Deep Polymers Limited delivered impressive financial results for the quarter ended June 30, 2026, demonstrating robust growth across key metrics. According to the company's latest financial disclosure, revenue from operations reached ₹30.07 crore, representing a 20% increase from ₹25.40 crore in Q1 FY26. Total income stood at ₹31.13 crore compared with ₹26.38 crore in the corresponding quarter last year. The company's profitability showed significant improvement with Profit Before Tax (PBT) rising 30% YoY to ₹2.54 crore, while Profit After Tax (PAT increased 32% to ₹1.90 crore, compared with ₹1.44 crore in Q1 FY26. Earnings per share improved to ₹0.79 from ₹0.60 in the previous year.
Rameshbhai B. Patel, Chairman & Managing Director of Deep Polymers Limited, expressed satisfaction with the company's performance. As reported by the company, Patel stated, "We are encouraged by the strong start to FY27, with revenue from operations growing 20% and profit after tax increasing by 32% year-on-year. This performance reflects the growing demand for our products and our continued focus on operational efficiency and disciplined execution. We remain committed to strengthening our manufacturing capabilities, expanding our market presence and creating sustainable value for our customers and shareholders."
The company is actively advancing its expansion strategy with multiple ongoing projects. According to the company's disclosure, its Hajipur, Kalol unit, established with an investment of ₹25 crore, caters to polyolefin, engineering and polyester processing segments. Deep Polymers has also invested approximately ₹15 crore in a BOPP unit, equipped with German machinery and high-end technology. Additionally, the company has invested ₹10 crore in a 2 MW captive solar power plant at Mujpur, Patan, Gujarat, supporting its manufacturing operations.
Looking ahead, Deep Polymers has set ambitious growth targets as part of its expansion strategy. As reported by the company, the company is targeting ₹150 crore turnover in FY27, ₹200-225 crore in the following financial year and ₹300 crore by FY29. These targets reflect the company's confidence in its market position and growth potential in the plastic colour masterbatches, additives and filler compounds sector.
