Commercial Syn Bags Posts Robust Q1 Growth as Margins Expand
Packaging firm Commercial Syn Bags reported a 61% jump in profit for Q1 FY27, driven by a 21% rise in revenue and a significant improvement in net profit margin.
Commercial Syn Bags delivered a strong start to FY27, with profit surging 61% year-on-year. Revenue growth was healthy at 21%, and the company's net profit margin expanded meaningfully.
Commercial Syn Bags has kicked off FY27 with impressive momentum, posting robust double-digit growth in both revenue and profit for the June quarter. The company's profit surged at nearly triple the pace of its sales, highlighting a significant improvement in profitability.
The first quarter saw revenue rise to ₹109.13 crore, a 20.6% increase from the same period last year. Profit after tax grew even faster, jumping 60.9% year-on-year to ₹8.93 crore. This translated into a net profit margin of 8.2%, a notable expansion of 210 basis points from Q1 FY26. The growth was also strong on a sequential basis, with revenue up 8.5% and profit up 40.9% from the March 2026 quarter.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ1 FY27 | PreviousQ4 FY26 | Same quarter LYQ1 FY26 |
|---|---|---|---|
| Period | Quarter ended June 2026 | Quarter ended March 2026 | Quarter ended June 2025 |
| Revenue (₹ Cr) | 109.13YoY +21% | 100.56 | 90.51 |
| Profit (₹ Cr) | 8.93YoY +61% | 6.34 | 5.55 |
| Net Profit Margin (%) | 8.2YoY +34% | 6.3 | 6.1 |
The quarterly table shows a clear upward trajectory in sales over the last year, with the latest quarter marking a new high. Profitability has also been strengthening, with the latest margin being the second-highest in the last five quarters. On a trailing twelve-month (TTM) basis, the company's net profit margin stands at 7.3%.
Key Points
- The stock has delivered a strong 59.3% return over the past year, closing at ₹209.72 on the results date.
- The company maintains a moderate balance sheet with a debt-to-equity ratio of 0.73 and a return on equity (ROE) of 12.44%.
- At a P/E of 18.5, the stock trades at a discount of about 29% to the industry average P/E of 26.0.
This quarter's performance sets a high benchmark, and the focus will now be on sustaining this improved margin profile alongside continued sales growth.
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· COMSYN
(BSE)
ISIN: INE073V01015
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