National Plastic Industries reported a significant decline in financial performance for the quarter ended June 2026. According to the latest financial results approved by the Board on August 11, 2026, the company's standalone net profit dropped 26.74% to ₹0.63 crore compared to ₹0.86 crore in the corresponding quarter of the previous year. The profit decline was accompanied by a substantial reduction in sales revenue during the quarter, with the company's revenue from operations falling 29.36% to ₹15.52 crore from ₹21.97 crore in Q1 FY2025. As per the company's financial statements, earnings per share declined to ₹0.68 from ₹0.94 in the previous year, reflecting the impact of the revenue contraction on shareholder returns.
The company experienced a notable decline in sales revenue during the quarter, with revenue from operations dropping to ₹1,551.72 lakh in Q1 FY2026 from ₹2,197.18 lakh in the same quarter of the previous financial year. According to the latest financial results, total income for the quarter stood at ₹1,553.47 lakh, comprising ₹1,551.72 lakh from operations and ₹1.75 lakh from other income. The revenue contraction contributed significantly to the overall decline in the company's financial performance during the quarter, with the Mumbai-based manufacturer of plastic moulded and extruded articles facing challenging market conditions.
The company's operational efficiency showed some improvement despite the revenue challenges. According to the detailed financial data, operating profit margin (OPM) increased to 11.21% in Q1 FY2026 from 19.15% in the corresponding quarter of the previous year. However, this improvement was not sufficient to offset the impact of the significant revenue decline on overall profitability. The company implemented operational adjustments in response to lower sales volumes, with other expenses dropping significantly to ₹383.63 lakh from ₹501.33 lakh in the previous year's quarter, demonstrating effective cost management strategies during the challenging period.
The company's financial performance across key metrics showed mixed trends during the quarter. As reported in the latest financial results, profit before tax declined 27% to ₹0.63 crore compared to ₹0.86 crore in Q1 FY2025. The company's total expenses were recorded at ₹1,490.94 lakh, with cost of material consumed amounting to ₹900.05 lakh and employee benefits expense at ₹166.73 lakh. Finance costs decreased to ₹44.22 lakh from ₹51.13 lakh in the prior year quarter, while depreciation and amortisation expense rose slightly to ₹71.54 lakh from ₹66.15 lakh. The absence of tax expense indicates that profits before tax did not attract current tax liabilities, maintaining the profit before tax figure equal to the net profit for the period.
