SYNOPSIS:
Mitsu Chem Plast reported strong Q2 FY26 results with revenue of Rs. 92.4 crore, up 14 percent YoY. Net profit surged 66 percent YoY to Rs. 1.88 crore, while EBITDA margin improved to 6.37 percent.
During Friday’s trading session, shares of one of the leading global manufacturers of blow-moulded & injection-moulded products surged nearly 19.3 percent on BSE, after reporting Q2 FY26 financial results with a rise in net profit by around 45 percent QoQ and 66 percent YoY, with threefold (around 221 percent) revenue growth traget by FY28
At 10:49 a.m., shares of Mitsu Chem Plast Limited were trading in green at Rs. 109.45 on BSE, up by around 12.5 percent, compared to its previous closing price of Rs. 97.25, with a market cap of Rs. 148.4 crores. The stock has delivered negative returns of around 13 percent in one year, but has gained nearly 17 percent in the last one month.
What’s the News
Mitsu Chem Plast Limited announced the financial results for the second quarter of FY26 on Thursday after market hours, as per the latest regulatory filings with the BSE.
For Q2 FY26, the company posted a revenue from operations of Rs. 92.4 crores, reflecting a significant sequential rise of nearly 8.3 percent QoQ compared to Rs. 85.3 crores in Q1 FY26, as well as a year-on-year growth of around 14 percent from Rs. 81.2 crores recorded in Q2 FY25.
During the quarter, Mitsu Chem Plast delivered a net profit of Rs. 1.88 crores, representing an increase of nearly 45 percent QoQ from Rs. 1.3 crores, as well as a significant growth of more than 66 percent YoY from Rs. 1.14 crores. Meanwhile, the net profit margin expanded by 64 basis points to 2.04 percent, up from 1.4 percent in Q2 FY25.
Its EBITDA stood at Rs. 5.88 crore, reflecting a growth of 24 percent year-on-year from Rs. 4.74 crore in Q2 FY25. The EBITDA margin improved by 53 basis points to 6.37 percent, compared to 5.84 percent in the same quarter last year.
The company operates with 51 blow moulding machines and 18 injection moulding machines, with an installed capacity exceeding 28,000 metric tonnes per annum.
From achieving a turnover of Rs. 100 crore in 2015 to reaching Rs. 332.28 crore in 2025, the company has demonstrated consistent growth through continuous capacity expansion. It now aims to achieve Rs. 1,000 crore in revenue by 2028 – a threefold (or around 221 percent) increase over its 2024 performance.
Mitsu Chem Plast Limited is a prominent manufacturer of high-quality plastic products, specialising in blow moulding, injection moulding, and customised moulding solutions. It offers an extensive and diversified product portfolio serving key sectors such as packaging, healthcare, automotive, and infrastructure.
The company boasts versatile manufacturing capabilities across three key moulding processes – Blow Moulding, Injection Moulding, and Custom Moulding – utilising HDPE, PP, and Filled PP materials. The company caters to a wide range of industries, including pharmaceuticals, chemicals, food, flavour & fragrances, automotive, healthcare, and agrochemicals.
It operates strategically located manufacturing facilities in Maharashtra with three units: Unit 1 (20,000 sq. ft.) and Unit 2 (36,000 sq. ft.) at Tarapur, and Unit 3 (96,000 sq. ft.) at Khalapur. In addition, Mitsu Chem Plast has a dedicated depot in Hyderabad to efficiently serve clients in South India, supported by a strong distributor network catering to clients across North India.
Written by Shivani Singh
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