Atharva Poly-Plast H1 FY27 Revenue Surges 77.5% to ₹36.69 Cr
Atharva Poly-Plast Limited reported a significant 77.5% year-on-year increase in revenue from operations to ₹36.69 Cr for the half year ended September 30, 2026 (H1 FY27), compared to ₹20.67 Cr in H1 FY26. This marks the company's first half-yearly results post its BSE SME listing in July 2026. Total income grew by 73.7% to ₹38.42 Cr. Despite a higher raw material cost impacting margins, EBITDA stood at ₹7.45 Cr with a margin of 20.3%, comparable to the full-year FY26 level. Profit after tax was ₹4.38 Cr, a 150.3% increase sequentially from H2 FY26. The company's balance sheet strengthened post-IPO, with net worth increasing to ₹46.06 Cr, borrowings falling by 53%, and debt-to-equity reducing to 0.10 times. Management highlights growth driven by new avenues and a strategic shift towards being a design and engineering partner.
Key Highlights
- Revenue grew 77.5% YoY to ₹36.69 Cr in H1 FY27.
- EBITDA margin at 20.3% is in line with FY26 full-year performance.
- Net worth increased to ₹46.06 Cr post-IPO, debt reduced significantly.
- Company is well-positioned for growth in premium furniture and engineering services.
- Capacity utilization at 67% offers room for new business.
Price Impact
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