Pyramid Technoplast reports a strong start to FY27 with revenue growth driven by capacity ramp-up, strategic expansion plans, and sustainability initiatives, signalling a positive outlook amid geopolitical challenges.
Pyramid Technoplast reported a stronger start to FY27, with revenue rising 36% year on year to ₹222 crore in the June quarter, helped by the ramp-up at its Wada plant and early gains from its sustainability-linked initiatives, according to GuruFocus. The company also said EBITDA per ton climbed to ₹16,380 from ₹11,252 a year earlier, underlining firmer unit economics even as total utilisation remained below full capacity. Livemint separately reported quarterly revenue of ₹163.81 crore and net income of ₹7.91 crore for the period ending June 25, 2026, reflecting continued top-line growth.
Management said the business was operating at about 62% capacity in the quarter, with export volumes slipping 4% because of geopolitical disruption, which it described as temporary rather than structural. Even so, the Wada facility was running above 70% utilisation and contributed ₹43 crore, or 19% of revenue from operations, while the company expects that plant to approach 80% utilisation over the course of the year, GuruFocus said. The broader FY27 target remains about 15% revenue growth, with EBITDA margins above 10%, supported by better mix and higher throughput.
The company is also pushing ahead with expansion. It plans to invest ₹20 crore to ₹25 crore in a new site in Kutch, in western India, with capacity for 10,000 intermediate bulk container units a month and commissioning targeted by March 2027. Management said the move should cut freight costs and improve delivery times in the region. At the same time, government subsidy approvals totalling about ₹35.4 crore for the Wada and Bharuch facilities are expected to ease project costs and improve returns on capital over time.
Pyramid Technoplast has also been leaning on power savings and recycling to improve economics. GuruFocus said solar plants reduced costs by about ₹2 crore in the quarter, with the full 14.25MW portfolio expected to deliver annual savings of roughly ₹50 crore once fully in place. Its recycling unit processed 150 metric tonnes in the quarter and generated ₹25 lakh in EBITDA, with a FY27 contribution of about ₹2 crore expected. Arthneeti said the company is also seeing a richer product mix, with the higher-margin IBC business accounting for 41% of revenue, up from 34% a year earlier, while long-term debt is expected to ease over the next few years as capital spending stays tightly controlled.
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