Kanpur Plastipack Reports 52x YoY Profit Increase in H1 FY26
Filing Summary
Kanpur Plastipack Ltd. released its financial results for Q2 and H1 FY26, reporting a significant increase in profitability. The company’s total income rose by 20% year-on-year to ₹34,834 lakh in H1 FY26. Net profit surged over 52 times to ₹1,447 lakh compared to ₹28 lakh in H1 FY25. The company completed the acquisition of a 76.19% stake in UK-based Valex Ventures Ltd. and announced a joint venture with Essegomma S.p.A., Italy. A planned capital expenditure of ₹105.26 crore aims to expand capacity and modernize processes over the next 12–18 months.
Kanpur Plastipack Ltd. announced its financial results for the quarter and half-year ended September 30, 2025. The company reported a substantial increase in profitability, with total income for H1 FY26 reaching ₹34,834 lakh, a 20% rise from ₹28,986 lakh in H1 FY25. Net profit for the same period increased over 52 times to ₹1,447 lakh, compared to ₹28 lakh in H1 FY25. The earnings per share (EPS) for H1 FY26 stood at ₹6.26, up from ₹0.13 in H1 FY25.
For Q2 FY26, the company reported a total income of ₹16,610 lakh, marking an 8% increase from ₹15,358 lakh in Q2 FY25. The earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 44% year-on-year to ₹1,633 lakh, compared to ₹1,133 lakh in Q2 FY25. Profit before tax for the quarter was ₹1,006 lakh, up 341% from ₹228 lakh in the same quarter of the previous year. Net profit for Q2 FY26 was ₹756 lakh, a 424% increase from ₹144 lakh in Q2 FY25, with an EPS of ₹3.25 compared to ₹0.67 in Q2 FY25.
The company completed the acquisition of a 76.19% stake in UK-based Valex Ventures Ltd. Additionally, Kanpur Plastipack announced a joint venture with Essegomma S.p.A., Italy, to introduce high-performance Taslan yarn technology to India. This joint venture aims to enable the company’s entry into high-margin, technical, and luxury textile segments. The company also reported total export volume of 6,605 metric tons, valued at ₹11,913 lakh in Q2 FY26. Europe was the largest contributor to the geographical mix, accounting for 51% of exports, followed by South America at 27%, North America at 17%, Asia at 3%, and Africa/Australia at 1%.
Kanpur Plastipack has planned a capital expenditure of ₹105.26 crore for capacity expansion, process modernization, and diversification. Of this, ₹70.26 crore will be funded through internal accruals, with the remaining ₹35 crore financed via term loans. The implementation is scheduled over the next 12–18 months. The company’s long-term facilities have been reaffirmed at CRISIL BBB+/Stable, and short-term facilities at CRISIL A2.
Essegomma S.p.A. is an Italian company specializing in the production of high-performance yarns and textiles. The joint venture with Kanpur Plastipack aims to leverage Essegomma’s advanced technology to enhance product offerings in the Indian market.
Kanpur Plastipack Ltd. is a leading manufacturer and exporter of Flexible Intermediate Bulk Containers (FIBCs), PP Multifilament Yarn, and various fabrics. The company operates across the plastic and solar power divisions and serves over 60 countries, with exports contributing approximately 70% of total revenue. Kanpur Plastipack is focused on expanding its international footprint and enhancing its technological capabilities through strategic partnerships and investments.