plastic Q2 FY27 results: net profit up 23.5% to ₹0.21 crore, revenue ₹5.80 crore vs ₹1.09 crore
Tirth Plastic Limited reported standalone revenue of ₹5.80 crore in Q2 FY27, up from ₹1.09 crore a year earlier and ₹5.23 crore in Q1 FY27. Net profit was ₹0.21 crore, while EBITDA margin declined to 3.6% from 15.2% a year earlier.
Key points
- Q2 FY27 revenue was ₹5.80 crore, up 432.1% from ₹1.09 crore in Q2 FY26 and 10.9% from ₹5.23 crore in Q1 FY27.
- Q2 FY27 EBITDA was ₹0.21 crore, up 23.5% from ₹0.17 crore a year earlier but down 16.0% from ₹0.25 crore in the previous quarter.
- The EBITDA margin was 3.6% in Q2 FY27, lower than 15.2% in Q2 FY26 and 4.8% in Q1 FY27.
- Net profit was ₹0.21 crore and basic EPS was ₹0.47 for Q2 FY27; net profit was ₹0.17 crore and basic EPS was ₹3.72 in Q2 FY26.
- H1 FY27 revenue was ₹11.03 crore, while profit after tax was ₹0.41 crore and EPS was ₹0.92.
How did Tirth Plastic perform in Q2 FY27?
Tirth Plastic reported standalone revenue of ₹5.80 crore in Q2 FY27, up ₹4.71 crore or 432.1% from ₹1.09 crore in Q2 FY26. Revenue also rose ₹0.57 crore or 10.9% from ₹5.23 crore in Q1 FY27. EBITDA was ₹0.21 crore, up from ₹0.17 crore a year earlier but down from ₹0.25 crore in the previous quarter.
The EBITDA margin fell to 3.6% from 15.2% in Q2 FY26 and 4.8% in Q1 FY27. Profit before tax was ₹0.21 crore and net profit was ₹0.21 crore, compared with ₹0.17 crore each in Q2 FY26. Basic EPS was ₹0.47, against ₹3.72 in Q2 FY26 and ₹0.45 in Q1 FY27. The company has one reportable segment, Trading, and the results are standalone.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 5.80 | 5.23 | 1.09 | +432.1% | +10.9% |
| Other income | 0 | 0 | 0 | ||
| Total expenses | 5.59 | 4.98 | 0.92 | +507.6% | +12.2% |
| EBITDA | 0.21 | 0.25 | 0.17 | +23.5% | −16.0% |
| EBITDA margin | 3.6% | 4.8% | 15.2% | −11.6 pp | −1.2 pp |
| Profit before tax | 0.21 | 0.25 | 0.17 | +23.5% | −16.0% |
| Tax | 0 | 0.05 | 0 | ||
| Net profit | 0.21 | 0.20 | 0.17 | +23.5% | +5.0% |
| EPS (₹) | 0.47 | 0.45 | 3.72 | −87.4% | +4.4% |
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 Tirth Plastic's costs and profit?
Total expenses rose to ₹5.59 crore from ₹0.92 crore in Q2 FY26, an increase of ₹4.67 crore or 507.6%. Other expenses increased by ₹0.05 crore or 250.0%, to ₹0.07 crore from ₹0.02 crore, while employee cost remained ₹0.01 crore. Cost of materials, finance costs and depreciation remained unchanged at ₹0 crore, and other income remained ₹0 crore.
There was no exceptional item in either Q2 FY27 or Q2 FY26. Tax expense remained ₹0 crore, compared with ₹0.05 crore in Q1 FY27. The filings do not state why the year-on-year increase in expenses occurred. Against the previous quarter, total expenses were higher by ₹0.61 crore or 12.2%, while other expenses were higher by ₹0.01 crore or 16.7%.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 0.01 | 0.01 | 0 | +0.0% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other expenses | 0.07 | 0.02 | +0.05 | +250.0% |
| Total expenses | 5.59 | 0.92 | +4.67 | +507.6% |
| Other income | 0 | 0 | 0 | |
| Tax | 0 | 0 | 0 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, standalone revenue was ₹11.03 crore, up ₹9.94 crore or 911.9% from ₹1.09 crore in H1 FY26. Profit before tax was ₹0.46 crore, up ₹0.32 crore or 228.6% from ₹0.14 crore, while profit after tax was ₹0.41 crore, up ₹0.27 crore or 192.9% from ₹0.14 crore.
H1 FY27 EPS was ₹0.92, compared with ₹3.19 in H1 FY26. The audited results for the year ended 31 March 2026 showed revenue of ₹957.85 lakh and profit after tax of ₹37.97 lakh. The Board did not recommend a dividend for FY26, according to the filing.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 11.03 | 1.09 | +911.9% |
| Profit before tax | 0.46 | 0.14 | +228.6% |
| Net profit | 0.41 | 0.14 | +192.9% |
| EPS (₹) | 0.92 | 3.19 | −71.2% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹14.39 crore, up from ₹9.00 crore at 31 March 2026. Total equity was ₹3.20 crore against ₹2.79 crore, while borrowings were ₹0.21 crore against ₹0 crore. Cash and cash equivalents fell to ₹0.01 crore from ₹0.07 crore.
