National Plastic Technologies Reports Strong H1 FY27 Financials

Revenue grew to Rs 222.96 crore, while Net Profit reached Rs 6.71 crore for the half-year.

Reader Takeaway: Revenue and profit both climbed YoY, though investors should monitor the significant rise in trade receivables.

What just happened

National Plastic Technologies released its unaudited financial results for the half-year ended September 30, 2026. The company posted revenue of Rs 222.96 crore compared to Rs 162.93 crore in the same period last year. Net profit after tax rose to Rs 6.71 crore, up from Rs 4.93 crore, resulting in an EPS of Rs 11.04.

Why this matters

The results demonstrate successful operational scaling and top-line growth. The Board of Directors also strengthened the company's governance framework by appointing Priya Gupta as the new Company Secretary and Compliance Officer, effective November 5, 2026.

The backstory

The company is currently in a phase of active asset deployment. Total assets increased to Rs 242.51 crore as of September 30, 2026, from Rs 171.55 crore at the end of March 2026. Capital work-in-progress stands at Rs 21.11 crore, highlighting ongoing infrastructure investment.

Risks to watch

Investors should track the surge in trade receivables, which rose to Rs 103.84 crore from Rs 49.05 crore earlier this fiscal year. Efficient conversion of these receivables into cash flow remains a key metric for liquidity management. Additionally, total borrowings reached Rs 75.55 crore, which warrants monitoring in the context of rising interest costs.

What to track next

Watch for the operational performance of the new assets currently under construction. Future updates will likely clarify how quickly capital work-in-progress transitions into revenue-generating capacity.