Prima Plastics Q1 FY27 Results: Standalone vs Consolidated

Board approves June-quarter results

Prima Plastics Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27). The Board of Directors approved the numbers at its meeting held on August 10, 2026. The company said the Audit Committee reviewed the financial results before they were placed before the board.

The statutory auditors, CNK & Associates LLP, issued an unmodified limited review report on both the standalone and consolidated results. The review was carried out in line with SRE 2410, which provides moderate assurance and does not amount to a full audit opinion. The company’s disclosures also referenced compliance actions around trading restrictions during the results period.

Limited review report and what it signals

An unmodified limited review report indicates that the auditors did not find anything that requires modification to the results presented for the quarter, based on the limited review procedures. Prima Plastics’ filing noted that the review provides moderate assurance and is narrower in scope than an audit.

This matters for investors because quarterly results are typically unaudited, and the comfort level comes from the limited review process. In Prima Plastics’ case, the report was unmodified for both standalone and consolidated statements, which is generally viewed as a clean outcome within the limits of a review engagement.

Standalone: revenue lower, profit sharply higher

On a standalone basis, Prima Plastics reported revenue from operations of ₹16.84 crore in Q1 FY27, compared with ₹17.07 crore in Q1 FY26 and ₹25.03 crore in Q4 FY26. In a separate standalone quarterly snapshot, net sales for June 2026 were shown at ₹16.84 crore, down 42.75% from ₹29.41 crore in June 2025.

Despite the softer standalone operating revenue, the company reported a sharp increase in profitability. Standalone net profit from continuing operations for Q1 FY27 stood at ₹13.09 crore, compared with ₹6.27 crore in Q1 FY26 and ₹0.77 crore in Q4 FY26. The standalone income statement also showed other income of ₹17.42 crore in Q1 FY27, compared with ₹8.33 crore in Q1 FY26 and ₹0.15 crore in Q4 FY26.

Standalone: total income and expenses trend

Prima Plastics’ standalone total income for Q1 FY27 was reported at ₹34.26 crore, versus ₹25.40 crore in Q1 FY26 and ₹25.18 crore in Q4 FY26. Standalone total expenses were ₹17.27 crore in Q1 FY27, compared with ₹17.78 crore in Q1 FY26 and ₹23.87 crore in Q4 FY26.

The gap between total income and total expenses in Q1 FY27 reflected the large contribution of other income during the quarter. The results highlight that, for this period, non-operating or other income lines played a meaningful role in the standalone profit outcome.

Consolidated: revenue up YoY, net income down

On a consolidated basis, another set of disclosed results for the quarter ended June 2026 showed sales of ₹40.11 crore, up from ₹34.79 crore in the corresponding year-ago quarter. The same disclosure showed net profit of ₹2.92 crore, down from ₹3.18 crore a year ago.

A separate earnings summary for the first quarter ended June 30, 2026 reported sales at ₹40.11 crore and revenue at ₹40.40 crore, compared with ₹34.79 crore sales and ₹35.46 crore revenue a year ago. It also reported net income of ₹2.92 crore compared with ₹3.18 crore in the year-ago period.

Key margin and profit metrics cited for June 2026 quarter

The June 2026 quarter disclosure also provided operating metrics including operating margin and profit before tax measures. Operating profit margin (OPM) was cited at 20.69% versus 14.49% in the year-ago quarter. Profit before depreciation and tax (PBDT) was reported at ₹10.42 crore versus ₹7.59 crore, while profit before tax (PBT) was ₹9.03 crore versus ₹6.30 crore.

These figures were presented alongside the headline consolidated sales and net profit movement for the quarter. Taken together, they show stronger operating metrics in the cited table even as reported net profit was lower year-on-year in that same snapshot.

EPS figures: different snapshots show different values

In the company’s Q1 FY27 results statement, basic EPS from continuing operations was reported at ₹2.65, compared with ₹3.39 a year ago in the earnings summary. Separately, a standalone quarterly snapshot cited EPS of ₹11.90 for June 2026, compared with ₹5.20 for June 2025.

Both EPS numbers were presented in the provided information set, and they appear in different contexts. Investors typically rely on the EPS disclosed in the relevant results statement they are tracking (standalone vs consolidated, and the specific EPS definition used in that statement).

Subsidiary contribution highlighted in the filing

Prima Plastics disclosed information about its subsidiary Prima Union Plasticos, S.A., located outside India. For Q1 FY27, the subsidiary contributed revenues of ₹23.32 crore and net profit of ₹5.30 crore, and those numbers were reviewed by other auditors, as stated in the disclosure.

Subsidiary performance can materially influence consolidated outcomes depending on the size of contributions and how costs and other income items flow through the group accounts.

Stock reaction and recent returns

Prima Plastics shares closed at ₹123.55 on August 10, 2026 on the BSE, as cited in the provided data. The stock was reported to have delivered 1.60% returns over the last six months and -11.75% over the last 12 months.

The company also disclosed that it had implemented a trading window closure under its insider trading code, with the window closed until 48 hours after the declaration of financial results.

Summary table of key disclosed figures

Why the numbers matter

Prima Plastics’ Q1 FY27 standalone performance stands out primarily because profit rose sharply even though operating revenue was lower than several comparison periods shown in the same information set. The disclosed standalone income statement shows a significant jump in other income, which coincided with a surge in net profit from continuing operations.

At the consolidated level, the company’s reported numbers in the provided snapshot show higher sales year-on-year but lower net income. For investors, this split underscores the importance of reading standalone and consolidated results separately, and tracking which line items are driving changes, especially when non-operating income is large in one view and operating metrics are emphasized in another.

Conclusion

Prima Plastics’ Q1 FY27 results, approved on August 10, 2026, showed a strong standalone profit outcome supported by higher other income, alongside a year-on-year rise in consolidated sales with a decline in consolidated net income. The results carried an unmodified limited review report from CNK & Associates LLP, and the company reiterated trading window restrictions tied to the results announcement. Investors will likely focus next on subsequent quarterly disclosures to see how operating revenue and profitability evolve after this June-quarter mix of outcomes.