Bhansali Engineering Polymers Q1 FY27: Growth Returns as Capacity Expansion Nears

In Q1 FY27, revenue from operations was INR 472.2 crore, EBITDA was INR 92.3 crore (EBITDA margin 19.2%), and profit after tax was INR 65.6 crore (PAT margin 13.6%).

Revenue from operations increased 53.3% year on year to INR 472.2 crore in Q1 FY27 from INR 307.9 crore in Q1 FY26.

The company has announced expansion from 75,000 MTPA to 100,000 MTPA, with commissioning targeted by September 2026 and optimal utilisation expected by end of FY28.

The presentation states the about INR 200 crore capex is fully funded through internal accruals.

The company states it manufactures key ABS inputs in-house, specifically SAN (Styrene Acrylonitrile) and HRG (High Rubber Graft), which are used for captive consumption in ABS manufacturing.

The presentation highlights ABS resins, ASA, PC-ABS, and specialty polymer compounds and blends, along with in-house intermediates SAN and HRG used in ABS production.

The presentation mentions automobiles, home appliances, electronics, health care, kitchenware, and other miscellaneous applications such as luggage, stationery, and toys.