Silkflex Polymers Q2 FY27 Revenue Rises 204.3% YoY

Board approves half-yearly results

Silkflex Polymers (India) Limited approved its unaudited standalone financial results for the half year ended September 30, 2026, at a board meeting held on October 26, 2026. The company had earlier informed the exchange that its board would consider the half-yearly results at the meeting. The meeting began at 11:00 AM IST and concluded at 12:10 PM IST. The board also considered and took on record the limited review report under Regulation 33. Silkflex Polymers trades under the symbol SILKFLEX and has ISIN INE0STN01015.

Q2 FY27 revenue reaches ₹57.2 crore

For Q2 FY27, Silkflex Polymers reported revenue of ₹57.2 crore. Revenue was up 204.3% year-on-year, according to the disclosed Q2 result summary. The result reflects a sharp increase from the company’s earlier reported quarterly revenue levels. The company’s March 2026 quarter revenue had stood at ₹39.07 crore. Detailed financial tables for the September 2026 half year were not embedded in the board-meeting cover letter.

Net profit rises 346.4% year-on-year

Net profit for Q2 FY27 was reported at ₹7.7 crore. This represented year-on-year growth of 346.4%. The operating margin for the quarter was 27.1%. The reported figures were released alongside the announcement of approval of the unaudited standalone results. The company has not provided further profit-and-loss line items in the supplied half-yearly board-meeting communication.

Key reported financial figures

Trading window closure preceded results

The company announced that its trading window would remain closed from October 1, 2026. The closure was to continue until 48 hours after the declaration of the half-yearly financial results. Such a closure is intended to restrict dealing in the company’s securities while unpublished price-sensitive information is being considered. The board approval on October 26 marked the event referenced in that announcement. The supplied information does not state the share-price reaction following the result announcement.

FY26 sets the operating context

Silkflex Polymers had reported FY26 revenue from operations of ₹110.3 crore, up 37.7% year-on-year from ₹80 crore. EBITDA for FY26 was ₹21.7 crore, representing 87.3% year-on-year growth. Profit after tax for the year rose 73.6% to ₹12.2 crore. The company said EBITDA margin expanded by 520 basis points and PAT margin improved by 230 basis points during FY26. These figures provide the financial base against which the new Q2 FY27 update is being assessed.

March quarter showed improved profitability

In the March 2026 quarter, Silkflex reported revenue from operations of ₹39.1 crore. The company said this was 199.8% higher than the fourth quarter of FY25. EBITDA increased 224.4% to ₹9 crore, while EBITDA margin reached 23.1%, compared with 21.3% a year earlier. PAT was ₹4.7 crore, up 234.1%, with PAT margin improving to 11.9% from 10.7%. The Q2 FY27 operating margin of 27.1% is above the 23.1% EBITDA margin reported for the March 2026 quarter, although the two measures should not be treated as directly comparable without the full financial statements.

Vadodara facility and business mix

The company has referred to the commencement of full-scale commercial production at its Vadodara facility. During its first year of manufacturing, the distribution business accounted for 75.9% of revenue, while manufacturing contributed 24.1%. This mix indicates that distribution remained the larger revenue source during that period. The expansion of manufacturing operations is therefore relevant to Silkflex’s reported business development. No separate Q2 FY27 revenue split between distribution and manufacturing was included in the supplied data.

Textile inks remain the largest segment

Textile inks remained Silkflex Polymers’ main business segment, contributing 94.5% of total revenue in the disclosed segment information. The textile ink segment grew 35.7% from ₹76.7 crore to ₹104.1 crore. Wood coatings accounted for the remaining 5.5% and increased 85.1% from ₹3.3 crore to ₹6.1 crore. While wood coatings are smaller in the reported mix, the company described the vertical as gaining traction. The supplied information does not give a segment-wise contribution for Q2 FY27.

What investors can monitor next

The formal board communication confirmed approval of the September 2026 half-yearly unaudited standalone results and the limited review report. Investors can monitor the full financial tables when released through the company’s portal or exchange filings. Those disclosures would provide further details on the half-yearly revenue, expenses, profitability, cash flow and balance-sheet position. The available Q2 summary points to ₹57.2 crore of revenue, ₹7.7 crore of net profit and a 27.1% operating margin. The next relevant updates will be the detailed half-yearly disclosures and subsequent periodic financial announcements.