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Plastiblends Q3 FY26 PAT Dips 3.7% YoY to ₹6.47 Cr; Revenue Stagnant at ₹185.8 Cr
Plastiblends India Limited reported a flat performance for Q3 FY26, with revenue from operations reaching ₹185.80 crore compared to ₹184.37 crore in the previous year. Net profit (PAT) declined by 3.7% YoY to ₹6.47 crore, down from ₹6.71 crore, while also showing a sequential decline from ₹7.44 crore in Q2. Profitability was impacted by a weaker Rupee raising input costs and geopolitical tensions affecting the export market. However, the company is nearing the completion of its engineering plastic division expansion, expected to be capitalized in Q4 FY26.
Key Highlights
Revenue from operations remained nearly flat at ₹185.80 crore vs ₹184.37 crore YoY.
Net Profit (PAT) decreased to ₹6.47 crore from ₹6.71 crore in Q3 FY25.
EBITDA margin compressed to 7.01% in Q3 FY26 from 7.28% in the same quarter last year.
Finance costs more than doubled to ₹65.97 lakhs from ₹29.45 lakhs YoY.
Engineering plastic division expansion and 5 MW solar capacity augmentation are progressing for Q4 completion.
💼 Action for Investors
Investors should adopt a cautious stance as margins remain under pressure from currency fluctuations and stagnant revenue. The key trigger to watch will be the successful capitalization and ramp-up of the engineering plastic division in the upcoming quarter.