Plastiblends India Q2 Results Show Revenue and Profit Decrease

Plastiblends India Q2 Results

Plastiblends India Q2 Results: Plastiblends India has shared its financial results for the quarter and half-year ending September 30, 2024. The table shows important numbers that indicate how the company is performing. In the three months ending September 30, 2024, the company earned ₹18,534.56 lakhs from operations, which is a drop from ₹21,157.69 lakhs in the previous quarter. This decrease suggests a decline in sales or revenue generation. The company also made ₹263.17 lakhs in other income during the same quarter. When we combine the revenue and other income, the total income for the quarter is ₹18,797.73 lakhs.

Plastiblends spent ₹17,969.14 lakhs, which includes costs for materials, employee salaries, and other expenses. This means the company made a profit before tax of ₹828.59 lakhs. After paying taxes, the net profit for the quarter was ₹630.87 lakhs, lower than the previous quarter's net profit of ₹1,084.84 lakhs. Additionally, the company reported other comprehensive income of ₹477.32 lakhs. Overall, while there was a profit, the financial results indicate some challenges as revenues and profits decreased compared to earlier periods.

Here’s a simplified summary of the unaudited financial results for the quarter and half-year ended September 30, 2024. 

The figures are in lakhs (Lakhs), except for earnings per share (EPS).

Plastiblends India Stock Metrics

Plastiblends India market capitalization is ₹733 crore, meaning that’s the total value of all its shares in the stock market. The current stock price is ₹283, which is what one share costs now. The highest price the stock reached was ₹399, and the lowest was ₹227. The price-to-earnings (P/E) ratio is 21.2, indicating how much investors are willing to pay for each unit of earnings. The book value is ₹162, representing the company's total assets minus its liabilities. It pays a dividend yield of 1.50%, which is the percentage of the stock price that shareholders receive as dividends. 

Here is a summary of the financial information you provided in a table format:

Quarterly Results 

The table for Plastiblends India shows important financial details for March, June, and September 2024. In March, the company had sales of 198.91 crores, with expenses of 183.14 crores, resulting in an operating profit of 15.77 crores, and a profit before tax of 13.89 crores. By June, sales increased to 211.58 crores, and expenses rose to 195.26 crores, leading to an operating profit of 16.32 crores. In September, sales dropped to 185.35 crores, while expenses decreased to 175.57 crores, giving an operating profit of 9.78 crores.

Here’s the table for March 2024, June 2024, and September 2024, showing only the particulars:

About Plastiblends India 

Plastiblends India has been a leader in the plastics industry since 1991. The company is known for making and exporting masterbatches, which are materials used to add color and other properties to plastic products. Plastiblends produces various types of masterbatches, including color, white, black, additive, and filler types. The company’s main office is in Mumbai, but it also has important production and development units in Daman, Roorkee, and Palsana. 

Plastiblends India have a strong manufacturing capacity, producing over 125,000 metric tons of masterbatches every year. Plastiblends is proud to export its products to over 60 countries, showing its commitment to quality and innovation. The company focuses on finding new and creative ways to meet the changing needs of the plastics industry, making it a trusted name in the market. Their goal is to provide the best solutions for customers in both the plastics and textile sectors.