Pehle 9 mahine (9MFY26) mein toh sab badiya tha. Revenue 11% badh kar ₹15,925 Lakhs ho gaya aur PAT bhi 10% badh kar ₹1,504 Lakhs tak pahunch gaya. EPS ₹6.11 raha. Lekin, jo EBITDA tha woh ₹1,816 Lakhs par flat raha aur EBITDA margins 11.40% par aa gaye, 111 basis points niche. Iska reason product mix change hone se gross margins par asar tha.
Ab aate hain Q3 FY26 par, jo thoda down tha. Revenue 8% gir kar ₹6,722 Lakhs pe aa gaya aur PAT 10% gir kar ₹787 Lakhs (EPS ₹3.20) ho gaya. EBITDA toh 34% gir gaya ₹843 Lakhs pe, aur margins bhi 478 basis points kam ho kar 12.55% ho gaye. Management bolta hai ki yeh business mein chalta rehta hai, quarterly fluctuations aam hain. Q3 mein 'Other Income' 114% badh gaya tha, jisse operational profit ka fall thoda kam hua.
Sabse achhi baat pata hai kya hai? Company ne apna balance sheet strong kar liya hai! FY25 ke end tak yeh net cash positive ho gaye hain, matlab ab company ke paas ₹678 Lakhs extra cash hai, jo FY24 mein sirf ₹40 Lakhs tha. Debt bilkul khatam! Current ratio bhi approx 2.25 ho gaya hai, jo zabardast hai. ROE 24% aur ROCE 22% FY25 ke liye.
Abhi operational front pe bhi khushkhabri hai. Ek bade Indian snacks brand se VFFS packaging machines ka ek bada order mila hai. Aur company ab apne innovations ko Plast India 2026 aur Interpack 2026 mein dikhane wali hai, jisse global market mein entry hogi.
Packaging division ko growth ka main engine banaya ja raha hai. Africa, Middle East, Europe, Asia, aur South-Central America jaise naye export markets mein entry karne ka plan hai. Naye products bhi launch honge.
Par ek risk bhi hai dhyan rakhne wala. US mein tariffs aur trade deal mein delays ka impact American business par pad sakta hai. Investors ko aage margins aur international expansion par nazar rakhni hogi.