XPRO India Ltd is engaged mainly in the business of polymers processing at multiple locations and is a leading manufacturer in India of Coextruded Plastic Films, thermoformed liners and specialty films (including dielectric films and special purpose BOPP Films).
Q3 FY26 Earnings Results
- Revenue from Operations: ₹106.31 cr, +1.7% YoY vs ₹104.55 cr in Q3 FY25, modest top-line growth.
- EBITDA: Operating profit before depreciation & tax (₹10.67 cr) declined ~26% YoY.
- PAT: ₹8.73 cr, -9.8% YoY (decay versus prior year profit), reflecting pressure on profits despite slight revenue growth.
- EPS: Consolidated EPS implied at ~₹3.05 (₹8.73 cr on ~2.86 cr shares).
- Other key metrics: Net income before tax also declined by ~22% YoY; quarterly revenue compares with prior ₹104.55 cr range.
Management Commentary & Strategic Decisions
- Performance view: Company management stated that Q3 FY26 results showed modest revenue growth but pressure on profitability, with operational expenses and other costs being key factors affecting net profit. Management emphasised the ongoing execution in polymer products and co-extrusion film segments which supports steady revenue flows.
- Industry context: Leadership likely noted volatile raw material costs and competitive pricing pressure in the polymers processing business, typical headwinds for packaging and dielectric film producers which reflects in YoY margin contraction, though detailed quotes from the earnings release have not yet been widely published.
- Strategy: Continued focus remains on efficient capacity utilisation and strengthening product mix, along with investments in new production lines (e.g., dielectric films) scheduled to ramp in subsequent quarters.
Q2 FY26 Earnings Results
- Revenue from Operations: ₹123.98 cr, -10.5% YoY (down year-over-year).
- EBITDA: ₹10.7 cr (margin ~8.9%), -20% YoY with margin contraction.
- PAT: ₹4.97 cr, -50% YoY vs ₹9.9 cr in Q2 FY25.
- EPS: ₹1.74 on 2.86 cr shares.
- Other key metrics: Revenue and profit margins were lower than Q2 last year due to soft demand and operational cost pressures, compounded by commodity cost volatility.
Management Commentary Q2
- In Q2 commentary, the company noted topline pressures and margin declines related to raw material pricing and competitive dynamics in polymer product markets, suggesting operational discipline but subdued demand.
- Q2 results also referenced external cost headwinds and the business’ focus on stabilising EBITDA through efficiency programs.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.