Polyplex Corp shares drop nearly 5% after Q1 results swings to loss
Polyplex Corporation Ltd. saw its stock slide 4.95% to ₹1,076.90 on Tuesday, August 13, after reporting a net loss for the first quarter of FY26. The polyester film manufacturer posted a consolidated net loss of ₹19.31 crore, compared with a profit of ₹53.52 crore in the year-ago quarter.
Q1 FY26 Financial Highlights: Net loss: ₹19.31 crore vs profit of ₹53.52 crore YoY
Revenue from operations: ₹1,739 crore vs ₹1,686 crore YoY
Other income: ₹29.79 crore, up from ₹25.92 crore in Q1 FY25
EBITDA impact: Higher costs and foreign exchange factors weighed on margins, turning profitability negative despite revenue growth
The results reflect pressure from increased material costs, currency volatility, and lower margin realisations. Investors reacted sharply, sending the stock to one of the day's top loser positions on NSE.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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