National Plastic Tech Posts Growth, But EPS Dips; Guidance Absent

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AuthorKavya Nair|Published at:
National Plastic Tech Posts Growth, But EPS Dips; Guidance Absent
Overview

National Plastic Technologies reported a 12.25% YoY revenue increase to ₹88.68 Cr and a 20.86% PAT jump to ₹2.76 Cr for Q4 FY26. Despite improved margins, EPS declined YoY to ₹12.65 from ₹14.85. The company provided no management guidance for future prospects.

📉 The Financial Deep Dive

National Plastic Technologies Ltd. has filed its unaudited standalone financial results for the quarter and nine months ended December 31, 2025. Operating in the Moulded Plastic Products segment, the company reported a 12.25% year-on-year (YoY) increase in revenue from operations, reaching ₹8,868.38 Lakhs (₹88.68 Cr) for Q4 FY26, up from ₹7,904.89 Lakhs (₹79.05 Cr) in Q4 FY25.

Profit After Tax (PAT) demonstrated robust growth, surging by 20.86% YoY to ₹275.71 Lakhs (₹2.76 Cr) from ₹228.13 Lakhs (₹2.28 Cr) in the prior year. This growth was accompanied by an improvement in PAT margins, which rose to 3.11% from 2.88% YoY.

The EPS Anomaly

Despite the overall positive trend in revenue and PAT, Earnings Per Share (EPS) on a basic and diluted basis experienced a decline. EPS fell to ₹12.65 in Q4 FY26 from ₹14.85 in Q4 FY25. This occurred despite reported PAT growth and constant share capital, presenting a key point of investor concern.

Nine-Month and Sequential Performance

For the nine months ended December 31, 2025, revenue stood at ₹25,161.62 Lakhs (₹251.62 Cr), marking a 7.30% YoY increase. PAT for the nine-month period rose 11.39% YoY to ₹768.75 Lakhs (₹7.69 Cr), with PAT margins improving slightly to 3.05% from 2.94% YoY.

Sequentially, Q4 FY26 revenue saw a marginal dip of 0.20% to ₹8,868.38 Lakhs from ₹8,885.99 Lakhs in Q3 FY26. PAT, however, increased sequentially by 1.85% to ₹275.71 Lakhs from ₹270.69 Lakhs.

Exceptional Item

An exceptional item of ₹23.80 Lakhs (₹0.24 Cr) was recognized under 'Statutory impact of new Labour codes' in the profit before tax for Q4 and 9M FY26. This relates to the incremental impact on gratuity due to changes in wage definitions.

🚩 Risks & Outlook

No specific management guidance for future periods or outlook on business prospects was provided in this announcement. The absence of forward-looking statements leaves the market speculating on the company's future trajectory, particularly in light of the declining EPS despite profit growth.

The results have been subjected to a limited review by statutory auditors.

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