All Time Plastics Q1 FY27 Earnings Call

Revenue Rs 161 crore; EBITDA Rs 23 crore.

Reader Takeaway: Revenue growth achieved amidst cost headwinds; margin recovery key for future performance.

What just happened

All Time Plastics Ltd. reported its Q1 FY27 earnings on August 6, 2026. The company posted a revenue of Rs 161 crore, a 2% increase year-on-year. However, EBITDA saw a significant drop of 20% to Rs 23 crore, leading to a compression in EBITDA margins to 14.3% from 18.2% in the same quarter last year.

Why this matters

The results highlight the company's struggle with rising raw material costs, exacerbated by West Asian geopolitical tensions since March 2026. These factors increased input costs by 40-50% and caused supply chain disruptions. While the company managed to grow revenue, its profitability was squeezed as it absorbed these costs while renegotiating prices with customers.

The backstory

All Time Plastics has been navigating a challenging external environment. The company's Q1 FY26 revenue was Rs 158 crore, with an EBITDA of Rs 29 crore and a margin of 18.2%. The current quarter's performance reflects the immediate impact of global supply chain issues on its operational efficiency and profitability.

What changes now

The company is focused on passing on increased raw material costs through price hikes. Domestic price adjustments have been implemented, and export price adjustments are expected to be fully reflected in Q2 FY27. Capacity utilization has improved to 64.9%, with a target of 75% for FY27. New capacity additions are planned for Q4 FY27.

Risks to watch

Geopolitical risks in West Asia remain a primary concern, impacting raw material availability and logistics. Port congestion and container shortages could continue to cause delays. Management indicated that sustainable EBITDA margins of 18-19% are contingent on achieving 80% capacity utilization.

Peer comparison

No peer comparison data was provided in the filing.

Context metrics (time-bound)

• Revenue: Rs 161 crore in Q1 FY27, up 2% YoY.
• EBITDA: Rs 23 crore in Q1 FY27, down 20% YoY.
• EBITDA Margin: 14.3% in Q1 FY27.
• Capacity Utilization: Improved to 64.9% in Q1 FY27.

What to track next

Investors will be watching for the full impact of price pass-throughs in Q2 FY27, the commissioning of new bamboo facilities and injection molding capacity in Q4 FY27, and the company's ability to achieve higher capacity utilization to improve margins.