- Home
- Results news
- TPL Plastech
- Q2 FY27 results
TPL Plastech Q2 FY27 results: net profit up 22.3% to ₹8.38 crore, revenue up 39.9%
TPL Plastech Limited reported consolidated Q2 FY27 revenue of ₹149.50 crore, up 39.9% from Q2 FY26, while EBITDA rose 16.7% to ₹13.84 crore and net profit increased 22.3% to ₹8.38 crore. EBITDA margin declined 1.8 percentage points to 9.3%, even as revenue and profit increased from the previous quarter.
Key points
- Consolidated Q2 FY27 revenue was ₹149.50 crore, up ₹42.63 crore or 39.9% year on year.
- EBITDA was ₹13.84 crore, up ₹1.98 crore or 16.7%, while the margin fell 1.8 percentage points to 9.3%.
- Net profit was ₹8.38 crore, up ₹1.53 crore or 22.3%, and basic EPS rose to 1.07 from 0.88.
- Against Q1 FY27, revenue rose ₹25.12 crore or 20.2%, while net profit increased ₹1.86 crore or 28.5%.
- H1 FY27 revenue was ₹273.88 crore and net profit was ₹14.90 crore, with EPS of 1.91.
How did TPL Plastech perform in Q2 FY27?
TPL Plastech reported consolidated revenue of ₹149.50 crore in Q2 FY27, up ₹42.63 crore or 39.9% from ₹106.87 crore in Q2 FY26. EBITDA increased ₹1.98 crore or 16.7% to ₹13.84 crore, but the margin fell 1.8 percentage points to 9.3%. Net profit rose ₹1.53 crore or 22.3% to ₹8.38 crore, and basic EPS increased by ₹0.19 to 1.07.
Against Q1 FY27, consolidated revenue rose ₹25.12 crore or 20.2% to ₹149.50 crore. EBITDA increased ₹2.54 crore or 22.5% to ₹13.84 crore and the margin rose 0.2 percentage points to 9.3%. Profit before tax was ₹10.99 crore, up ₹2.46 crore or 28.8%, while net profit rose ₹1.86 crore or 28.5% to ₹8.38 crore; basic EPS was 1.07, up ₹0.23.
On a standalone basis, Q2 FY27 revenue was ₹148.52 crore and net profit was ₹8.49 crore, compared with ₹106.87 crore of revenue and ₹6.85 crore of net profit in the year-ago quarter.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 149.50 | 124.38 | 106.87 | +39.9% | +20.2% |
| Other income | 0.02 | 0.02 | 0.02 | +0.0% | +0.0% |
| Total expenses | 138.53 | 115.87 | 97.73 | +41.7% | +19.6% |
| EBITDA | 13.84 | 11.30 | 11.86 | +16.7% | +22.5% |
| EBITDA margin | 9.3% | 9.1% | 11.1% | −1.8 pp | +0.2 pp |
| Profit before tax | 10.99 | 8.53 | 9.15 | +20.1% | +28.8% |
| Tax | 2.61 | 2.01 | 2.30 | +13.5% | +29.9% |
| Net profit | 8.38 | 6.52 | 6.85 | +22.3% | +28.5% |
| EPS (₹) | 1.07 | 0.84 | 0.88 | +21.6% | +27.4% |
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 TPL Plastech's costs and profit?
Total expenses were ₹138.53 crore in Q2 FY27, up ₹40.80 crore or 41.7% from ₹97.73 crore in Q2 FY26. Cost of materials increased ₹42.88 crore or 49.7% to ₹129.14 crore, employee cost rose ₹0.76 crore or 28.1% to ₹3.46 crore, depreciation increased ₹0.19 crore or 13.3% to ₹1.62 crore, and other expenses rose ₹2.29 crore or 35.6% to ₹8.73 crore. Finance costs declined ₹0.05 crore or 3.8% to ₹1.26 crore.
Other income was unchanged at ₹0.02 crore, and there was no exceptional item in either Q2 FY27 or Q2 FY26. Profit before tax increased ₹1.84 crore or 20.1% to ₹10.99 crore. Tax expense rose ₹0.31 crore or 13.5% to ₹2.61 crore, resulting in a net profit of ₹8.38 crore, up ₹1.53 crore or 22.3%.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 129.14 | 86.26 | +42.88 | +49.7% |
| Employee cost | 3.46 | 2.70 | +0.76 | +28.1% |
| Finance costs | 1.26 | 1.31 | −0.05 | −3.8% |
| Depreciation | 1.62 | 1.43 | +0.19 | +13.3% |
| Other expenses | 8.73 | 6.44 | +2.29 | +35.6% |
| Total expenses | 138.53 | 97.73 | +40.80 | +41.7% |
| Other income | 0.02 | 0.02 | 0 | +0.0% |
| Tax | 2.61 | 2.30 | +0.31 | +13.5% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, consolidated revenue was ₹273.88 crore, up ₹76.62 crore or 38.8% from ₹197.26 crore in H1 FY26. Total income rose 38.8% to ₹273.92 crore, while profit before tax increased ₹3.05 crore or 18.5% to ₹19.52 crore.
