Polyplex Corporation Limited — PPTs, 17-02-2026: Investor Presentation

Polyplex Corporation reported mixed consolidated results for Q3 FY26 and YTD FY26.

For Q3 FY26, revenue was ₹1,680 Cr (down 27% YoY), Normalized EBITDA ₹124 Cr (down 10% YoY), and PAT ₹30 Cr. EPS stood at ₹4.70/share. Year-to-date Q3 FY26 saw revenue at ₹5,208 Cr (up 1% YoY), Normalized EBITDA ₹447 Cr (down 8% YoY), and PAT ₹3 Cr. Volume growth YTD was driven by a new US production line but was offset by soft demand in industrial films and pricing pressures from industry overcapacity.

The company's strategy centers on a diversified product portfolio, a global manufacturing presence in 5 countries, and increasing D-PAC (Differentiated Product, Application, or Customer) sales for pricing stability. Polyplex is also a leader in sustainable products, including chemical recycling based rPET films.

Recent developments include new BOPET film lines and coaters in India, a blown film line in Thailand, and a coater in Turkey, representing $84 million in ongoing investments.

Management foresees normalized demand in industrial and packaging segments, with Western markets remaining sluggish. They expect higher exports to the USA from India with improved margins due to recent tariff reductions, anticipating gradual profitability improvement from the US facility ramp-up and increased D-PAC sales.