Captain Polyplast Ltd
P&L
Quarterly Consolidated
vs Q1 FY26
Captain Polyplast Reports 48% Growth in Total Income and 23% Rise in EBITDA in Q2 FY26
08 Nov 2025 · 8 Nov 2025, 07:24 pm
Summary
Captain Polyplast Limited, a leading manufacturer and exporter of micro irrigation solutions and a player in the solar EPC segment, reported its unaudited financials for Q2 & H1 FY26. The company saw a 48% YoY growth in total income and a 23% YoY rise in EBITDA in Q2 FY26.
Key Highlights
- 1
48% YoY growth in Total Income in Q2 FY26
- 2
23% YoY rise in EBITDA in Q2 FY26
- 3
10.29% EBITDA Margin in Q2 FY26
- 4
5.30% Net Profit Margin in Q2 FY26
- 5
Received empanelment from MSEDCL under the ‘Magel Tyala Saur Krishi Pump’ Solar pump Yojna in Maharashtra
- 6
Received LOA from Dakshin Gujarat Vij Company Ltd under the PM-KUSUM Scheme for solar pump supply in Gujarat
Management Comments
Mr. Ritesh Khichadia
In Q2, we focused on strengthening our operations and maintaining steady progress across our core segments. We have reported healthy revenue growth of 48% YoY and EBITDA growth of 23% YoY during the quarter on account of growth in both micro irrigation and solar EPC segment. We have continued to grow our solar EPC business by expanding our presence in both rooftop and solar pumps segment. We have secured vendor empanelment for supply of solar pumps under PM-KUSUM scheme in Maharashtra and Gujarat. Looking ahead, we expect strong government support continuing to drive demand for irrigation and solar solutions. The reduction in GST from 12% to 5% on drip irrigation, sprinklers, and solar equipment has improved affordability which augurs well for demand.
Informational and educational content only. Not investment advice.