Plastiblends India LimitedQ2 FY27 Results & Financial Update
Plastiblends India Limited: Q2 FY27 standalone results and company financials – revenue ₹228.84 Cr, PAT ₹10.65 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Plastiblends India Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Plastiblends India Limited recorded standalone revenue from operations of INR 228.84 crore for the quarter ended September 30, 2026, marking a 3.26 percent sequential increase compared to INR 221.61 crore reported in Q1 FY27.
Total income for Q2 FY27 stood at INR 231.42 crore, bolstered by other income of INR 2.58 crore, reflecting an upward movement from the previous quarter's total income of INR 233.98 crore [sic - previous total income was 223.98 crore].
Profit before tax (PBT) for the quarter contracted sequentially to INR 14.53 crore from INR 20.23 crore in the preceding period, representing a decline of 28.17 percent.
Profit after tax (PAT) followed a similar downward trajectory, settling at INR 10.65 crore compared to INR 14.95 crore in Q1 FY27, which translates to a sequential decrease of 28.74 percent.
Basic and diluted earnings per share (EPS) for Q2 FY27 stood at INR 4.10, down from INR 5.75 recorded in the June 2026 quarter.
The PAT margin compressed by approximately 209 basis points sequentially, moving from 6.75 percent in Q1 FY27 to 4.66 percent in the current quarter, driven by higher provisions and operational cost pressures.
Finance costs remained modest at INR 0.39 crore, while depreciation and amortization expenses stood stable at INR 3.80 crore for the quarter.
01 · Business model
What does Plastiblends India do?
Plastiblends India Limited operates in the specialty chemicals sector, manufacturing masterbatches, color concentrates, and compounds used extensively in the plastic processing and packaging industries.
The company's primary revenue engine is derived from supplying functional and additive masterbatches that impart specific properties—such as color, UV stabilization, anti-static characteristics, and flame retardancy—to base polymers.
Operating on a standalone basis, Plastiblends serves polymer converters, blow molders, extruders, and film manufacturers across diverse end-use verticals including packaging, agriculture, automotive, and consumer goods.
The economic model relies on efficient chemical compounding, rigorous quality matching, raw material procurement economies for polymers and pigments, and wide distribution networks servicing domestic and international markets.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹228.84 Cr | ₹221.61 Cr |
| Total income | ₹231.42 Cr | ₹223.98 Cr |
| Profit before tax | ₹14.53 Cr | ₹20.23 Cr |
| Profit after tax | ₹10.65 Cr | ₹14.95 Cr |
| EPS | ₹4.10 | ₹5.75 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 4.7% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 6.3% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹2.58 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations improved to INR 228.84 crore in Q2 FY27 from INR 221.61 crore in Q1 FY27, reflecting a top-line growth of 3.26 percent.
Other income contributed INR 2.58 crore to the total income of INR 231.42 crore, exhibiting an 8.91 percent growth over the previous quarter's other income of INR 2.37 crore.
What drove margins
The company incurred tax expenses of INR 3.87 crore along with provisions worth INR 1.67 crore during the quarter, putting downward pressure on net profitability despite higher operating revenues.
04 · Reported developments
What changed operationally
Operating revenue grew by 3.26 percent sequentially from INR 221.61 crore in Q1 FY27 to INR 228.84 crore in Q2 FY27.
05 · Pressure points & risks
What is not going smoothly
Profit after tax decreased by 28.74 percent sequentially to INR 10.65 crore, accompanied by a 28.17 percent decline in profit before tax.
06 · Items worth noticing
The line items that can distort a quick read
The company reported provisions of INR 1.67 crore during the current quarter.
07 · Beyond the numbers
What changed beyond the numbers
Reported update
Standalone Financial Reporting
The financial results for Q2 FY27 were submitted through official exchange XML filings on a standalone basis, complying with Indian Accounting Standards (Ind AS).
08 · Previous-quarter changes
What changed since the previous quarter
Revenue increased from INR 221.61 crore in Q1 FY27 to INR 228.84 crore in Q2 FY27.
PAT decreased from INR 14.95 crore in Q1 FY27 to INR 10.65 crore in Q2 FY27.
09 · Key Q&A
The quarter, answered directly
What does Plastiblends India do?
Plastiblends India Limited operates in the specialty chemicals sector, manufacturing masterbatches, color concentrates, and compounds used extensively in the plastic processing and packaging industries.
What is the clearest takeaway from Q2 FY27?
Plastiblends India Limited recorded standalone revenue from operations of INR 228.84 crore for the quarter ended September 30, 2026, marking a 3.26 percent sequential increase compared to INR 221.61 crore reported in Q1 FY27.
What drove revenue or demand?
Revenue from operations improved to INR 228.84 crore in Q2 FY27 from INR 221.61 crore in Q1 FY27, reflecting a top-line growth of 3.26 percent.
What mattered most for margins or profitability?
The company incurred tax expenses of INR 3.87 crore along with provisions worth INR 1.67 crore during the quarter, putting downward pressure on net profitability despite higher operating revenues.
What changed operationally beyond the headline numbers?
The financial results for Q2 FY27 were submitted through official exchange XML filings on a standalone basis, complying with Indian Accounting Standards (Ind AS).
What are the main pressure points disclosed for the quarter?
Profit after tax decreased by 28.74 percent sequentially to INR 10.65 crore, accompanied by a 28.17 percent decline in profit before tax.
10 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
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Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
11 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Subsequent Quarter Performance: Monitor the upcoming quarterly financial disclosures for margin stabilization and the trajectory of provisions and tax outlays.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.