StockWatch
·

Pyramid Technoplast Ltd

BSE: 543969

P/L Snapshot

Q1 FY27 · standalone

vs Q4 FY26·vs Q1 FY26
Revenue
223.51
+14.3%+35.7%
Expenditure
209.55
+15.7%+36.0%
Net Profit
10.45
+4.3%+32.1%
OPM %
9.11%
-0.91pp+0.97pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.0062.58125.17187.75250.33Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Price Chart
Reports

Price-Driven Growth, Unproven Recovery

price-driven growth · volume decline · margin normalization

Result verdictFollow-upQ1 FY2718 Aug 20266 minIndustrials & Infra

Strong growth, weak volumes mask normalization risk

price-driven growth · volume pressure · capacity underutilization

TranscriptDeep diveQ1 FY2718 Aug 20266 minIndustrials & Infra

Pyramid Technoplast Q1 FY27: standalone PAT up 32% YoY as EBITDA margin expands, finance costs surge

industrial packaging · capex ramp-up · margin expansion

ResultsQ1 FY2711 Aug 20263 minIndustrials & Infra
Latest
Quarterly Result11 Aug, 1:25 pm

Pyramid Technoplast Q1 FY27: standalone PAT up 32% YoY as EBITDA margin expands, finance costs surge

Pyramid Technoplast's standalone Q1 FY27 (quarter ended June 30, 2026) revenue came in at ₹222.49 Cr, up 35.8% YoY (₹163.81 Cr) and 14.2% QoQ (₹194.79 Cr). PAT was ₹10.45 Cr, up 32.1% YoY (₹7.91 Cr) and 4.3% QoQ (₹10.02 Cr), with EPS of ₹2.85 (not annualised) versus ₹2.16 a year ago. Neither period carries exceptional items, so the growth is fully operational rather than one-off driven. EBITDA margin (OPM) expanded to 9.11% from 8.14% a year ago — evidence of the operating leverage management had guided for as capex-led capacity comes online — but it slipped from 10.02% in the immediately preceding quarter. Net margin (NPM) was roughly flat YoY at 4.70% versus 4.80%, and down from 5.12% in Q4 FY26, because finance cost nearly tripled YoY to ₹3.51 Cr from ₹1.26 Cr (+178.9%) and depreciation rose 61.3% to ₹3.81 Cr from ₹2.36 Cr — both direct consequences of the major capex cycle the company had flagged as completing. Cost of materials consumed grew 40.1% YoY, outpacing revenue growth and also capping the margin improvement at the gross level. Against management's FY27 guidance of ~₹800 Cr revenue and ₹75-80 Cr EBITDA (aiming for double-digit margins), Q1 is running ahead of pace: annualising the quarter implies ~₹890 Cr revenue and ~₹81 Cr EBITDA, already at the top of the guided EBITDA range, though the double-digit margin target itself (9.11% this quarter) hasn't been reached. No brokerage/street estimates specific to this quarter turned up in search — the stock does not appear to carry active analyst coverage, so vsStreet is unknown. The May 13, 2026 concall had guided to capacity utilization moving toward 80% and flagged an expected ₹15 Cr annual benefit from the new solar plant plus up to ₹5 Cr from the recycling facility; the sharp YoY rise in materials cost this quarter suggests those savings are not yet visibly reflected in the P&L. Separately, the board used this meeting to approve Desai Saksena & Associates as incoming statutory auditor for a five-year term from the 28th AGM — a governance item unrelated to operating performance. Into Q2 FY27, the questions are whether EBITDA margin continues closing the gap to management's double-digit target and whether finance costs moderate now that the capex cycle is described as complete.

11 Aug 2026, 01:25 pm

Corporate Events

Board MeetingPYRAMID
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Board Meeting

The 28th Annual General Meeting will be held to transact ord…

BSE Filing
DividendPYRAMID
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₹0.5 / share

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DividendPYRAMID
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11Sep

₹0.5 / share

BSE Filing
Board MeetingPYRAMID
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Board Meeting

To consider and approve the Un-audited Financial Results of …

BSE Filing
Board MeetingPYRAMID
2026
22Jun

Board Meeting

The Board of Directors of the Company considered and approve…

BSE Filing
Board MeetingPYRAMID
2026
13May

Board Meeting

The Board of Directors met on May 13, 2026. They recommende…

BSE Filing
Board MeetingPYRAMID
2025
11Nov

Board Meeting

Consider and approve the Un-audited Financial Results of the…

BSE Filing
DividendPYRAMID
2025
12Sep

₹0.5 / share

BSE Filing
Board MeetingPYRAMID
2024
22May

Board Meeting

Consider and approve the Audited Financial Results and State…

BSE Filing