Limited has reported a sharp turnaround in quarterly profitability on Monday, with standalone net profit after tax rising 46 per cent year-on-year to ₹382 crore in Q4 FY26, compared to ₹262 crore in the same quarter last year.
Revenue for the quarter came in at ₹3,536 crore, up 16.3 per cent from ₹3,040 crore a year ago, driven by a 16 per cent jump in plastic goods volumes to 2.32 lakh metric tonnes. Operating profit surged nearly 50 per cent to ₹624 crore, with margins expanding significantly to 17.6 per cent from 13.7 per cent in Q4 FY25.
For the full financial year FY2025-26, standalone total income grew a more modest 7.2 per cent to ₹11,320 crore. Full-year PAT rose just 1.6 per cent to ₹911 crore, reflecting a difficult operating environment through most of the year marked by PVC resin price volatility, prolonged unseasonal rainfall, and weak infrastructure spending. Annual earnings per share stood at ₹71.74.
The board recommended a final dividend of ₹25 per share, taking total dividend for the year to ₹36 per share — up from ₹34 the previous year — implying a total payout of ₹457 crore.
Cash surplus on the balance sheet declined to ₹648 crore from ₹944 crore a year earlier. The company remains debt-free. Value-added product turnover grew 15 per cent to ₹4,677 crore.
Looking ahead, the company has committed capital expenditure exceeding ₹1,000 crore for FY2026-27, targeting greenfield plants in Bihar, Jammu & Kashmir, and Maharashtra, and expects to add 1.10 lakh MT of annual capacity. All capex will be funded through internal accruals.
Despite the strong quarterly numbers, the stock was largely unchanged on NSE at ₹3,668 — trading well below its 52-week high of ₹4,739 — reflecting a stretched valuation at a price-to-earnings multiple of 63.57.