National Plastic Industries Reports FY26 Results

National Plastic Industries announced its audited financial results for the fourth quarter and full year ended March 31, 2026. The company reported a net profit of ₹3.48 crore for the full year, with revenue from operations at ₹103.03 crore. However, the fourth quarter ended March 31, 2026, resulted in a net loss of ₹1.05 crore.

Reader Takeaway: Annual revenue growth offset by a quarterly loss and lower annual profit. No dividend declared.

What just happened

National Plastic Industries reported its audited financial results for the fiscal year ending March 31, 2026. Full-year revenue stood at ₹103.03 crore, an increase from ₹96.95 crore in the previous year. The company achieved a net profit of ₹3.48 crore for the full year. However, the fourth quarter of FY26 saw a net loss of ₹1.05 crore, compared to a profit of ₹1.02 crore in the same quarter last year. The Board of Directors has not recommended any dividend for FY26.

Why this matters

While the company shows year-on-year revenue growth, the swing to a net loss in the final quarter and a slight decrease in full-year profit are key points for investors. The absence of a dividend suggests a focus on capital preservation. The company has reappointed M/s. Parekh Sharma & Associates as internal auditors and scheduled its Annual General Meeting for September 23, 2026.

The backstory

For the financial year ended March 31, 2025, National Plastic Industries had reported a net profit of ₹3.75 crore on revenues of ₹96.95 crore. The total assets as of March 31, 2026, were reported at ₹81.95 crore.

What changes now

Investors will be looking for management's commentary on the quarterly loss and margin pressures. The unmodified opinion from the statutory auditors provides some assurance on the financial reporting. The company's operational performance in the upcoming quarters will be crucial.

Risks to watch

The primary concern is the net loss incurred in Q4 FY26, which contrasts with the profit in the previous year's quarter. Additionally, the decrease in full-year net profit despite increased revenue suggests potential margin compression or rising operational costs that need to be managed.

Peer comparison

(No peer comparison data available in the filing)

Context metrics (time-bound)

• Revenue: FY26: ₹103.03 crore vs. FY25: ₹96.95 crore.
• Net Profit: FY26: ₹3.48 crore vs. FY25: ₹3.75 crore.
• Q4 Revenue: Q4 FY26: ₹27.18 crore vs. Q4 FY25: ₹24.15 crore.
• Q4 Net Profit/(Loss): Q4 FY26: ₹-1.05 crore vs. Q4 FY25: ₹1.02 crore.

What to track next

Investors should monitor the company's performance in the first quarter of FY27 and look for insights into margin management and revenue drivers during the AGM.