Pyramid Technoplast Ltd

Pyramid Technoplast's standalone revenue for Q2 FY27 (quarter ended September 30, 2026) came in at ₹238.04 Cr, up 48.0% year-on-year from ₹160.82 Cr and up 6.99% sequentially from ₹222.49 Cr in Q1 FY27. Standalone PAT rose 54.3% YoY to ₹9.50 Cr (from ₹6.15 Cr) but fell 9.1% QoQ from ₹10.45 Cr, with EPS at ₹2.57 versus ₹1.67 a year ago and ₹2.85 last quarter. OPM (EBITDA margin) expanded to 8.21% from 7.42% YoY but eased from Q1 FY27's 9.11%; NPM was 3.98% versus 3.81% YoY and 4.67% QoQ. No exceptional items or prior-period adjustments appear in either comparison period, so these are clean, unadjusted figures. The YoY margin expansion was driven by operating leverage on employee costs (2.59% of revenue versus 3.87% a year ago) and other expenses (12.11% versus 15.18%), which more than offset a higher raw-material cost ratio (77.08% versus 74.47%) and a 147% YoY jump in finance costs (₹3.93 Cr versus ₹1.59 Cr) tied to higher borrowings. The QoQ margin dip instead came from a rise in other expenses (12.11% versus 11.02% in Q1) and slightly higher finance costs, not materials, which held flat sequentially. Against the FY27 guidance management gave on the Q1 concall — ~15% revenue growth and an 11-12% EBITDA margin — H1 FY27 revenue of ₹460.53 Cr (up 41.9% YoY from ₹324.63 Cr) is running well ahead of the growth target, but this quarter's 8.21% EBITDA margin remains short of the 11-12% band — a miss on the profitability target even as the topline outperforms. There is no analyst consensus to benchmark against; searches found no brokerage previews or estimates on this stock. Corporate developments this quarter were largely administrative: the GPCB authorization for waste recycling (September 23) supports the previously guided ₹2 Cr FY28 recycling-savings initiative, and the company appointed Desai Saksena & Associates as its new statutory auditor (September 22), who issued this quarter's unqualified limited-review report; no management press release accompanied the filing. Working capital grew alongside revenue — trade receivables rose to ₹176.43 Cr from ₹142.96 Cr at March-26, and total borrowings rose to ₹198.90 Cr from ₹183.39 Cr — while PP&E and CWIP were little changed from March-26 (₹243.17 Cr combined non-current assets versus ₹246.61 Cr), suggesting the guided ₹20-25 Cr Kutch expansion capex has yet to show up meaningfully on the balance sheet.

Pyramid Technoplast Ltd has announced a Board of Directors meeting scheduled for November 6, 2026. The primary agenda is to consider and approve the Un-audited Financial Results for the quarter and half-year ended September 30, 2026, along with their Limited Review Reports. The trading window for designated persons will be closed from October 1, 2026, until 48 hours after the results declaration.

Pyramid Technoplast Limited has announced the closure of its trading window for all designated persons, including promoters, directors, and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will remain shut from October 1, 2026, until 48 hours after the declaration of the company's unaudited financial results for the second quarter ended September 30, 2026. During this period, no trading in the company's equity shares is permitted for these individuals. The date for the board meeting to approve these financial results will be communicated separately.

Pyramid Technoplast Limited has issued a clarification regarding its 28th Annual General Meeting (AGM). A typographical error in the previously uploaded summary of proceedings indicated 33 shareholders attended via Video Conferencing/Other Audio-Visual Means, when the correct number is 38. The company has corrected this figure, emphasizing that all other information in the original summary remains unchanged. This update ensures accurate reporting of AGM participation.

Pyramid Technoplast Limited has received an amended Consolidated Consent and Authorisation (CCA) from the Gujarat Pollution Control Board (GPCB). This authorization allows the company to receive, collect, store, transport, and recycle industrial packaging waste, including hazardous-waste contaminated barrels and containers, generated by third parties. The company is permitted to handle up to 960 MT of such waste annually, expanding its recycling operations and offering end-to-end waste management solutions. Additionally, it can manufacture up to 9,000 cleaned barrels/drums per month for industrial use or granules, complementing its existing reprocessed granule capacity. This move aligns with the company's focus on a circular economy and provides a new avenue for growth in its recycling business.

Pyramid Technoplast Ltd. has announced the appointment of M/s Desai Saksena & Associates (FRN: 102358W) as its new Statutory Auditors. This decision was approved by the company's shareholders at the 28th Annual General Meeting (AGM) held on September 22, 2026. The appointment is for a term of five financial years, commencing from the financial year 2026-27 and extending until 2031-32, specifically from the conclusion of the 28th AGM until the conclusion of the 33rd AGM. Desai Saksena & Associates, established in 1984, is a multidisciplinary professional services firm known for its audit, assurance, taxation, and corporate law services, with a strong commitment to professional excellence.

Pyramid Technoplast Ltd has informed the exchange about the physical dispatch of a web link for its Annual Report for FY 2025-26 to shareholders who have not registered their email addresses. This action complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Annual Report, which includes the notice for the 28th Annual General Meeting (AGM) scheduled for September 22, 2026, is also available on the company's website and stock exchange portals. Shareholders can request a physical copy by emailing cs@pyramidtechnoplast.com.

Pyramid Technoplast Ltd. has announced its 28th Annual General Meeting (AGM) to be held on Tuesday, September 22, 2026, at 11:30 AM IST via Video Conferencing. The meeting will address ordinary business including the adoption of audited standalone financial statements for FY 2025-26, declaration of a final dividend of ₹0.50 per equity share, re-appointment of director Mr. Jaiprakash Bijaykumar Agarwal, and appointment of M/s Desai Saksena & Associates as statutory auditors for five years. The notice has been sent electronically to members. The cut-off date for eligibility is September 16, 2026, with remote e-voting available from September 19 to September 21, 2026.

Pyramid Technoplast Limited has published its Annual Report for the Financial Year 2025-26, including the Notice for its 28th Annual General Meeting. The report details significant financial and operational highlights, with total income reaching ₹683.8 Crore and EBITDA at ₹58.9 Crore. The company reported a Profit After Tax (PAT) of ₹28.8 Crore, with an EBITDA margin of 8.6% and PAT margin of 4.2%. Operational achievements include a production capacity of 76,931 MTPA, a 22% year-on-year increase, and a 20% YoY volume growth. The share of value-added products (IBC) increased to 36% of total revenue, contributing ₹246 Crore. The report also outlines the company's strategic roadmap, ESG initiatives, and corporate governance.

Pyramid Technoplast Ltd has issued shareholder communication regarding Tax Deducted at Source (TDS) on the final dividend for the Financial Year 2025-26. The company has sent an email to shareholders with registered email IDs, detailing the TDS provisions as per the Income Tax Act, 2025. This information is also available on the company's website. This communication serves as an update for shareholders regarding the tax implications of their dividend payout.