Plastiblends India Limited — Others, 21-06-2025: Shareholders meeting
21-06-2025 | 05:57 pm
21-06-2025 | 05:57 pm
Plastiblends India Ltd has announced a board meeting to approve the financial results for the quarter and half-year. The company reported revenue of ₹780.45 Cr, indicating operational stability despite market softness. Margins improved slightly with EBITDA margin up 5 bps to 7.87%. The net profit stood at ₹33.44 Cr, modestly lower than the previous year. The Board recommended a dividend of ₹2.50 per share, down from ₹4.25 last year, to conserve liquidity amid industry uncertainties. The company remains net cash positive, investing ₹32.28 Cr in mutual funds, and continues sustainability efforts through rooftop solar across plants. New independent director appointments were proposed and key managerial roles unchanged.
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