| P/E TTM | 7.62xSector 52.82x |
|---|---|
| Market Cap | ₹551.02 CrSmall Cap |
| Promoter Holding | 72.93%No pledge |
| RSI | 56.82Neutral Zone |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 259 | 160 | 172 |
| Other Income | 4.1 | 4.6 | 5.5 |
| Total Income | 263 | 165 | 178 |
| Profit Before Tax | 33.8 | 10.1 | 23.1 |
| Net Profit | 32.9 | 11.7 | 20.8 |
| Operating Margin | 12.9% | 6.1% | 13.0% |
| Net Profit QoQ | +181.2% | ||
| Net Profit YoY | +58.2% | ||
| Adj. Profit QoQ | +440.0% | ||
| Adj. Profit YoY | +68.7% | ||
Key highlights
- Net profit reached ₹32.9 crore in Q2-27, a significant 181.2% increase from ₹11.7 crore in Q1-27
- Revenue from operations grew to ₹259 crore, up 50.6% compared to the ₹172 crore recorded in the same period last year
- Operating margin expanded to 12.9% in the current quarter, recovering from 6.1% in the previous quarter
- Profit before tax stood at ₹33.8 crore for the quarter, reflecting improved operational efficiency
- Promoter holding remains substantial and stable at 72.93% as of the September 2026 quarter
Sequential Recovery in Revenue and Profitability
Nahar Polyfilms witnessed a sharp rebound in its financial metrics during the second quarter of FY27. Revenue from operations climbed to ₹259 crore, representing a 61.8% increase over the ₹160 crore reported in Q1-27. This growth in the top line translated into an even stronger bottom-line performance, with net profit surging to ₹32.9 crore from ₹11.7 crore in the previous quarter.
The company managed to reverse the margin compression seen earlier in the year, with operating margins nearly doubling from 6.1% to 12.9% on a quarter-on-quarter basis, returning to levels seen in the corresponding quarter of the previous year.
Consolidated Performance and Associate Contributions
- The consolidated net profit includes a ₹5.03 crore contribution from associate company Nahar Capital and Financial Services Limited
- Total income for the quarter stood at ₹263 crore, which includes other income of ₹4.1 crore
- Total expenses for the quarter were contained at ₹229.17 crore, despite higher material costs of ₹179.17 crore
- The company reported an EPS of ₹11.73 on a standalone basis for the September quarter
- Deferred tax adjustments provided a credit of ₹1.04 crore during the period under review
Expansion and Industry Positioning
Operating within the Plastic Products sector, specifically in BOPP films, Nahar Polyfilms is currently executing a significant capacity expansion. The company previously announced a ₹450 crore capital expenditure plan to add a 36,000 MTPA third production line, supplementing its existing 60,000 TPA capacity as of March 2026. This expansion, initially detailed in July 2025, positions the company to capture growing demand in the flexible packaging market.
With a TTM P/E ratio of 7.62x compared to the industry average of 28.45x, the company remains focused on operational scaling to leverage its manufacturing base in Madhya Pradesh.
Board Approval and Documentation
The Board of Directors of the Company in their meeting held on 30th October, 2026 have inter-alia, approved the Standalone and Consolidated Un-audited Financial Results for the quarter and half year ended 30th September, 2026.
| Date | Announcement | Amount |
|---|---|---|
| 05 Aug 2026 | Q1 FY27 consolidated net profitSource: kotakneo.com | ₹11.68 Cr |
| 28 May 2026 | Q4 FY26 consolidated net profitSource: blinkx.in | ₹20.50 Cr |
| 07 Feb 2026 | Q3 FY26 consolidated net profitSource: tickertape.in | ₹19.33 Cr |
| 13 Nov 2025 | Q2 FY26 consolidated net profitSource: tickertape.in | ₹20.78 Cr |
| 31 Jul 2025 | Q1 FY26 consolidated net profitSource: market data.com | ₹18.24 Cr |
| 28 May 2025 | Q4 FY25 consolidated net profitSource: BSE filing | ₹14.14 Cr |
What to watch next
- Operational commencement of the third 36,000 MTPA BOPP production line expansion
- Q3 FY27 financial results announcement scheduled for February 2027
| Share price | ₹224.1 |
|---|---|
| Market capitalisation | ₹551.02 Cr |
| Revenue (annual) | ₹704.20 Cr |
| Net profit (annual) | ₹78.84 Cr |
| Revenue (latest quarter) | ₹159.92 Cr-4.63% vs previous quarter |
| Net profit (latest quarter) | ₹11.68 Cr-43.00% vs previous quarter |
| P/E (TTM) | 7.62×Sector 52.82× |
| Promoter holding | 72.93%+0.42% QoQ |
| FII holding | 0.03%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Nahar Poly Films Ltd announcing un-audited financial results for the quarter and half-year ended September 30, 2026. Market figures from a third-party data provider.
