All Time Plastics Reports FY26 Results

Revenue for FY26 reached ₹610.4 crore, a 9.4% increase from ₹558.2 crore in FY25. However, Profit After Tax (PAT) for FY26 declined to ₹35.6 crore from ₹47.3 crore in FY25.

Reader Takeaway: Revenue growth solid, but transition costs and supply chain issues pressure near-term profits.

What just happened

All Time Plastics Ltd announced its financial results for the fourth quarter and full year ending March 31, 2026 (FY26). The company's revenue for FY26 grew by 9.4% year-on-year to ₹610.4 crore. However, PAT saw a decline, closing at ₹35.6 crore for FY26 compared to ₹47.3 crore in FY25. The company reported improved operating cash flow of ₹86.3 crore for FY26.

Why this matters

Investors will watch how the company navigates margin compression due to supply chain disruptions and pricing pass-through delays, especially with its largest customer. The increase in fixed costs from new capacity also needs to be absorbed. The improved operating cash flow and resilience in gross margins offer some comfort.

The backstory

FY26 was a year of investment for All Time Plastics, with new capacity commissioned at the Khatalwada facility. The company has been focusing on expanding its bamboo business and increasing its share in the domestic market to balance its export-heavy business.

What changes now

The company faces short-term margin pressure due to an 8-week pricing pass-through delay with its largest customer and ongoing geopolitical issues in West Asia affecting shipments. Management expects margin recovery and fixed cost absorption in the second half of FY27 as utilization improves.

Risks to watch

Key concerns include prolonged supply chain disruptions impacting volumes and the ability to pass on price hikes. The increased fixed costs from new capacity require higher sales to achieve profitability.

Peer comparison

While specific peer financial data for the same period is not provided in the filing, All Time Plastics' revenue growth and profitability challenges are common themes for companies operating in export-oriented manufacturing sectors facing global supply chain volatility.

Context metrics (time-bound)

• FY26 Revenue: ₹610.4 crore (up 9.4% YoY)
• FY26 PAT: ₹35.6 crore (down from ₹47.3 crore in FY25)
• FY26 Operating Cash Flow: ₹86.3 crore (up from ₹39.4 crore in FY25)
• Q4 FY26 Revenue: ₹145.8 crore (vs ₹148.2 crore in Q4 FY25)
• Q4 FY26 Gross Margin: 41.9%

What to track next

Investors should monitor the normalization of supply chains, the absorption of new capacity fixed costs, and the ramp-up of domestic sales and the bamboo business segment in FY27. The company's ability to improve its PAT in the upcoming fiscal year will be crucial.