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Revenue
₹71.62 Cr
verified against source
Revenue YoY
-1.49%
reported change
EBITDA
₹10.3 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Rajshree Polypack reported a mixed Q3 FY26: revenue declined 1.49% YoY to ₹71.62 crore due to softer domestic demand and lower sheet realizations, but EBITDA grew 13.82% YoY to ₹10.3 crore and PAT jumped 25% YoY to ₹2.13 crore, driven by better product mix and cost controls. Exports were a bright spot, surging 40.8% YoY to ₹20.54 crore, led by injection molding. Domestic revenue fell 12% YoY to ₹51 crore, though management expects recovery in Q4. The Olive EcoPack JV is scaling up, targeting ₹19-20 crore revenue in Q4 and breakeven soon. A renewable power deal and loan restructuring will save ~₹2.5 crore annually. Risks: JV accumulated losses of ₹24 crore (total) may delay profitability, and domestic recovery remains uncertain.
Colored figures show movement against the previous available record.
Guidance to track
- Management targets ₹360-370 crore revenue for the plastic business in FY27, utilizing existing capacity without major capex.
- Olive EcoPack JV is expected to achieve ₹120-130 crore revenue in FY27 and ₹180-190 crore in FY28.
- Plastic business EBITDA margin targeted at 15-15.5% and paper business at 16-16.5%.
- Management aims to reduce working capital by ₹10-15 crore over the next two quarters.
Risks flagged
- Olive EcoPack JV has accumulated losses of ₹24 crore (total), which may take 1-1.5 years to recover before contributing to profitability.
- Domestic revenue declined 12% YoY due to lower raw material prices and seasonal moderation; recovery in Q4 is expected but not guaranteed.
- Recent resignation of HR head and company secretary raises concerns about talent retention, though management downplays impact.
Key quotes
- We are looking at around 360 to 370 odd cr revenue for 27 and without any further major capex our capacity is around 400 odd cr.
- We have signed a term sheet with a renewable power producer to purchase renewable power at a lower price under captive arrangement... we expect to save around 1.5 cr approximate per annum in power cost.
- With the ease in the tariff in US, we expect to restart discussion with US customers and will start exporting to US from quarter 1 of FI27.
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