Plastiblends India News

Plastiblends Q3 EBITDA Falls 14.9% to ₹97 Crores

Plastiblends India Q3 EBITDA declined to ₹97 crores from ₹114 crores YoY, with EBITDA margin compressing to 5.2% from 6.2% despite revenue growth to ₹185 crores.

Plastiblends India Reports 4% Revenue Growth to Rs 19,261 Lakhs in Q2, Net Profit Rises 17.87% Year-on-Year

Plastiblends India Limited announced its quarterly results for the quarter ended September 30, 2025. Revenue from operations increased 3.92% year-on-year to Rs 19,261 lakhs compared to Rs 18,535 lakhs in the same quarter last year. Net profit grew 17.87% to Rs 744 lakhs from Rs 631 lakhs year-on-year. However, on a sequential basis, revenue declined 3.52% from Rs 19,963 lakhs in Q1, and net profit dropped 16.67% from Rs 892 lakhs. EBITDA margin improved 77 basis points year-on-year to 7.46% from 6.69%. For the half-year period, revenue was Rs 39,224 lakhs compared to Rs 39,692 lakhs in the previous year, while net profit decreased to Rs 1,636 lakhs from Rs 1,716 lakhs. The company cited challenges including slowdown in packaging and consumer goods industries, inventory losses due to raw material price volatility, rising energy and wage costs, and competitive pricing pressures. Chairman S.N. Kabra expressed optimism about future growth opportunities and expects revenue growth to revive in the coming quarter.

Plastiblends India Director Shreevallabh Kabra Resigns Due to Advancing Age

Shri Shreevallabh Gopilal Kabra has resigned as a Non-Executive Non-Independent Director of Plastiblends India Limited, effective from the close of business hours on July 25, 2025. Kabra cited his advancing age and inability to devote required time as the reason for his resignation. In his resignation letter, he confirmed there are no other material reasons for stepping down beyond those stated. The company disclosed this information to stock exchanges BSE and NSE under regulatory requirements.

Plastiblends Reports Q1 Financial Results and Plans Capacity Expansion

Plastiblends has reported its Q1 financial results. The company's EBITDA decreased to 135 million rupees from 163 million rupees year-over-year, with EBITDA margin falling to 6.75% from 7.71%. Net profit declined to 89 million rupees from 108 million rupees, while revenue decreased to 1.99 billion rupees from 2.1 billion rupees compared to the same quarter last year. The company is considering increasing manufacturing capacity across different product lines. As of June 30, 2025, capital expenditure and construction work in progress totals 121 million rupees.