National Plastic Industries saw its FY26 revenue grow 6.27% to ₹103.03 crore. However, net profit for the year fell 7.73% to ₹3.46 crore. The company also reported a net loss of ₹1.05 crore for the fourth quarter of FY26.
National Plastic Industries: FY26 Revenue Up, Annual Profit Down, Q4 Sees Loss
Revenue from operations for the year ended March 31, 2026: ₹103.03 crore Net Profit for the year ended March 31, 2026: ₹3.46 crore Reader Takeaway: Revenue growth for the year is positive, but a Q4 loss signals profitability concerns. ## What just happened National Plastic Industries Limited has reported its financial results for the quarter and year ended March 31, 2026. For the full fiscal year, revenue from operations grew by 6.27% to ₹103.03 crore, up from ₹96.95 crore in the previous fiscal year. However, the company's net profit for the year saw a decline of 7.73%, falling to ₹3.46 crore from ₹3.75 crore in FY25. A significant point is the net loss of ₹1.05 crore reported for the fourth quarter of FY26, a reversal from a net profit of ₹2.04 crore in the previous quarter (ended December 2025). ## Why this matters While top-line growth is a positive indicator, the decline in annual net profit and the reported quarterly loss are concerning for shareholders. Investors will be looking for the reasons behind the reduced profitability and the Q4 loss, which could impact future earnings. ## The backstory In the previous fiscal year (FY25), National Plastic Industries had reported a net profit of ₹3.75 crore on revenues of ₹96.95 crore. The company's auditors have issued an unmodified opinion on the financial statements for FY26, indicating that the accounts are presented fairly. ## What changes now Following the results, the Board of Directors has decided not to recommend any dividend for the financial year ended March 31, 2026. The company has also re-appointed M/s. Parekh Sharma & Associates as its internal auditor for FY 2026-2027. ## Risks to watch The primary risk to monitor is the sustained profitability, especially given the net loss in the latest reported quarter. Management's strategy to improve margins and address operational efficiencies will be crucial. ## Peer comparison As of the latest filings, direct peer comparison on profitability metrics is pending further analysis of competitors' performance for the same period. ## Context metrics (time-bound) FY26 Revenue: ₹103.03 crore (vs ₹96.95 crore in FY25) FY26 Net Profit: ₹3.46 crore (vs ₹3.75 crore in FY25) Q4 FY26 Net Loss: ₹1.05 crore (vs ₹2.04 crore Net Profit in Q3 FY26) ## What to track next Investors should closely track the company's performance in the upcoming quarters, focusing on profit margins, revenue streams, and any management commentary explaining the shift from profit to loss in the last quarter.
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