Prima Plastics Ltd Q1 Revenue Falls 13.8% to ₹40.40 Crore

Prima Plastics Ltd reported consolidated revenue of ₹40.40 crore in Q1 FY2026-27, a 13.8% quarter-on-quarter decline, while net profit fell 62.6% sequentially to ₹0.53 crore. The result highlights lower revenue compared with both the preceding quarter and the year-ago period, ahead of the company’s scheduled board meeting for September-quarter results.

Why did Prima Plastics' Q1 revenue decline?

Prima Plastics reported consolidated revenue of ₹40.40 crore for the quarter ended June 30, 2026. Revenue was down 13.8% from the preceding quarter and declined 15.5% from the corresponding quarter a year earlier, according to the reported quarterly performance data.

The June-quarter result followed consolidated net sales of ₹46.70 crore in the March 2026 quarter. The available quarterly revenue series also shows that revenue stood at ₹47 crore in March 2026 and ₹40 crore in June 2026 on a rounded basis. This indicates that the June period marked a lower sales level after the March quarter.

The company operates in plastic furniture and plastic moulded products. Its business includes exports from India, a wholly owned subsidiary in Guatemala and a 50% joint venture in Cameroon. These operations make consolidated performance relevant for investors assessing the company’s domestic and overseas business activities.

What happened to Prima Plastics' profit and expenses?

Prima Plastics' consolidated net profit was ₹0.53 crore in Q1 FY2026-27, down 62.6% quarter-on-quarter and 0.9% year-on-year. Earnings per share for the quarter stood at ₹2.65, based on the information provided with the quarterly results.

Expenses declined along with revenue, falling 13.2% from the prior quarter and 24.6% from a year earlier. However, the reduction in expenses did not prevent the sharper sequential decline in reported net profit. The figures point to weaker profitability in the June quarter despite a lower cost base.

The data supplied also lists gross profit of ₹6 crore for the June 2026 quarter, down 17.56% sequentially. The reported measures should be read separately from standalone financial results, because the company publishes both standalone and consolidated statements.

How did standalone sales compare with consolidated revenue?

Prima Plastics reported standalone June 2026 net sales of ₹16.84 crore, down 42.75% year-on-year. This is distinct from the consolidated revenue of ₹40.40 crore, which includes the financial performance of the company’s consolidated operations.

For comparison, standalone net sales were ₹25.07 crore in the March 2026 quarter. The company reported FY2025-26 standalone revenue of ₹86.65 crore and standalone net profit of ₹6.41 crore. These figures show why investors need to distinguish between standalone disclosures and consolidated results when tracking quarterly movements.

The company is described as one of India’s leading manufacturers and exporters of plastic furniture products. It also supplies products to importers in overseas markets and has sold to various municipal bodies in India. Its operating profile therefore spans domestic institutional demand, private-sector sales and export-linked business.

What is Prima Plastics scheduled to report next?

Prima Plastics' board was scheduled to meet on November 6, 2026, to consider and approve unaudited standalone and consolidated Ind-AS financial results for the quarter and half year ended September 30, 2026. The company disclosed the board-meeting intimation on October 30, 2026.

The trading window was stated to be closed until 48 hours after the results announcement. The September-quarter filing will provide the next formal update on revenue, profitability and the performance of the company’s consolidated overseas operations after the June-quarter decline.

For investors, the key reported development is that June-quarter revenue and profit both weakened sequentially. The expense reduction was material, but it was not enough to offset the fall in profit. The next results will offer a clearer view of whether the June-quarter figures were followed by a change in sales or cost trends.

Conclusion

Prima Plastics recorded a softer Q1 FY2026-27, with consolidated revenue of ₹40.40 crore and net profit of ₹0.53 crore. Revenue declined on both sequential and annual comparisons, while profit fell sharply quarter-on-quarter despite lower expenses. The difference between standalone sales and consolidated revenue also reflects the relevance of the company’s overseas subsidiaries and joint venture to its reported financial performance.

The immediate item to watch is the board’s consideration of the unaudited September-quarter and half-year results on November 6, 2026. That disclosure is expected to provide updated standalone and consolidated figures, including evidence on whether sales, expenses and profitability changed after the June quarter.