Polycon International Ltd (531397)
Q2 FY27 results
Polycon International Ltd reported Q2 FY27 results on 14 Oct 2026: revenue ₹2.8 Cr (-28.2% year on year, -34.7% on the previous quarter), and net profit ₹-0.9 Cr (a smaller loss than a year earlier); the operating margin was -3.4%.
| Q2 FY27 (₹ Cr) | Value | YoY vs Q2 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹2.8 | -28.2% | -34.7% |
| Operating profit | ₹-0.1 | loss narrowed | to loss |
| Net profit | ₹-0.9 | loss narrowed | loss widened |
| EPS (₹) | -1.82 | loss narrowed | loss widened |
| Operating margin | -3.4% | — | — |
📢 Recent Corporate Announcements
Polycon International reported unaudited standalone revenue from operations of Rs 2.77 Cr (Rs 277.25 Lakhs) for Q2 FY27 (ended September 30, 2026), down 28.1% YoY from Rs 3.86 Cr in Q2 FY26 and down 34.7% QoQ from Rs 4.25 Cr. Net loss for the quarter came in at Rs 89.10 Lakhs, compared to a net loss of Rs 101.52 Lakhs in Q2 FY26 and Rs 47.07 Lakhs in Q1 FY27. For H1 FY27, revenue dropped to Rs 7.02 Cr from Rs 8.21 Cr in H1 FY26, with a total net loss of Rs 136.17 Lakhs. The company's net worth has turned negative, with total equity at -Rs 25.56 Lakhs against borrowings of over Rs 36 Cr.
- Revenue from operations fell 28.1% YoY to Rs 277.25 Lakhs in Q2 FY27 vs Rs 385.70 Lakhs in Q2 FY26
- Net loss widened QoQ to Rs 89.10 Lakhs from Rs 47.07 Lakhs in Q1 FY27
- H1 FY27 revenue declined to Rs 701.89 Lakhs with a net loss of Rs 136.17 Lakhs
- Total equity turned negative to -Rs 25.56 Lakhs as of Sep 30, 2026, vs Rs 110.51 Lakhs in March 2026
- Long-term borrowings rose to Rs 2,856.77 Lakhs alongside short-term borrowings of Rs 777.27 Lakhs
Polycon International reported standalone revenue from operations of Rs 277.25 lakhs (Rs 2.77 cr) for the quarter ended September 30, 2026, down 28.1% YoY from Rs 385.70 lakhs. The company posted a net loss of Rs 89.10 lakhs compared to a loss of Rs 101.52 lakhs in Q2 FY26 and a loss of Rs 47.07 lakhs in Q1 FY27. For H1 FY27, net loss widened to Rs 136.17 lakhs against Rs 127.04 lakhs in H1 FY26. Total equity turned negative to Rs -25.56 lakhs as of September 30, 2026, compared to Rs 110.51 lakhs as of March 31, 2026.
- Q2 revenue from operations declined 28.1% YoY to Rs 277.25 lakhs from Rs 385.70 lakhs
- Net loss for Q2 stood at Rs 89.10 lakhs (Q2 FY26 loss was Rs 101.52 lakhs; Q1 FY27 loss was Rs 47.07 lakhs)
- H1 FY27 revenue dropped 14.5% YoY to Rs 701.89 lakhs versus Rs 821.39 lakhs
- Total equity turned negative to Rs -25.56 lakhs from Rs 110.51 lakhs in March 2026
- Finance costs remained high at Rs 56.42 lakhs in Q2 compared to Rs 52.87 lakhs in Q2 FY26
Polycon International Ltd has announced the closure of its Register of Members and Share Transfer Books from September 24, 2026 to September 30, 2026 (both days inclusive). The closure is standard procedure for conducting the company's 35th Annual General Meeting (AGM), scheduled for September 30, 2026, in Jaipur. This is a routine administrative compliance filing under Regulation 42 of SEBI LODR Regulations, 2015.
- Book closure period set from September 24, 2026 to September 30, 2026 (both days inclusive)
- 35th Annual General Meeting to be held on Friday, September 30, 2026
- Notice issued under Regulation 42 of SEBI (LODR) Regulations 2015
- AGM venue: D-22, Parmanand Hall, Ashok Watika Samiti, Ashok Marg, C-Scheme, Jaipur-302001
Polycon International reported standalone revenue of ₹4.25 Cr for the quarter ended June 30, 2026, slightly lower than ₹4.36 Cr in Q1 FY26 and down from ₹4.57 Cr in Q4 FY26. Net loss stood at ₹0.47 Cr (EPS -₹0.96), narrowing sequentially from a loss of ₹0.92 Cr in the preceding quarter but wider than the ₹0.26 Cr loss in the year-ago period. The company turned around operating profit to ₹0.29 Cr from an operating loss of ₹0.36 Cr in Q4 FY26. The balance sheet remains heavily leveraged with total debt of ₹34 Cr against a net worth of ₹1 Cr.
- Q1 revenue reached ₹4.25 Cr, down from ₹4.36 Cr in Q1 FY26 and ₹4.57 Cr in Q4 FY26
- Net loss narrowed quarter-on-quarter to ₹0.47 Cr compared to a loss of ₹0.92 Cr in Q4 FY26
- Operating profit improved sequentially to ₹0.29 Cr from an operating loss of ₹0.36 Cr in Q4 FY26
- Debt-to-equity remains elevated at ~30.5x with debt at ₹34 Cr on a net worth base of ₹1 Cr
Polycon International Limited's Board of Directors met on August 14, 2026, and approved the standalone unaudited financial results for the quarter ended June 30, 2026. The statutory auditors SR Goyal & Co. issued an unmodified limited review report. Detailed numeric figures for revenue and profit in the filing extract were truncated, but the company continues to operate in a single packaging segment. Given its high debt of ₹34 crore against a net worth of ₹1 crore (TTM revenue ₹18 crore), balance sheet stress remains an overhang.
- Board approved unaudited standalone financial results for the quarter ended June 30, 2026
- Board meeting commenced at 3:30 PM and concluded at 5:25 PM on August 14, 2026
- Statutory auditor SR Goyal & Co. submitted an unmodified limited review report under Regulation 33
- Company operates within a single reporting segment under Ind AS 108
Polycon International has scheduled a board meeting for August 14, 2026, to consider and approve unaudited financial results for the quarter ended June 30, 2026. The company is currently under significant financial pressure, reporting a TTM net loss of Rs 3 Cr and a very high debt-to-equity ratio of 30.47. Revenue for FY26 stood at Rs 17.63 Cr, a decline from Rs 22.06 Cr in FY25. Investors should monitor these results for any signs of operational recovery or debt reduction.
- Board meeting scheduled for August 14, 2026, at 3:30 p.m. at the Registered Office.
- Meeting to approve Unaudited Financial Results for the quarter ended June 30, 2026.
- Trading window for designated persons remains closed until 48 hours after the results declaration.
- Company reported a net loss of Rs 0.92 Cr in the most recent quarter (March 2026).
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