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Polymechplast Machines Limited announced that its board of directors appointed Mr. Devang Rasiklal Shah (DIN: 11912406) as an Additional Director and Non-Executive Independent Director for a tenure of 5 consecutive years, commencing August 27, 2026, to August 26, 2031, with the appointment lasting until the next annual general meeting.

Polymechplast Machines Limited announced the appointment of Mr. Devang Rasiklal Shah (DIN: 11912406) as an Additional Director and Non-Executive Independent Director for a tenure of 5 consecutive years, commencing August 27, 2026, subject to shareholder approval at the next Annual General Meeting.

Polymechplast Machines Ltd share price declined by 3.98% to Rs 49.02 after the company`s net profit plunged by 123.05% to Rs 0.71 crore, while revenue from operations dropped sharply 54.34% to Rs 9.93 crore in Q2FY26 over Q1FY26. The market capitalization of Industrial Products industry group stocks on BSE stood at Rs 2.73 lakh crore, rising 2.72%. It has marginally improved by 0.72% over last one week and soared by 39.79% in last one month while the market capitalization of Polymechplast Machines Ltd has inched up 4.13% and 6.18% in the same period respectively. Profit before tax (PBT) of Polymechplast Machines Ltd stood at Rs 0.92 crore in Q2 FY26, surging by 178.79% year-on-year, and tumbling by 125.77% quarter-on-quarter. EBITDA came in at Rs 1 crore, rallying 154.55% YoY and nosediving by 75.76% sequentially. Total expenses saw a steep drop of 50.72% to Rs 11.0 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 5.96 crore, plunging by 60.37% YoY, while employee benefits expense was at Rs 1.82 crore, collapsing by 17.27% YoY. For the TTM ended FY26, revenue from operations tick up 9.91% to Rs 64.89 crore, while net profit saw a mild growth of 7.06% to Rs 0.91 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 25% to Rs 0.94 crore, and PBT rose 13.16% to Rs 1.29 crore compared to previous TTM. The company`s consolidated net cash flow from operating activities stood at Rs 0.83 crore in FY26, as against Rs 3.46 crore in FY25. Polymechplast Machines Ltd nosedived by 17.13% in last one year, underperforming the benchmark BSE Sensex which has slipped by 3.04% during the same period.

Polymechplast Machines will hold a meeting of the Board of Directors of the Company on 12 August 2026.

Net profit of Polymechplast Machines rose 1390.00% to Rs 2.98 crore in the quarter ended March 2026 as against Rs 0.20 crore during the previous quarter ended March 2025. Sales rose 13.40% to Rs 21.75 crore in the quarter ended March 2026 as against Rs 19.18 crore during the previous quarter ended March 2025.For the full year,net profit rose 357.14% to Rs 3.20 crore in the year ended March 2026 as against Rs 0.70 crore during the previous year ended March 2025. Sales rose 6.23% to Rs 68.93 crore in the year ended March 2026 as against Rs 64.89 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales21.7519.18 13 68.9364.89 6 OPM %-1.562.03 -0.942.60 - PBDT3.780.47 704 5.212.21 136 PBT3.570.24 1388 4.341.29 236 NP2.980.20 1390 3.200.70 357 Powered by Capital Market - Live News