Rajshree Polypack Q2 Revenue Rises 19% to ₹102.90 Crore

Rajshree Polypack Limited reported Q2 FY27 revenue from operations of ₹102.90 crore for the quarter ended September 30, 2026, up 19.06% from ₹86.43 crore a year earlier. Profit after tax was ₹5.03 crore, compared with ₹4.60 crore in the corresponding quarter of FY26.

What did Rajshree Polypack report for Q2 FY27?

Rajshree Polypack reported revenue from operations of ₹102.90 crore in the September 2026 quarter. The figure was ₹16.47 crore higher than the ₹86.43 crore reported for the quarter ended September 30, 2025. The company published its Q2 FY27 results statement on November 3, 2026.

The company operates in one segment, Plastic Packaging Products. As a result, the reported revenue movement represents performance within this single operating segment rather than a combination of separately disclosed business divisions. The results statement does not provide a revenue split by product category, customer group, geography, or end market.

The September-quarter revenue was close to the ₹102.91 crore revenue reported for the June 2026 quarter. However, the supplied Q2 statement primarily provides a year-on-year comparison, while the June-quarter information was reported separately. The disclosed Q2 result therefore shows that sales remained above ₹100 crore for a second successive reported quarter in FY27.

How did Rajshree Polypack's margins and profit change?

Rajshree Polypack's reported EBITDA for Q2 FY27 was ₹17.92 crore, translating into an EBITDA margin of about 17.4% on revenue from operations. The supplied result data identifies this as an EBITDA calculation based on profit before exceptional items and tax, finance costs, depreciation, and tax-related adjustments.

Profit after tax stood at ₹5.03 crore, against ₹4.60 crore in the year-earlier quarter. This represents an absolute increase of about ₹0.43 crore. PAT margin was approximately 4.9% for the quarter, calculated against revenue of ₹102.90 crore.

The difference between the EBITDA margin and PAT margin reflects the role of costs below the operating-profit level, including finance costs, depreciation, and tax. Finance costs for the September 2026 quarter were ₹2.37 crore, while depreciation was ₹4.65 crore. These figures are relevant for investors assessing how operating earnings translate into reported profit.

What does the cash-flow disclosure show about borrowings?

Rajshree Polypack's consolidated cash-flow statement recorded long-term borrowing proceeds of ₹5.14 crore during the half year ended September 30, 2026. It also reported repayment of long-term borrowings of ₹4.63 crore during the same six-month period.

The resulting difference between the disclosed long-term borrowing proceeds and repayments was about ₹0.52 crore. Separately, net short-term borrowings were negative ₹0.17 crore, which indicates a net repayment of short-term borrowings during the half year.

The supplied information does not state a specific capital-expenditure amount, project, capacity addition, or use of the borrowing proceeds. Therefore, the cash-flow data confirms borrowing activity but does not establish how much of it was allocated to capex. Investors would need further disclosures from the company to assess project-level spending or expansion progress.

How does the quarter fit into Rajshree Polypack's recent financial trend?

Rajshree Polypack reported FY26 revenue of ₹338.61 crore, compared with ₹334.70 crore in FY25, an increase of 1.17%. Operating profit for FY26 was ₹22.86 crore, up from ₹12.98 crore in FY25. The annual figures indicate that operating profit grew faster than revenue in FY26.

For Q1 FY27, Rajshree Polypack had reported revenue of ₹102.91 crore, EBITDA of ₹16.52 crore, and PAT of ₹7.25 crore. Q1 revenue was up 24.72% year on year, while Q1 EBITDA margin was reported at 16.05%. The September-quarter revenue of ₹102.90 crore was therefore broadly similar to the June-quarter level based on the rounded figures supplied.

The company has indicated an FY27 revenue outlook of ₹370 crore to ₹380 crore and EBITDA margins around 15%. This outlook provides a reference point for evaluating the reported September-quarter performance, although the results statement does not provide a revised forecast or a formal update on progress toward that range.

Why do the Q2 results matter to investors and operations?

The Q2 numbers matter because Rajshree Polypack recorded double-digit year-on-year revenue growth while maintaining a reported EBITDA margin above its stated FY27 margin outlook of around 15%. Revenue growth of 19.06% and an EBITDA margin of 17.4% are the central operating indicators disclosed for the September quarter.

Profit after tax increased year on year, but it remained lower than the ₹7.25 crore reported in Q1 FY27. This comparison should be treated carefully because the supplied data does not provide a detailed Q2 quarter-on-quarter profit bridge, including changes in product mix, raw-material costs, other income, tax, or exceptional items.

For the plastic packaging industry, earnings are influenced by sales volumes, pricing, raw-material costs, customer demand, and financing requirements. Rajshree Polypack's single-segment disclosure means investors have limited segment-level information to isolate these factors. The borrowings data also makes future disclosures on debt levels, capex and cash generation relevant to tracking the company's financial position.

Conclusion

Rajshree Polypack delivered Q2 FY27 revenue of ₹102.90 crore, a 19.06% increase from the year-earlier quarter, while PAT rose to ₹5.03 crore. Reported EBITDA of ₹17.92 crore and a 17.4% EBITDA margin show that the company maintained operating profitability alongside higher revenue in its Plastic Packaging Products segment.

The key items to watch next are the company's progress toward its FY27 revenue outlook of ₹370 crore to ₹380 crore, its stated EBITDA-margin target of around 15%, and any additional disclosure on capital expenditure and borrowing use. Subsequent quarterly results will also clarify whether revenue growth and profit conversion can be sustained.