H1 FY27 net profit was ₹14.90 crore, up ₹2.58 crore or 20.9% from ₹12.32 crore, and basic EPS increased ₹0.33 or 20.9% to 1.91 from 1.58.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 273.88 | 197.26 | +38.8% |
| Profit before tax | 19.52 | 16.47 | +18.5% |
| Net profit | 14.90 | 12.32 | +20.9% |
| EPS (₹) | 1.91 | 1.58 | +20.9% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, consolidated total assets were ₹300.96 crore, compared with ₹256.02 crore at 31 March 2026. Total equity rose to ₹173.66 crore from ₹168.90 crore, while borrowings increased to ₹30.05 crore from ₹17.63 crore. Cash was ₹0.20 crore, compared with ₹0.11 crore at the previous balance sheet date.
Inventories increased to ₹82.40 crore from ₹68.27 crore at 31 March 2026. Trade receivables rose to ₹65.88 crore from ₹62.60 crore, and trade payables increased to ₹72.72 crore from ₹52.48 crore. H1 FY27 operating cash flow was ₹20.68 crore, compared with ₹42.08 crore in H1 FY26.
Investing cash flow was negative ₹19.89 crore in H1 FY27, compared with negative ₹7.83 crore a year earlier, while capital expenditure was ₹19.89 crore against ₹7.05 crore. Financing cash flow was negative ₹0.69 crore in H1 FY27, compared with negative ₹34.26 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 300.96 | 256.02 |
| Total equity | 173.66 | 168.90 |
| Borrowings | 30.05 | 17.63 |
| Cash and equivalents | 0.20 | 0.11 |
| Inventories | 82.40 | 68.27 |
| Trade receivables | 65.88 | 62.60 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 20.68 | 42.08 |
| Cash from investing | −19.89 | −7.83 |
| Cash from financing | −0.69 | −34.26 |
| Capital expenditure | 19.89 | 7.05 |
Source: Company's results filing (XBRL).
How has TPL Plastech done over the last 8 quarters?
Revenue rose in each of the last seven quarters on a year-on-year basis. Across the available period, revenue bottomed at ₹90.40 crore in Q1 FY26 and peaked at ₹149.50 crore in Q2 FY27, indicating continued sequential growth from ₹124.38 crore in the previous quarter.
Net profit bottomed at ₹5.47 crore in Q1 FY26 and reached its latest quarterly high of ₹8.38 crore in Q2 FY27, after ₹6.52 crore in Q1 FY27. EBITDA margin bottomed at 9.1% in Q1 FY26 and edged up to 9.3% in Q2 FY27, remaining below the 11.1% recorded in Q2 FY26.
What else did the company announce?
On 4 November 2026, the board approved the unaudited consolidated and standalone results for the quarter and half year ended 30 September 2026, along with the limited review report dated 4 November 2026. The same filing did not announce a dividend or fund raise.
The company said Jayesh Ashar would resign as chief executive officer with effect from the close of business on 30 November 2026, citing personal reasons arising from family commitments. Mangesh Sarfare was appointed chief executive officer and key managerial personnel for two years from 1 December 2026, while ceasing as non-executive director on 4 November 2026. The board also reconstituted the Audit, Nomination and Remuneration, Stakeholders Relationship and Corporate Social Responsibility committees.
How did other Packaging companies do?
A total of 29 Packaging companies had filed for the quarter as of 5 November 2026, compared with TPL Plastech's 39.9% revenue growth. The median revenue growth among the peers was 19.1%. Of the other companies, 22 grew more slowly than TPL Plastech and 7 grew faster.
Profit increased for 16 of the 29 peers whose results were compared, while TPL Plastech's Q2 FY27 net profit rose 22.3% to ₹8.38 crore on a consolidated basis.
| TPL Plastech revenue growth (YoY) | +39.9% |
|---|---|
| Median of 29 other Packaging companies | +19.1% |
| Companies with slower revenue growth than TPL Plastech | 22 of 29 |
| Companies with faster revenue growth than TPL Plastech | 7 of 29 |
| Companies whose net profit rose | 16 of 29 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was TPL Plastech's revenue in Q2 FY27?
Revenue from operations was ₹149.50 crore, up 39.9% from ₹106.87 crore in Q2 FY26 (consolidated).
Did TPL Plastech make a profit in Q2 FY27?
Yes. Net profit was ₹8.38 crore, against a net profit of ₹6.85 crore in Q2 FY26.
What was TPL Plastech's EPS in Q2 FY27?
Basic earnings per share were ₹1.07, against ₹0.88 in Q2 FY26.
When did TPL Plastech announce its Q2 FY27 results?
On 4 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Consideration And Approval Of Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended September 30, 2026. (BSE, 28 October 2026) · PDF
- Unaudited Financial Results For The Quarter And Half Year Ended 30Th September, 2026. (BSE, 4 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.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.