Premier Polyfilm FY26 Results: Profit Rises to ₹31.88 Cr Amidst GST Dispute

Premier Polyfilm Limited has announced its financial results for the fiscal year ending March 31, 2026. The company reported standalone revenue of ₹338.90 crore, with a net profit of ₹31.88 crore.

The Board of Directors has recommended a dividend of ₹0.15 per equity share, subject to shareholder approval.

Additionally, M/s Cheena & Associates have been appointed as the Cost Auditor and M/s D D Bansal Associates as the Internal Auditor for FY 2026-2027. The company also confirmed the re-appointment of its statutory auditors for the upcoming fiscal year.

Company Operations and Context

Premier Polyfilm operates in the competitive flexible packaging film sector, specializing in BOPP and PET films. The company has been focused on expanding its production capabilities through capital expenditure.

Key Risks: GST Dispute

However, the company faces a significant risk from an ongoing dispute with GST authorities. A revised demand totaling ₹98.58 lakh, plus applicable interest and penalties, has been issued. Premier Polyfilm plans to appeal this demand at the Goods and Services Tax Appellate Tribunal (GSTAT). The company notes that this demand has not yet finalized, but an unfavorable outcome could impact its financial performance and liquidity.

Competitive Landscape

In the flexible packaging film market, Premier Polyfilm competes with larger players such as Uflex Ltd and Cosmo First Ltd. For FY25, Uflex reported revenue of ₹3,500 crore and profit of ₹100 crore, while Cosmo First had revenue of ₹2,500 crore and profit of ₹150 crore. Premier Polyfilm's FY26 revenue stood at ₹338.9 crore and profit at ₹31.88 crore.

Looking Ahead

Investors will be monitoring the outcome of Premier Polyfilm's appeal against the GST demand at the GSTAT. Shareholder approval for the recommended ₹0.15 dividend payout will also be key. Furthermore, shareholders will vote on the re-appointment of Shri Ram Babu Verma as Executive Director.