Polyspin Exports Delivers Sharp Profit Rebound in Q1 FY27
The packaging firm's profit more than tripled sequentially, improving net margins even as quarterly revenue softened year-on-year.
Polyspin Exports reported a 7.1% yearly profit rise in Q1 FY27, with a sharp sequential rebound. Revenue declined, but net profit margin expanded to 2.8%.
Polyspin Exports has posted a mixed yet encouraging set of numbers for the first quarter of fiscal 2027. While revenue softened, the company managed a significant profit recovery, signaling improved cost control and operational efficiency.
Revenue for the quarter ended June 2026 came in at ₹53.14 crore, down 7.4% from the same period last year. However, profit after tax rose 7.1% year-on-year to ₹1.5 crore. This divergence highlights a stronger focus on profitability, with the net profit margin expanding by 40 basis points to 2.8%. The sequential story is even more striking: profit surged over 206% from a weak ₹0.49 crore in the March 2026 quarter, even as revenue dipped 4.6%.
A look at the recent quarterly trajectory shows the volatility in earnings, with profit now recovering from a low base.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ1 FY27 | PreviousQ4 FY26 | Same quarter LYQ1 FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | 53.14YoY -7.4% | 55.73 | 57.36 |
| Profit (₹ Cr) | 1.50YoY +7.1% | 0.49 | 1.40 |
| Net Profit Margin (%) | 2.8YoY +17% | 0.9 | 2.4 |
Key Points
- The trailing twelve-month (TTM) net profit margin stands at 2.6%, with TTM profit at ₹5.66 crore.
- The stock trades at a significant discount to its industry, with a P/E of 4.6 compared to the sector average of 22.3.
- The company's full-year FY26 performance showed a net profit margin of 2.5% on revenue of ₹225.76 crore.
The immediate challenge for Polyspin Exports is to stabilize its top line while maintaining the improved profitability seen this quarter.
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· POLYSPIN
(BSE)
ISIN: INE914G01029
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