Trade receivables increased to ₹11.06 crore from ₹6.03 crore and trade payables rose to ₹8.49 crore from ₹4.46 crore. Inventories remained ₹1.07 crore. H1 FY27 operating cash flow was negative ₹0.05 crore, compared with negative ₹0.00 crore in H1 FY26; financing cash flow was negative ₹0.00 crore against ₹0.17 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 14.39 | 9 |
| Total equity | 3.20 | 2.79 |
| Borrowings | 0.21 | 0 |
| Cash and equivalents | 0.01 | 0.07 |
| Inventories | 1.07 | 1.07 |
| Trade receivables | 11.06 | 6.03 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.05 | 0 |
| Cash from investing | 0 | 0 |
| Cash from financing | 0 | 0.17 |
| Capital expenditure | 0 | 0 |
Source: Company's results filing (XBRL).
How has Tirth Plastic done over the last 8 quarters?
Revenue reached its highest level in the reported series in Q2 FY27 at ₹5.80 crore, after ₹5.23 crore in Q1 FY27 and ₹5.08 crore in Q4 FY26. It was lowest in the earlier quarters, when the recorded figure was ₹0 crore in Q3 FY25, Q4 FY25 and Q1 FY26.
Profit after tax was ₹0.21 crore in Q2 FY27, above ₹0.20 crore in Q1 FY27 and ₹0.16 crore in Q4 FY26, while the lowest recorded result was a net loss of ₹0.02 crore in Q1 FY26. The EBITDA margin was 3.6% in Q2 FY27, down from 4.8% in Q1 FY27 and well below 15.2% in Q2 FY26.
How did Tirth Plastic shares react?
The filing was released after market hours. The stock was unchanged after 5 minutes and 15 minutes, then fell 1.1% after 30 minutes. On the reaction day, it rose 0.6% from the pre-results close of ₹31.30, against a 0.0% median move for other Trading & Distributors stocks.
By the next day’s close, the stock was up 7.1% from its pre-results close. The industry median was down 0.2% over the same close-to-close period, giving Tirth Plastic an excess move of 7.2 percentage points. Earlier reaction-day moves were 5.0% on 12 August 2026, 5.0% on 25 May 2026, 5.0% on 5 February 2026, negative 2.0% on 12 August 2024 and 5.0% on 8 May 2024.
| After the filing | Stock | Trading & Distributors median |
|---|---|---|
| 5 minutes | +0.0% | |
| 15 minutes | +0.0% | |
| 30 minutes | −1.1% | |
| Reaction day | +0.6% | +0.0% |
| Next day | +7.1% | −0.2% |
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 |
|---|---|
| 12 August 2026 | +5.0% |
| 25 May 2026 | +5.0% |
| 5 February 2026 | +5.0% |
| 12 August 2024 | −2.0% |
| 8 May 2024 | +5.0% |
Source: MarketPing price-reaction measurement.
How did other Trading & Distributors companies do?
Twenty-four other Trading & Distributors companies had filed for the quarter by 4 November 2026, and their median revenue growth was 31.0%. Of the companies with comparable revenue data, 21 grew more slowly than Tirth Plastic and 3 grew faster than Tirth Plastic. Tirth Plastic’s revenue growth was 432.1% compared with Q2 FY26.
Among the 36 peers with comparable profit data, 20 reported higher profit. Tirth Plastic’s own profit after tax was ₹0.21 crore in Q2 FY27, compared with ₹0.17 crore in Q2 FY26.
| Tirth Plastic revenue growth (YoY) | +432.1% |
|---|---|
| Median of 24 other Trading & Distributors companies | +31.0% |
| Companies with slower revenue growth than Tirth Plastic | 21 of 24 |
| Companies with faster revenue growth than Tirth Plastic | 3 of 24 |
| Companies whose net profit rose | 20 of 36 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Tirth Plastic's revenue in Q2 FY27?
Revenue from operations was ₹5.80 crore, up 432.1% from ₹1.09 crore in Q2 FY26 (standalone).
Did Tirth Plastic make a profit in Q2 FY27?
Yes. Net profit was ₹0.21 crore, against a net profit of ₹0.17 crore in Q2 FY26.
What was Tirth Plastic's EPS in Q2 FY27?
Basic earnings per share were ₹0.47, against ₹3.72 in Q2 FY26.
How did Tirth Plastic shares react to the Q2 FY27 results?
On the reaction day the stock moved +0.6% from the previous close; the median Trading & Distributors stock moved +0.0%.
When did Tirth Plastic announce its Q2 FY27 results?
On 31 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results Of The Company For The Quarter Ended September 30, 2026 (BSE, 19 October 2026) · PDF
- Board Meeting Outcome for Consideration And Approval Of Unaudited Financial Results Of The Company For The Quarter Ended September, 30, 2026 (BSE, 31 October 2026) · PDF
- Unaudited Financial Results Of The Company For The Quarter Ended June 30, 2026. (BSE, 31 October 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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