Mitsu Chem Plast delivered remarkable financial performance in the quarter ended June 2026, with standalone net profit surging 566.23% to ₹8.74 crore compared to ₹1.31 crore in the corresponding quarter of the previous year. According to the latest financial results, this represents one of the most significant profit growth rates in the company's recent financial history, with net profit margin expanding by 765 basis points to 9.18% from 1.54% in Q1 FY2025. The Mumbai-based manufacturer of blow-molded and injection-molded products demonstrated exceptional operational leverage, with EPS increasing 563.92% to ₹6.44 from ₹0.97 in the previous year's corresponding quarter.
The company's sales revenue increased 11.62% to ₹95.33 crore in Q1 FY2026, up from ₹85.40 crore in the same quarter of the previous financial year. As reported in the latest financial results, this revenue growth demonstrates the company's ability to expand its market presence and operational scale during the quarter. The total income rose 11.62% to ₹95.33 crore for the quarter ended June 30, 2026, reflecting the company's continued growth trajectory in its diversified product portfolio.
Operating performance improved markedly with EBITDA jumping 209.50% to ₹15.49 crore from ₹5.01 crore in the corresponding quarter of the previous year. According to the latest financial data, EBITDA margin expanded by 1,041 basis points to 16.29% compared to 5.87% in Q1 FY2025. This significant improvement in operational efficiency contributed substantially to the company's exceptional profit growth during the quarter, with management attributing the growth to improved operating efficiencies and a stronger product mix. The EBITDA margin more than doubled, reinforcing the view that the profit surge was driven by core operational improvements rather than one-off items.
The company announced a proposed preferential issue of 10 lakh convertible warrants to fund capacity expansion plans. As reported in the latest announcement, the allottees include promoters Mr. Manish Dedhia (4.75 lakh warrants) and Mr. Sanjay Dedhia (3.25 lakh warrants), along with non-promoter Rikhav Securities Limited (2 lakh warrants). Upon completion, the aggregate promoter shareholding is expected to increase from 67.77% to 68.61% on a fully diluted basis. The funds raised are intended to support growth and expansion plans, including a proposed addition of 3,550 metric tons per annum to its existing manufacturing capacity of over 32,450 metric tons per annum. The company noted that existing capacity utilization stood at 64% in FY26, highlighting the need for expansion to meet growing demand in key segments such as industrial packaging, healthcare products, and infrastructure solutions.
