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Captain Polyplast Reports 48 percent growth in Total Income and 23 percent rise in EBITDA in Q2 FY26

Rajkot (Gujarat) [India], November 10: Captain Polyplast Limited (CPL, BSE: 536974), is one of the leading manufacturer and exporter of micro irrigation solutions, and has diversified its operations into solar EPCsegment. The Company reported its unaudited financials for Q2 & H1FY26.

KeyConsolidatedFinancial Highlights

Particulars (₹Cr) Q2FY26 Q2FY25 H1FY26 H1FY25
Total Income 80.09 54.11 150.31 119.77
EBITDA 8.24 6.69 16.02 13.51
EBITDAMargin(%) 10.29 12.37 10.66 11.28
PBT (Excluding Exceptional Gain) 5.76 3.48 11.12 7.16
Net Profit* 4.24 16.27 8.54 19.48
Net ProfitMargin(%) 5.30 30.08 5.68 16.26
Diluted EPS (₹) 0.71 2.94 1.42 3.52

Note*: The Net Profit in Q2& H1FY25includes as exceptional gain of₹15.61Cr

Commenting on the performanceMr.Ritesh Khichadia, aWhole Time Directorof CaptainPolyplastLimitedsaid,“In Q2, wefocused on strengthening our operations and maintaining steady progress across our core segments. We have reported healthy revenue growth of 48% YoY and EBITDA growth of 23% YoY during the quarter on account of growth in both micro irrigation and solar EPC segment. We have continued to grow our solar EPC business by expanding our presence in both rooftop and solar pumps segment. We have secured vendor empanelment for supply of solar pumps under PM-KUSUM scheme in Maharashtra and Gujarat.

Looking ahead, we expectstrong government supportcontinuing todrivedemand for irrigation and solar solutions. The reduction in GST from 12% to 5% on drip irrigation, sprinklers, and solar equipment has improved affordabilitywhich augurs well for demand.”

Q2FY26Key Business Highlights

Maharashtra Solar pump Receivedempanelment from MSEDCL under the “MagelTyalaSaur Krishi Pump”Yojnawithinitial order forsupply of 200 off-grid solar water pumps worth₹5.97 Cr
Gujarat

Solar pump

ReceivedLOA from Dakshin Gujarat Vij Company Ltd under the PM-KUSUM Schemefor empanelmentto supply off-grid solar water pumps across Gujarat

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